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news-imageJanuary 10, 2025

Is USDT losing ground? The EU's MiCA rules and the rise of USDC and RLUSD

Is the EU's MiCA framework forcing investors to rethink their allegiance to Tether's USDT and explore alternatives like Circle's USDC and Ripple's RLUSD? USDT under radar For years, Tether's USDT (USDT) has been the go-to stablecoin for traders and investors.
Publisher: Crypto news
Sentiment: Negative
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Positive
cover-imageCryptonews
January 9, 2025

Sonic Integrates Circle's Bridged USDC as Official Stablecoin

Sonic now supports Circle's bridged USDC stablecoin through its gateway, connecting Ethereum, Solana, and Fantom. This integration seeks to reduce liquidity fragmentation and enable efficient token-swapping, paving the way for scalable decentralized applications and improved blockchain usability. The post Sonic Integrates Circle's Bridged USDC as Official Stablecoin appeared first on Cryptonews.

Neutral
cover-imageCrypto news
January 9, 2025

Circle donates $1m in USDC to Trump inaugural committee

Circle has donated $1 million to President-elect Donald Trump's inaugural committee. Circle CEO Jeremy Allaire announced the contribution on social media, emphasizing that the committee's acceptance of USDC highlights the growing adoption of digital currencies in mainstream finance.

Negative
cover-imageCryptoSlate
January 8, 2025

Kazakhstan liquidated 36 crypto exchanges with $100 million turnover and seizes $4.8 million USDT

Kazakhstan intensified its crackdown on illegal crypto exchanges in 2024, targeting platforms linked to money laundering activities. According to a press statement, the Asian country's Financial Monitoring Agency (AFM) announced that it liquidated 36 unauthorized exchanges with a combined turnover of more than $100 million and restricted access to over 3,500 unregistered crypto trading platforms.

Positive
cover-imageCryptonews
January 3, 2025

XRP Surpasses USDT Securing Third Place with a $141B Market Cap

XRP's market cap has surged to $141 billion, once again overtaking USDT and regaining the third spot in cryptocurrency rankings. This growth is driven by increased whale activity, Ripple's release of 500 million XRP from escrow, and substantial trading volumes on South Korea's Upbit exchange, indicating rising investor interest. The post XRP Surpasses USDT Securing Third Place with a $141B Market Cap appeared first on Cryptonews.

Positive
cover-imageCrypto Economy
January 3, 2025

USDC's Circulating Supply Doubles in a Year—What's Behind the Growth?

TL;DR USDC's circulating supply has nearly doubled from its 2023 lows, reaching approximately $44 billion as of January 2, 2025. The growth is driven by increased on-chain activity, particularly on alternative layer-1 networks like Solana and Hyperliquid. Diversification across blockchain networks and the rising adoption of DeFi applications have also contributed to USDC's significant expansion.

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