Tag Archives: circle

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Circle CEO Jeremy Allaire has stated that stablecoins could account for 10% of “global economic money” within the next decade or so. Allaire shared his vision in a June 19 X post, revealing the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins Could Revolutionize Global Economy Allaire noted that stablecoins, a ‘killer app’ for crypto, have enhanced cross-border commerce, reduced remittance costs, and provided banking solutions...

CoinspeakerSynthetix’s sUSD Stablecoin Loses Its Dollar Peg amid Heavy Sell-Off The depeg situation of Synthetix's sUSD has once again highlighted the vulnerabilities within DeFi systems and the impacts of liquidity shifts. Synthetix’s sUSD Stablecoin Loses Its Dollar Peg amid Heavy Sell-Off

The stablecoin sector is not a stranger to controversies, but a recent study questions whether these assets are being widely used as claimed. According to the report, a new metric developed by American multinational payment giant Visa indicates that over 90% of stablecoin transactions aren’t made by genuine users, suggesting that these cryptocurrencies are far from being widely adopted for payments. Only 10% of Stablecoin Transactions Organic Visa, along with Allium Labs, has...

CoinspeakerVisa’s Stablecoin Metric: Circle’s USDC Overtakes USDT in Transaction Volume Over the years, Tether's USDT has dominated the industry as the preferred stablecoin among its pairs, trading as the third largest crypto after Bitcoin and Ethereum, with a market capitalization of $110.64 billion.  Visa’s Stablecoin Metric: Circle’s USDC Overtakes USDT in Transaction Volume

CoinspeakerDAI Hit Record $240B in On-chain Transaction Volume Last Week DAI's $240B record weekly transaction volume eclipsed the rest of the stablecoins combined. DAI Hit Record $240B in On-chain Transaction Volume Last Week

Fintech firm and stablecoin issuer Circle has announced that native USDC is now available on the leading layer 2 rollup, zkSync, thereby making it accessible to developers and users without the need for bridging. With the latest inclusion, USDC is now supported on a total of 16 blockchain networks. USDC on zkSync In its official blog post on April 9th, Circle revealed that numerous prominent ecosystem applications and DeFi protocols are anticipated to embrace native USDC on...

Fintech company Circle has announced support for Web3 services on the Layer 1 blockchain network, Solana. Circle said that the latest move highlighted the growing significance of stablecoins such as USDC in aiding a more inclusive financial landscape. The company aims to facilitate accessibility to USDC for both enterprises and developers while emphasizing the importance of providing the necessary tools to integrate the stablecoin seamlessly into various applications. With...

CoinspeakerKuCoin Report: USDT Issuance Dominates Stablecoin Market with $2.79B in February Beyond stablecoins, the report also touches upon the sentiment within the crypto market, noting that the fear and greed index entered the “extreme greed” territory in late February. KuCoin Report: USDT Issuance Dominates Stablecoin Market with $2.79B in February

Representatives from crypto giants Coinbase and Circle have urged the U.S. government to crack down on non-compliant international digital asset firms – some of which include their biggest competitors. Grant Rabenn, Legal Director of Financial Crimes at Coinbase, told Congress on Thursday that criminals are seeking out “offshore platforms” to avoid anti-money laundering rules enforced by “onshore regulated exchanges.” Coinbase VS Offshore Exchanges Such entities, Rabenn...