A look at the gap between USDT and USDC, as well as a recent development that could boost USDC in the coming months.

Circle will provide Binance with tech and liquidity to strengthen USDC adoption, aiming to challenge Tether's dominance.

Circle and Binance partner to boost global USDC adoption, integrating the stablecoin into Binance's services and corporate treasury.

Circle, the issuer of US dollar pegged stablecoin USDC, and Binance, the world's largest cryptocurrency exchange by user and trading volume, have announced a groundbreaking partnership. The companies revealed the strategic partnership on December 11 at the Abu Dhabi Finance Week.

Circle supports Binance by offering liquidity, technology, and assistance in establishing connections across global finance and commerce.

Circle's USDC is the world's second largest US dollar stablecoin, currently with one-third of Tether's USDT capitalization and circulating tokens. This scenario could soon shift as Circle announces a key partnership with the world's largest crypto exchange, Binance.

The crypto exchange plans to extend the availability of USDC on its platform for trading, saving, and payments applications.

Binance has formed a strategic partnership with Circle to integrate USD Coin (USDC) across its services, aiming to enhance accessibility and promote adoption. This collaboration also positions USDC as a key corporate treasury asset for Binance, according to an announcement on Dec. 11.

Circle and Binance have announced a strategic partnership aimed at bolstering the financial services ecosystem and fostering the development of global digital assets. They unveiled collaboration during the Abu Dhabi Finance Week.

Binance and Circle have formed a strategic partnership to expand USDC stablecoin services across Binance's platform, reaching 240 million users and including corporate treasury integration.

Crypto exchange behemoth Binance echoed a frenzy across the broader crypto sector on Wednesday, revealing its strategic collaboration with stablecoin giant Circle. Notably, the partnership comes as an endeavor by the firms to expand the adoption of the USDC stablecoin while also jacking up the global digital-asset financial services ecosystem.

Circle Internet Group and Binance, two of the largest players in the crypto world, have announced a strategic partnership aimed at accelerating the global adoption of USDC and other digital assets. This announcement, made during Abu Dhabi Finance Week, signals a major step toward integrating stablecoins into mainstream finance and commerce.

Stablecoin provider Circle and crypto exchange Binance have announced a new partnership aimed at expanding the adoption of the dollar-backed stablecoin USDC and digital asset adoption. The post Circle and Binance Partner to Boost USDC and Crypto Adoption appeared first on Cryptonews.

Binance and Circle announced a strategic partnership that would integrate the USDC stablecoin into Binance products and services, making it more accessible for users. On Dec.

Key Points:

Binance will make USDC more available to its customers and adopt the stablecoin for its own corporate treasury.

The partnership will bring more USDC trading pairs, special promotions on USDC across trading and other products, Binance CEO Richard Teng said.

As new stablecoin rules take effect in Europe, Coinbase announced the end of USDC rewards for European users.

Security concerns have surfaced regarding Sky's Lite PSM system, where $756 million in USDC is controlled by an externally owned account, raising questions about potential vulnerabilities and withdrawal risks.

Circle announced this week that USDC became the first stablecoin to gain compliance with new Canadian digital asset regulations. Canada's new regulations call for delisting noncompliant stablecoins after December 31st.

Circle's USDC became the first stablecoin to meet Canada's Value-Referenced Crypto Asset (VCRA) framework requirements.

Sui, the layer-1 blockchain platform, has seen its native token's value rise to a new all-time high of $4.40, with gains of over 16% in the past 24 hours. The blockchain network, which has witnessed significant growth across its DeFi, gaming, and real-world assets ecosystems, ranks as the 20th largest cryptocurrency by market.

Circle and Pockyt partner to simplify global commerce with USDC integration.

Non-compliant stablecoins listed on Canadian-registered crypto platforms will be required to be delisted by Dec. 31, 2024.

Copper, a digital assets custody and collateral management platform, has integrated support for the USDC stablecoin on Sui. The platform announced on Dec. 5 that USDC (USDC), a U.S.

Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.

Less than 6% of Circle's workforce has been slashed following a review of its operations.

Circle, the issuer of the USD Coin stablecoin, has partnered with Pockyt, a global payments platform, to offer USDC-based pay-in and payout solutions for merchants worldwide. This collaboration also incorporates Circle's programmable wallets, creating a “Web2.

Circle has reduced its workforce by less than 6%, saying the layoffs are part of a routine review of investments and expenses as the company continues its global expansion.

The job cuts amount to "less than 6% of Circle's workforce," according to a company spokesperson.

Circle's compliance milestone promises streamlined cross-border transactions, reduced costs, and a strengthened trust framework for Canadian users.

USDC issuer Circle has announced that its regulated subsidiary is the first stablecoin issuer to meet the new regulatory requirements set by Canadian authorities. The move allows Circle's U.S. dollar-backed stablecoin, USDC, to remain available on registered crypto asset trading platforms in Canada.

The developer reported being locked out of Coinbase after attempting to make a transfer using its native stablecoin.

Turkey's crypto regulator reports 14 companies, including QNB Digital Assets, have filed for liquidation.

The top US-based crypto exchange by trading volume is ending its USDC Rewards program for European users. According to a screenshot shared by Marina Markezic, Coinbase is letting European Economic Area (EEA) clients know that USDC staking is coming to an end due to Markets in Crypto-Assets (MiCA) regulations.

With the full application of MiCA anticipated in December 2024, Coinbase is working to ensure its offerings in the EEA are compliant.

Coinbase has made waves in Europe after announcing that it would no longer offer its rewards program for USD Coin (USDC), a decision driven by new crypto regulations in the region.

USDC rewards will continue until Nov. 30, with final payouts by mid-December. MiCA's new rules require e-money token issuers to be licensed as electronic money institutions.

The European Union's Markets in Crypto-Assets (MiCA) laws are forcing the exchange to shut down its USDC rewards program. This change affects the European Economic Area (EEA), a group of 30 countries that includes all EU member states, Iceland, Norway, and Liechtenstein.

TL;DR Coinbase ends its USDC rewards program in Europe due to MiCA regulations, effective December 1, 2024. MiCA's stringent rules classify stablecoins as e-money tokens, imposing significant operational burdens and prohibiting interest on these tokens. Critics argue that MiCA stifles innovation and limits earning opportunities, potentially driving users away from European platforms.

The crypto exchange will end its USDC yield program for EEA customers on December 1, citing the EU's upcoming stablecoin regulations.

The MiCA regulation has not only brought greater regulatory clarity but also a series of disadvantages for USDC holders.

Coinbase will stop rewarding USDC holders in the European Economic Area (EEA) starting December 1st due to an upcoming MiCA regulation.

Coinbase announces the end of its USDC yield offerings on Dec. 1 for customers in the European Economic Area as a result of the region's MiCA stablecoin laws. In a Nov.

Coinbase users in Europe have expressed frustration over the region's evolving crypto regulations after the exchange announced it would discontinue its yield program for the stablecoin USD Coin (USDC). The decision, communicated via email to affected users on November 28, is attributed to the European Union's Markets in Crypto-Assets (MiCA) regulatory framework.

Coinbase will end USDC rewards in the EEA on Dec. 1, citing compliance with the EU's new MiCA regulation. The post Coinbase Ends USDC Rewards for Europe-Based Customers in Response to MiCA appeared first on Cryptonews.

Some Coinbase users are airing frustration at the region's MiCA laws, which is forcing the exchange to stop offering yield on USDC in the European Economic Area.