Crypto
USDC to be Launched on Six New Blockchains as Coinbase Invests in Circle
Coinbase bought a minority equity stake in USDC issuer Circle.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Circle, the company behind the USDC stablecoin, filed to go public via an IPO.
Coinbase bought a minority equity stake in USDC issuer Circle.
Circle CEO believes a stablecoin pegged to a yuan could prove more effective in terms of internationalizing the country’s national currency.
With CCTP, the need for lock-and-mint bridging is eliminated.
As opposed to USDT, both USDC and BUSD saw their market caps shrink in May 2023.
Circle no longer holds Treasuries maturing beyond early June.
USDC regaining its peg helped bring in $100 million in liquidity to crypto markets.
After hitting an all-time low of around $0.8774 on Saturday, USDC quickly started recovering, surging to above $0.91.
Visa plans to a vital role in digital payments in the near future.