The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion.
The idea could delegitimize efforts to promote bitcoin, insiders said, speaking on the condition of anonymity.
USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.
Overcollateralized stablecoin issuers like Tether and Circle are collectively the world's 18th-largest buyers of US government debt.
Circle has donated $1 million of its USDC stablecoin to the inaugural committee for President-elect Donald Trump. On Jan. 9, Circle’s CEO, Jeremy Allaire, expressed the company’s excitement about contributing to the growth of what he described as a great American enterprise. Allaire further emphasized the significance of the committee’s accepting payment in USDC, noting […]
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Learn how to buy USDC on the Base Network with this step-by-step guide, which covers the essentials, including wallets, buying USDC and bridging to Base Network.
Agora's AUSD is the latest entrant into the burgeoning stablecoin market.
Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins. According to Matthew Sigel, Head of Digital Assets Research at VanEck, downloads of remittance giants apps have dropped significantly, with Western Union seeing a 22% decline and MoneyGram experiencing a 27% reduction. Meanwhile, […]
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The stablecoin is also more widely distributed across blockchain networks.
The network now holds approximately $5 billion worth of stablecoins, mostly made up of USDC.
Coinbase CEO Brian Armstrong has signaled interest in incorporating Circle’s USD Coin (USDC) for payments on X, formerly known as Twitter. In a Dec. 29 post, Armstrong suggested that USDC payments would be a valuable addition to the platform and called on the X team to explore implementing this feature. This public appeal follows a […]
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Crypto industry executives share with Cointelegraph what they expect for the now $200 billion stablecoin market next year.
Bitcoin has faced a rollercoaster of price action over the past few days, hitting an all-time high last Tuesday before succumbing to a sharp 15% correction. The recent volatility has sparked a mix of uncertainty and opportunity among market participants. Despite the downturn, BTC remains a focal point for investors, with eyes on whether it […]
Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.
Binance has formed a strategic partnership with Circle to integrate USD Coin (USDC) across its services, aiming to enhance accessibility and promote adoption. This collaboration also positions USDC as a key corporate treasury asset for Binance, according to an announcement on Dec. 11. Circle CEO Jeremy Allaire highlighted the partnership’s significance, pointing out that two […]
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Latin America continues to be a center of blockchain integration with Nuvei and partners' new e-commerce solution for merchants.
Non-compliant stablecoins listed on Canadian-registered crypto platforms will be required to be delisted by Dec. 31, 2024.
Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.
Circle has become the first stablecoin issuer to meet Canada’s new listing requirements for its USD Coin (USDC), marking a significant milestone amid ongoing reports of layoffs within the company. In a Dec. 4 post on X, Circle CEO Jeremy Allaire announced that USDC is the first of the top dollar-backed stablecoins to comply with […]
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By January 2025, Dtcpay will drop support for Bitcoin and Ether to focus on stablecoin payments exclusively.
XRP has made a historic comeback as the third-largest coin by market cap, the number of “XRP” Google searches breaking above “crypto.”
Some Coinbase users are airing frustration at the region’s MiCA laws, which is forcing the exchange to stop offering yield on USDC in the European Economic Area.
Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report.
Stablecoins trading volume saw a sharp increase, placing monthly volumes on exchanges on track to new highs in 2024.
Stablecoin market capitalization rose to $190 billion this month, surpassing the pre-crypto winter peak of April 2022, CCData reported.The crypto rally this year and particularly since the U.S. presidential election fueled demand for stablecoins, which are widely used for trading. The emergence of novel tokenized investment products with fixed prices such as BlackRock's BUIDL and Ethena's USDe also helped growth for the sector.Tether's USDT supply rose 10% over the last month to a new peak of $132 billion, while Circle's USDC grew 12% to almost $39 billion, the report said.
The integrations aim to boost global payments and decentralized finance on the Aptos network.
The partnership is designed to expand access to PYUSD in Asian and African markets, PayPal said.
SCB rolled out a convenient and inexpensive stablecoin wallet that is sure to appeal to tourists in Thailand.
Stablecoin exchange balances grew to a yearly high of $41 billion this week, providing dry powder to buy digital assets, one analyst noted.