Circle has minted nearly $1 billion in USDC on Solana over the past week, solidifying its position as the dominant stablecoin in the ecosystem and potentially signaling increased demand and liquidity.
Tron founder Justin Sun announces plans for a gas-free stablecoin solution, aiming to revolutionize peer-to-peer transfers and boost corporate adoption of blockchain technology.
The Philippines has partnered with Tether to allow citizens to pay Social Security System (SSS) contributions using USDT stablecoin, marking a significant step in cryptocurrency adoption for government services.
The stablecoin market displayed resilience in April, with First Digital USD (FDUSD) recording a stellar month and Ethena’s USDe gaining significant momentum, while overall volumes dipped slightly from March’s highs.
Circle, the issuer of the stablecoin USD Coin (USDC), has minted $250 million worth of USDC on the Solana blockchain, significantly increasing liquidity within the network. This influx of stablecoins is expected to benefit decentralized finance (DeFi) applications and decentralized exchanges (DEXs) operating on Solana.
Hong Kong’s central bank will launch a sandbox allowing institutions to trial stablecoin issuances to shape future policy and licensing around pegged crypto assets.
Circle has decided to stop minting and supporting its USD-backed stablecoin USDC on the Tron blockchain network, requiring institutional clients to transfer or redeem their USDC holdings by February 2025.
