Circle, the issuer of the world’s second-largest stablecoin, USDC, announced today it will no longer support the Tron blockchain. This decision, effective immediately for new mints and phased out entirely by February 2025, has ignited speculation about the motivations behind this significant shift. While Circle hasn’t explicitly stated its reasons, …
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Decentralized oracle project Chainlink has recently incorporated Circle’s cross-chain transfer protocol (CCTP) into its own Chainlink Cross-Chain Interoperability Protocol (CCIP) system. The integration aims to enable the “secure transfer” of Circle’s USDC stablecoin across different blockchains. Chainlink’s Integration Of CCTP According to a press release, the integration of CCTP expands the …
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Stablecoins like USDC have become a cornerstone in the cryptocurrency ecosystem, offering unique stability and reliability. This article provides an in-depth exploration of the USDC Coin, offering you a detailed understanding of its functions, market dynamics, and the organization behind it, particularly Circle USDC. As you navigate through this guide, …
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Stablecoin issuer Circle has dismissed false claims of facilitating illicit financing activities. In a letter addressed to US Senators Sherrod Brown and Elizabeth Warren, the company also said it does not provide banking services to Justin Sun, the Tron Foundation, or HTX (formerly known as Huobi Global). In February 2023, …
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SBI Holdings, Inc., a leading Tokyo-based financial services firm, has announced its strategic partnership with Circle Internet Financial, the USD Coin (USDC) issuer. This collaboration aims to increase the circulation of USDC and promote the use of Circle’s cutting-edge Web3 services in Japan while establishing a banking relationship. SBI and …
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In addition to securing a new banking partner for its USDC stablecoin, Circle said that SBI will adopt its other business offerings, providing end-to-end development, deployment, and operations platforms for building and operating Web3 apps across blockchains. Circle Financial, one of the leading stablecoin issuers in the crypto industry and …
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BlackRock, the leading asset manager in traditional finance, has highlighted potential risks associated with stablecoins for investors considering its proposed iShares Bitcoin spot exchange-traded fund (ETF). Despite BlackRock’s significant involvement in the crypto industry, such as pursuing a Bitcoin spot ETF and registering an Ethereum trust, it now emphasizes concerns …
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Crypto lender BlockFi announced its emergence from insolvency this week, just a few days after FTX announced that it successfully reclaimed approximately $7 billion in assets. FTX debtors, comprising FTX and affiliates, estimate that $8.7 billion has been misappropriated from customers. BlockFi has lent FTX more than $650 million, making …
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By November, all Orb operators are expected to be paid entirely in WLD rather than USDC. Worldcoin Foundation has announced that starting in November 2023, it will pay its Orb operators in WLD tokens instead of USDC stablecoins. These operators are responsible for operating the specialized imaging devices known as …
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Circle emphasized that Circle Account and Circle APIs will exclusively facilitate the use of Polkadot USDC, natively issued within the Polkadot Asset Hub. Circle’s native stablecoin USDC, also the second-largest stablecoin by market cap, is now gearing up for a launch on the Polkadot blockchain, as it continues to expand …
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Visa will now use payment processors to facilitate cross border transactions via the USDC stablecoin on Solana Pay. Solana’s SOL token rose on Tuesday following news that Visa will begin expanding its stablecoin services, via USDC, to the Solana blockchain, in collaboration with payment solutions providers Worldpay and Nuvei. The …
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Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand. Visa revealed that it is carrying out live and completed pilots with issuers and acquirers, moving millions of USDC tokens between partners across the Etheruem …
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