Can Tether still sleep peacefully? USDC rises to $56.3 billion, wipes out its losses, and makes its way to the table of the big players.
Binance decreased its corporate reserves, moving or reallocating some of its excess BTC, ETH and SOL reserves. Some of the funds shifted to USDC.
Circle's USD Coin (USDC) has regained its losses from the bear market, reaching a market capitalization of $56.3 billion as of Feb. 10, according to CoinMarketCap.
Circle's USDC stablecoin has reached a $56.3 billion market capitalization, erasing losses sustained during the bear market.
The Japanese securities giant SBI has posted record crypto profits as it aims to win the race to become the first crypto exchange in the country to list USD Coin (USDC). The post Japan's SBI Posts Record Crypto Profits; Aims for Nation's First USDC Listing appeared first on Cryptonews.
USDC's market cap has reached $56 billion, marking a new all-time high for the stablecoin. With the milestone, Circle's USD-pegged stablecoin continues the positive momentum that has seen its supply increase by 100% year over year.
USDC, Circle's once-battered stablecoin, has finally officially pulled off a full recovery from the disaster of FTX's collapse. Its market cap is back at $56.2 billion, matching what it was before the crypto giant fell apart in November 2022, according to data from CoinMarketCap.
Circle, the company behind one of the leading stablecoins, minted $250 million worth of USDC today, on February 7. Issued on Solana, the amount represents a US dollar inflow into the crypto ecosystem, hinting the bull market is back.
Nowadays, bank transfers are slow, fees are high, and some platforms don't even support international payments. That's where Hurupay, built on Base, comes in.
Yesterday, Republican Senator Bill Hagerty introduced a new bill in the Senate regarding stablecoin regulation.
Stablecoin inflows to exchanges accelerated, with over 1B USDC tokens flowing into the market in the past day as whales moved in to buy the dip.
Meow now allows businesses to transact in USDC for free. Straight from their existing cash balance.
Circle's USDC stablecoin demonstrates significant market growth against Tether's USDT, particularly on Solana, as US regulatory clarity and strategic partnerships fuel adoption.
The stablecoin market has just crossed a historic milestone, reaching a market capitalization of over $200 billion. This rapid progression reflects a growing interest from investors in these dollar-backed assets, often perceived as a more stable alternative amidst the volatility of cryptocurrencies.
Stablecoins, often taking the backseat from Bitcoin and other top cryptocurrencies, are now in the spotlight. According to on-chain data, the stablecoins market has surged to over $200 billion, with Tether's USDT and USDC as the main growth drivers.
USDC's growing dominance raises questions about altcoin futures and potential shifts in market sentiment.
Circle's native USDC stablecoin has been expanding its market footprint with major minting happening on the Solana blockchain this month. However, historical trend shows that the growing dominance of the Circle stablecoin is bearish for the crypto market.
The stablecoin market hit a peak record of $224 billion, with USDT and USDC contributing the most to the growth. According to the popular cryptocurrency data aggregator CoinMarketCap, USDC is continuously gaining ground over multiple other stablecoins.
The stablecoin market cap reached a new record high above $200 billion. Is it a sign that Bitcoin and altcoins will rise higher?
Circle's dollar-pegged stablecoin USDC has officially gone live on the layer-1 chain Aptos (APT). Aptos' native token, APT, is up on the news, surging by 5.5% in the past 24 hours. The 38th-ranked crypto asset by market cap is trading at $7.91 at time of writing.
USDC by Circle and USD Tether (USDT) by Tether Limited are both demonstrating strong growth traction in recent weeks. Normally, such processes indicate a coming rally for net crypto capitalization, CryptoQuant data says.
The crypto market is treading water and the biggest cryptocurrency, bitcoin, is taking a bull breather. Its upward momentum is getting stifled by Trump's renewed tariff threats, which are also sending gold prices soaring to record highs and propping up demand for the U.S. dollar.
USD COIN has created history with its mind blowing hold over the world. The financial system was revolutionized when USD COIN started climbing the ladder.
Circle's bid to push its USD Coin (USDC) to the fore as a leading stablecoin option got a boost following the launch of the coin on the Aptos mainnet network. Aptos is a fast-growing layer-1 blockchain network, and the biggest compliment to its reputation could be its “Solana killer” nickname.
Aptos users can now access Native USDC directly, improving transaction efficiency and eliminating the need for cross-chain bridging. The integration strengthens DeFi, payments, and real-world asset applications on the Move-based blockchain. The post Circle Announces Native USDC Is Now Live on Aptos Mainnet appeared first on Cryptonews.
In a latest development, Circle announced that its native stablecoin USDC has gone live on the Layer-1 Aptos mainnet and accessible to all developers and users. With the new development, developers and users would not need bridging when performing a transaction.
Circle integrated its native USDC stablecoin onto Aptos' blockchain ecosystem alongside its Cross-Chain Transfer Protocol (CCTP) for interoperability.
Circle integrates USDC natively on Aptos Layer-1 blockchain, marking a shift from bridged tokens and enhancing the network's DeFi capabilities.
Circle's digital dollar, USD Coin, is now available natively on the layer-1 blockchain Aptos, empowering developers and users.
Native USDC has finally landed on Aptos — a major move, one that brings Circle's stablecoin directly onto the high-speed blockchain, eliminating reliance on Ethereum bridges. No more middlemen, just pure 1:1 redeemable USDC issued straight from Circle.
USDC on Aptos is natively issued by Circle, ensuring seamless integration without cross-chain bridging.
Popular cryptocurrencies like Stellar (XLM) and Shiba Inu (SHIB) just got a new leg up in their adoption, with listings against Circle's major stablecoin USDC on Bitget's platform. The exchange is considered one of the big players in the crypto space, with daily trading volume of $2.68 billion and total assets of $5.9 billion, according to CoinMarketCap.
USDC issuer Circle has been minting a large number of its native stablecoin closing the gap with Tether's USDT. Just over the past week, the stablecoin firm has minted more than 5 billion USDC on the Solana network, amid high demand following the launch of TRUMP meme coin.
The market capitalization of Tether's USDT, the world's largest dollar-pegged stablecoin, has flattened. Circle's competitive offering, USDC, is continuing to increase in supply.
Phemex CEO Federico Variola has assured that withdrawal functions for USDT and USDC will commence shortly. This has given relief to Phemex crypto exchange users who were eagerly waiting for an update.
Circle's new Paymaster product enhances blockchain transactions by enabling USDC-based gas fee payments on Arbitrum and Base.
Stablecoin issuer Circle has introduced a new feature called Circle Paymaster, enabling users to pay gas fees using the USDC stablecoin.
Circle launches Paymaster to simplify blockchain transactions by allowing users to pay gas fees in USDC, now live on Arbitrum and Base. The post Circle launches Paymaster, enabling users to pay gas fees with USDC appeared first on Crypto Briefing.
Investor risk appetite is shrinking, driving up demand for USDC. Is it time to pull back?
The market cap for Circle USDC stablecoin has surpassed $50 billion, continuing its rapid growth from last year. According to data from Defillama, USDC now has a circulating supply of $51 billion after seeing more than 11% growth in the past seven days.
The product allows users to interact with decentralized applications using USDC only, ditching the need for native tokens.
According to a new report from CryptoQuant, USDC liquidity is at its highest level since February 2023. The report noted that Circle typically mints this many tokens in bearish periods.
Binance enhances BFUSD with USDC support, new purchase options, Pre-Buy and Pre-Redeem features, and increased transparency metrics.
USDC mints accelerated on Solana, sparking suggestions of a SOL rally. The mints reflected renewed demand for stablecoins to trade memes and lock in gains.
The role of USDC in the world of trading on Binance Futures
Circle Internet Financial has acquired Hashnote, a leading tokenized treasury platform, to integrate USYC with USDC.
Circle announced on Jan. 21 the acquisition of the tokenization firm Hashnote, the issuer of the USYC token. Additionally, the company closed a partnership with the market maker DRW Cumberland to drive USYC and USD Coin (USDC) in crypto and traditional markets.