Tag Archives: usdc

Stablecoin issuer and fintech firm Circle has announced the launch of a new v2.2 upgrade to USDC and EURC. It is aimed at significantly reducing gas costs, improving support for account abstraction, and further strengthening transaction security on EVM blockchains. This phased rollout is expected to be completed over the next few months. The USDC and EURC smart contracts will undergo six modifications, all incorporated in a unified v2.2 upgrade for each supported EVM...

Stablecoin issuer Circle is looking into the possibility of becoming a publicly traded company in the early months of 2024. The development comes almost a year after its failed SPAC deal with Concord. Despite the collapse of this particular deal, Circle’s co-founder and CEO, Jeremy Allaire, later emphasized the company still planned to become a publicly traded entity. Circle IPO for 2024? Per the latest information from undisclosed sources cited in a Bloomberg report, Circle...

A Circle spokesperson confirmed that a public listing is not exactly far from the firm’s aspirations. Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly in talks with its advisers over an initial public offering (IPO) for early 2024. According to Bloomberg, which cited sources with inside knowledge about Circle, the deliberations may or may not end up in a public listing. If it does go public, however, sources did not share what valuation Circle is expected to hit. But the...

Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode’s latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in active addresses and a 41% increase in transactions between the first and third quarters. Contrastingly, DeFi experienced...

The creator of the second largest stablecoin USDC with a market cap of about $24.7 billion announced that it will support only business institutional accounts. In a strategic move to review its relations with customers, Circle, a leading and regulated stablecoin issuer, informed its individual account holders that they will not be serviced by the end of this month. Circle wrote an email to its individual customers informing them to redeem their coins before November 30, as only...

The Worldcoin Foundation has announced its plans to strategically transition its Orb device operators’ payments from USDC to the native WLD tokens. This decision comes as the circulating supply of WLD tokens surpasses 1% of its total token supply of 10 billion tokens. WLD Token’s Rise to 1% Circulating Supply The Worldcoin Foundation intends to remunerate orb operators responsible for enrolling individuals into the Worldcoin network by utilizing WLD tokens instead of USDC...

The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will receive technical support and business development aid from the Solana Foundation. An official announcement states that Solana Foundation’s support would be provided to the DMCC Crypto...

The Hong Kong Monetary Authority (HKMA) recently completed a public consultation on stablecoins regulations. As the city of Hong Kong prepares for mainstream adoption of digital assets through a regulated manner, the officials are grappling with cases of crypto-related scams. In a bid to ensure maximum protection of investors’ funds, Hong Kong’s Secretary for Financial Services and Treasury Christian Hui has noted that trading of retail stablecoins is not yet allowed. With the regulations...

ApeX is celebrating the launch of the Telegram bot by introducing a referral campaign. ApeX Protocol, a multichain decentralized derivatives protocol has introduced a Telegram bot dubbed ApeX Bot. According to a Press Release shared with Coinspeaker, ApeX Bot is designed to facilitate seamless derivatives trading transactions. Notably, this is the first-ever layer-2 Decentralized Exchange (DEX) bot that supports derivatives trading and it is unique as a protocol that offers advanced...

Circle, a stablecoin issuer, has introduced the USDC stablecoin into the Polkadot ecosystem of parachains. This move signifies a significant extension of the accessibility of this dollar-backed stablecoin across different blockchain networks. As detailed on Circle’s official website, developers and users can now readily access Polkadot USDC. That means the stablecoin can be seamlessly transmitted to parachains within Polkadot by leveraging the XCM protocol through Circle...