USD Coin (USDC)

Blockchain insurance marketplace Nayms introduced major updates like simplified onboarding and exploration for capital providers, plus new yield-bearing insurance investment pools.

Stablecoin issuer Circle announced plans to start minting USD Coin natively on Polygon, ending bridged USDC.e from Ethereum.

Circle will implement its cross-chain transfer protocol on the Cosmos network through integration with Noble, enabling efficient USDC transfers between Cosmos and other chains.

Circle has introduced its USDC stablecoin into Polkadot’s network of parachains, expanding access to the dollar-backed cryptocurrency.

Polkadot USDC users should avoid depositing XCM-transferred coins from parachains besides Polkadot Asset Hub, as funds may be lost, Circle cautioned.

A recent report revealed Binance’s USD Coin reserves dropped from $3.4 billion to $23.9 million from March to May, raising questions about whether the exchange used the funds to acquire crypto assets independently.

The Noble team has announced that USDC, the first native, fiat-backed stablecoin, will soon be available on the Cosmos ecosystem through their network, leveraging the Inter-Blockchain Communication Protocol to solve asset transfer challenges.