News with the tag "USDC News "

USDC issuer Circle unveiled an upgrade to its cross-chain transfer protocol, slashing cross-chain settlement time from around 13-19 minutes to seconds. The new CCTP V2 was only introduced on Ethereum, Avalanche, and Base; however, more chain integrations are likely to occur in 2025. The future of cr...

Jeremy Allaire, co-founder of financial technology company Circle, calls for the registration of dollar stablecoin issuers in the US. Recently, stablecoins have become a hot topic in the crypto market, receiving more attention than ever as regulatory scrutiny is ramped up. One of the first issues ex...

USDC’s market cap has reached $56 billion, marking a new all-time high for the stablecoin. With the milestone, Circle’s USD-pegged stablecoin continues the positive momentum that has seen its supply increase by 100% year over year. According to data from Defillama , the milestone follows a 23% growt...

USDC, Circle’s once-battered stablecoin, has finally officially pulled off a full recovery from the disaster of FTX’s collapse. Its market cap is back at $56.2 billion, matching what it was before the crypto giant fell apart in November 2022, according to data from CoinMarketCap. At some point in ea...

The market cap for Circle USDC stablecoin has surpassed $50 billion, continuing its rapid growth from last year. According to data from Defillama, USDC now has a circulating supply of $51 billion after seeing more than 11% growth in the past seven days. The stablecoin’s massive growth this year only...

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. Tether’s closest compe...