Circle Sets Sights on Public Markets Amid Stablecoin Growth
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.
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.
Securitize introduces USDC-USD conversions for BlackRock’s BUIDL fund, streamlining investments and reducing costs for traditional finance players in the growing tokenized real-world asset market.
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.
Global currencies show notable movements against the USD, with pivotal economic reports expected on August 14.
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.
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.
Binance, the world’s largest crypto exchange, will delist six trading pairs on July 5, including BTC/AEUR and ETH/AEUR, while adding new pairs like WIF/BRL and ZK/USDC, reflecting ongoing market dynamics.