USDC

The post How Ripple’s “RLUSD” Will Shake the Stablecoin Market: USDT, USDC Under Fire? appeared first on Coinpedia Fintech News In the latest Thinking Crypto Podcast, Tony Edward interviewed Markus Infinger, SVP of RippleX, discussing Ripple’s upcoming stablecoin, RLUSD, and its potential impact on the crypto market. With RLUSD’s introduction, Ripple aims to strengthen its position in the growing stablecoin sector. Offering RLUSD on both the XRP Ledger and Ethereum main chain enhances accessibility and flexibility for users and investors.…

Soon after Circle announced a partnership to integrate its Cross-Chain Transfer Protocol (CCTP) into the Solana blockchain, $250 million worth of USDC has been minted.  Analyst believes that this, coupled with other factors could propel the SOL price to $900 by the end of the bullish cycle.  It can be recalled that stablecoin issuer Circle recently announced a strategic partnership with Solana (SOL) to integrate its Cross-Chain Transfer Protocol (CCTP) into the blockchain ecosystem. As explained, this was meant to…

Zurich, Switzerland, July 8th, 2024, Chainwire Quick take Certo protocol, decentralized stablecoin lending, previously working with USDT, has added support for USDC deposits and borrows.stUSD is an interest-earning stablecoin utilizing Certo — a P2P lending protocol designed to work with tokenized real-world assets in the form of U.S. Treasuries. Certo, as detailed on certo.finance, represents a pioneering approach in the realm of decentralized finance (DeFi). It is a peer-to-peer (P2P) lending platform that brings real-world assets into the space. Specifically, Certo facilitates…

  Oasys partners with Celer Network to inaugurate the USDC bridging service. The collaboration aims to accelerate the adoption of dollar-denominated payments across Web 3.  The gaming platform accounted for 88% of transactions on cBridge in the past 24 hours.  Blockchain video gaming ecosystem Oasys announced its partnership with Celer Network, a non-custodial asset bridging platform to initiate bridged USDC standard on Oasys blockchain. The latest launch of the bridged USDC standard aims to enhance financial transactions across Oasys and…

Circle becomes the first global stablecoin issuer compliant with EU’s MiCA regulations for USDC and EURC. MiCA framework sets rigorous standards ensuring USDC and EURC’s legality as electronic money in Europe. Circle has made a groundbreaking announcement today, July 1st, marking a significant milestone in the financial landscape. The company has become the first global stablecoin issuer to comply with the new EU regulations, specifically the Markets in Crypto Assets (MiCA) framework. This development allows Circle to officially issue both…

Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits in a very short time. While this could point to recent selling, it is also quite bullish for crypto going by historical performances. Non-Empty USDT And USDC Wallets Jump 13.9% According to the on-chain data tracking…

The post BingX Announces To Launch A USDC Margin Futures Trading On Its Sixth Anniversary! appeared first on Coinpedia Fintech News On the completion of its 6th anniversary, BingX, a cryptocurrency exchange has announced that it will launch a USDC margin future trading launchpool and launchpad. Further, it is planning to expand to new markets such as Vietnam, Turkey, and Argentina. The cryptocurrency platform is also planning to launch a documentary about whale and dolphin conservation to raise awareness about…

The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa. This development marks a significant shift in the stablecoin landscape. While Tether boasts a staggering market capitalization of over $110 billion, USDC, with its $33 billion valuation, has emerged as the more actively traded coin. Visa’s…

Payments company Stripe announces its return to crypto payments after a six-year hiatus, starting with support for USDC stablecoin. Re-entry Announcement After being out of the crypto payments game for six years, renowned payments processor Stripe is re-entering the arena, kicking off with the USDC stablecoin. During a keynote address at Stripe’s Global Internet Economy conference, co-founder and President John Collison declared the company's return to crypto payments.  Collison highlighted the improved transaction settlements, stating,  “Transaction settlements are no longer…