Ripple’s CEO Brad Garlinghouse hints at the possibility of cryptocurrencies such as XRP, SOL, and USDC being incorporated into the U.S. strategic reserves. Amidst evolving regulations and increasing institutional investment, the U.S. considers advancing blockchain tech and financial stability through digital asset reserves.
Circle, a leading stablecoin issuer, has contributed $1 million in USD Coin (USDC) to Donald Trump’s Inauguration Committee, signaling a significant move towards the mainstream acceptance and maturation of cryptocurrency.
Over $60 million in USDC has been withdrawn from HyperLiquid amid concerns of North Korean cyber attacks targeting the decentralized exchange’s vulnerabilities. This activity coincides with a significant trading loss by DPRK-linked addresses, suggesting potential reconnaissance actions.
Hyperliquid, a cutting-edge decentralized trading platform and Layer 1 blockchain, reports over $1 billion in USDC net inflows since the launch of its native token, Hype. The platform’s impressive growth is marked by a surge in its decentralized exchange activity and a notable increase in its total value locked (TVL), making it a standout in the DeFi landscape.
Circle has launched CCTP V2, an advanced version of its Cross-Chain Transfer Protocol, aiming to enhance the transfer efficiency and user experience of USDC across various blockchains. This upgrade, set to go live in early 2025 on platforms including Ethereum, Base, and Avalanche, promises faster and more secure cross-chain transactions, positioning Circle to improve the landscape of digital payments and pursue its IPO ambitions.
Coinbase has announced the termination of its USDC Rewards program in response to the upcoming MiCA regulations, aligning with its compliance strategy in the EEA. This decision coincides with significant shifts in the stablecoin landscape, including Tether’s termination of EURT and strategic investments into MiCA-compliant solutions.
Nubank enhances the crypto trading experience with a new feature allowing users to swap Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Uniswap (UNI) directly for USD Coin (USDC), simplifying the process while planning to add more token pairs soon.
Circle is advancing its IPO plans with strong financials and no additional funding needs, while CEO Jeremy Allaire remains optimistic about stablecoin legislation despite political hurdles.
The Avalanche Foundation has unveiled a new Visa cryptocurrency card that enables users to spend various cryptocurrencies directly from self-custody wallets, with initial availability in Latin America and the Caribbean regions.
Bitcoin.com has partnered with Kiln DeFi to offer USDC lending, allowing users to earn interest on their stablecoins through a transparent, on-chain process on Ethereum.
