Circle has introduced a new blockchain-based compliance platform called Compliance Engine, aiming to enhance USDC adoption and compete with rival stablecoins in the growing tokenized real-world assets (RWA) market.
Circle expands its Web3 platform to include Arbitrum, aiming to increase USDC’s role in decentralized finance and compete more effectively in the stablecoin market.
Circle’s USDC stablecoin reaches $16 trillion in total volume, with the Solana blockchain emerging as a key factor in its rapid expansion.
KuCoin, a US-based crypto exchange, has introduced USDC deposits on the Polkadot network, marking a significant step in Polkadot’s DeFi ecosystem development and USDC’s multi-chain expansion.
The Ronin Network has successfully recovered $10 million worth of Ethereum stolen in a recent security breach, with USDC expected to be returned soon, highlighting the ongoing challenges and responses to crypto security issues.
The Basel Committee’s amended Crypto Asset Standard favors permissioned stablecoins, potentially reshaping the market and drawing criticism from the crypto community for favoring traditional banks.
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.
USDC deposits to centralized exchanges hit a one-year high, suggesting investors are positioning to buy cryptocurrencies at lower prices. This trend, along with other market indicators, points to potential growth opportunities in the crypto market.
Espresso Cash now allows users to pay or request USDC stablecoin on various blockchain networks, not just Solana, bringing enhanced flexibility to USDC transactions within the DeFi space.
Circle has confirmed plans to relocate its legal base from the Republic of Ireland to the United States, foregoing Ireland’s low corporate tax rates. This move is tied to Circle’s proposed initial public offering (IPO) plans, which were disclosed earlier this year.
