The Avalanche Foundation has introduced a groundbreaking crypto-powered Visa card in collaboration with Rain. This initiative initially targets Latin American and Caribbean markets, enabling seamless payments using AVAX and stablecoins like USDC.
Singapore’s Metro Department Store Now Accepts USDT, USDC, and Other Stablecoins
Singapore’s Metro Department Store has expanded its payment options to include stablecoins such as USDT and USDC. This service is currently available at Metro Paragon and Metro Woodlands locations, marking a significant step toward mainstream cryptocurrency adoption.
PayPal Expands PYUSD Use Case to 20 Million Merchants Worldwide
PayPal is set to broaden the utility of its PYUSD stablecoin, making it accessible to over 20 million merchants globally. Despite market fluctuations, PayPal remains committed to positioning PYUSD as a reliable payment solution.
Circle’s USDC and EURC Become First Regulated Stablecoins in Dubai
Circle’s USDC and EURC have achieved a major regulatory milestone by becoming the first approved stablecoins in Dubai’s financial hub. They join Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies on Dubai’s approved list for trading.
Circle Mints Additional $250M in USDC on Solana Network
Circle has bolstered its stablecoin supply on the Solana network by minting an extra $250 million in USDC. With a 78% market share, USDC continues to dominate Solana’s stablecoin ecosystem, outpacing competitors like Tether (USDT).
Rising Stablecoin Supply Signals Potential Altcoin Rally
Analysts suggest that the increasing supply of stablecoins like USDT and USDC indicates bullish sentiment for altcoins. These assets are often viewed as "dry powder" for upcoming market rallies.
COTI V2 Network Integrates USDC as First Stablecoin Partner
The COTI V2 network has integrated Circle’s USDC as its inaugural stablecoin partner. This move introduces encrypted Web3 protocols and enhances stablecoin support within its layer-2 ecosystem.
Plasma Raises $24M to Build Zero-Fee Stablecoin Blockchain on Bitcoin
Backed by Peter Thiel, Web3 startup Plasma has secured $24 million to develop a Bitcoin sidechain dedicated to stablecoin transactions. The platform is slated for launch in Q2 2025.
USDC Market Cap Rebounds to $56.3B Post-Bear Market
Circle’s USDC has seen a remarkable recovery, with its market cap rebounding to $56.3 billion. The stablecoin market as a whole has grown significantly, with USDC’s circulation increasing by 78% year-over-year.
USDC Market Dominance Hits 25% on Solana Network
Circle’s USDC now commands 25% of the stablecoin market, driven by rising demand on the Solana (SOL) network. Regulatory clarity and strategic partnerships have fueled this growth.
Stablecoin Transfer Volume Surpasses Visa and Mastercard Combined in 2024
In 2024, stablecoin transfer volumes exceeded those of Visa and Mastercard combined. The stablecoin supply grew by 59%, peaking at $200 billion in September.
USDC Goes Live on Aptos to Eliminate Stablecoin Bridging
Circle has integrated USDC natively on the Aptos blockchain, ending the need for bridged tokens. This enhancement strengthens Aptos’ DeFi capabilities.
USD Coin (USDC): A Stable and Versatile Cryptocurrency
USD Coin (USDC) stands out in the crypto sector due to its stability, being pegged 1:1 to the US dollar. Its transparency and verifiability make it one of the most trusted stablecoins.
Key Features of USDC:
- Stability: Immune to volatility, pegged to the USD.
- Transparency: Fully backed by USD reserves.
- Interoperability: Available on multiple blockchains like Ethereum, Solana, and Avalanche.
- Utility: Used for payments, DeFi, and cross-border transactions.
FAQ on USDC News
Is USDC compatible with multiple blockchains?
Yes, USDC operates on Ethereum, Solana, Avalanche, and other major blockchains, ensuring wide interoperability.
Can USDC be used for cross-border transactions?
Absolutely. USDC facilitates fast, low-cost international payments while maintaining value stability.
How is USDC used beyond crypto trading?
USDC is widely used in DeFi for lending, borrowing, and earning interest, as well as for global remittances.
Are governments adopting USDC?
Yes. For example, Bermuda accepts tax payments in USDC, and Louisiana’s Treasury allows USDC for state services.