USDC Circulation Grew 78% in 2024: Report
Despite growth, USDC trails USDT, which ended 2024 with a $137.5 billion market cap, dominating 66% of the stablecoin sector.
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Despite growth, USDC trails USDT, which ended 2024 with a $137.5 billion market cap, dominating 66% of the stablecoin sector.
As Donald Trump prepares to take office on January 20, reports suggest his administration is considering adding U.S.-based cryptocurrencies like XRP, Solana, and USDC to a proposed national strategic reserve.
With his recent comments, the president-elect of the United States has ignited new discussions in the cryptocurrency sphere. He showed a willingness to incorporate digital assets such as XRP, Solana (SOL), and USDC into the U.S. strategic reserves.
Coinbase has introduced Bitcoin-backed loans, allowing users to borrow USDC stablecoin without selling their Bitcoin holdings.
Prices of SOL and XRP jumped when the New York Post published the rumor on Thursday. SOL, XRP, and USDC Might Join Bitcoin in a Newly Conceived Strategic Crypto Reserve Donald Trump is not a Bitcoin maximalist, he just rubs elbows with them.
Coinbase, in partnership with Morpho Labs, has launched a Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral.
The top crypto exchange by trading volume in the United States is launching a new Bitcoin (BTC)-backed loan program for US clients. In a new announcement to the social media platform X, Coinbase says users will be able to borrow USDC against BTC with the new program. “Bitcoin-backed loans are here.
Ripple CEO Brad Garlinghouse has addressed discussions surrounding the potential establishment of U.S.-backed strategic crypto reserves. Speaking at the CfC St. Moritz conference, Garlinghouse shared his perspective on the possibility of cryptocurrencies like XRP, Solana (SOL), and USDC being included in national reserves.
TL;DR Coinbase launches on-chain Bitcoin-backed loans through Morpho, a DeFi protocol on the Base network. Customers can borrow up to $100,000 in USDC using their Bitcoin holdings as collateral. The loans are managed by Morpho, with Coinbase providing the interface for easy and fast access to the services.
Coinbase has launched its new Bitcoins backed loans service which allows customers to get USDC loans up to $100,000 without selling their Bitcoins. This new product built on the Morpho DeFi protocol is based on the exchange's Ethereum layer 2 solution, base.
President-elect Donald Trump is reportedly exploring the inclusion of US-developed digital currencies like Ripple's XRP and Solana in his proposed national crypto reserve, the New York Post reported on Jan. 16, citing insider sources.
Coinbase has just introduced a very interesting feature that allows users to obtain liquidity without having to sell their Bitcoin.
President-elect Donald Trump appears poised to reshape US crypto policy as his administration reportedly considers integrating cryptocurrencies such as XRP, Solana, and USDC into a national strategic reserve. This potential move is part of an overarching pro-crypto stance expected to take shape through executive orders following his inauguration on January 20.
Trump's strategic reserve plan could shift global crypto dynamics, potentially challenging Bitcoin's dominance and influencing international policies. The post Trump open to idea of establishing a strategic reserve with US-based coins like SOL, XRP, USDC appeared first on Crypto Briefing.
Donald Trump is open to having more cryptocurrencies such as XRP, Solana, and USDC as part of his America-first strategic reserves. This development comes as the Trump transition team has already been mulling the idea of building a strategic Bitcoin reserve.
Nubank, the largest Latam neobank, has announced the expansion of its USDC rewards program to all customers. This expansion follows a phased rollout announced in May, which opened access to dollar-based stablecoins in Brazil.
Swiss AMINA Bank has waived custody fees for USDC holders, offering quarterly rewards and asset protection to boost stablecoin adoption.
USDC achieved 78% circulation growth in 2024 through regulatory compliance and infrastructure expansion, though it still trails behind market leader Tether's $137.5 billion market cap.
Circle, a U.S. fintech heavyweight, publishes 2025 State of the USDC Economy Report. The document registered an array of splendid milestones hit by USDC stablecoin in terms of trading volume, number of users, service integrations and regulatory compliance in various jurisdictions.
Nubank has launched a 4% annual rewards program for USDC holders across Latin America, requiring a minimum 10 USDC balance and offering daily rewards with instant access to funds.
Innovation and regulation: how USDC is redefining global finance.
Circle's USD Coin (USDC) witnessed remarkable growth in 2024, with its circulation increasing by 78% year-over-year, according to a report shared by the stablecoin's issuer.
Brazilian neobank Nubank has launched a fixed 4% annual return for USDC holders, making the feature available to all crypto wallet users.
Historically, Tether's USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle's USDC and Binance's FDUSD.