Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%

March 3, 2024 Bitcoin.com

Stablecoin Sector Sees .26 Billion Growth Spurt; Tether Nears 0B Milestone, USDE Supply Swells by 374%

Altcoins

The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in […]

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Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players

February 24, 2024 Bitcoin.com

Stablecoin Market Jumps by Over .5 Billion in 10 Days, Led by Rise in Key Players

Altcoins

In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena usde at the forefront […]

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Circle Announces Plans To Phase Out Support for USDC on the Justin Sun-Founded Blockchain Tron

February 22, 2024 The Daily Hodl

Altcoins

Stablecoin issuer Circle is ending support for its US dollar-pegged digital coin on the Tron (TRX) blockchain. Circle says it will stop minting USDC on the Justin Sun-founded network effective immediately, though it will continue to support transfers and redemptions until February 2025. “Circle Mint customers may transfer USDC on TRON to other supported blockchains […]

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Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain

February 22, 2024 Bitcoin.com

bitcoin.com

The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron, Circle said it is still committed to growing […]

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Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether

February 17, 2024 The Daily Hodl

Altcoins

A Circle executive told Congress this week that she hopes the U.S. Treasury Department considers taking action against Tether. Caroline Hill, senior director of global policy and regulatory strategy at Circle, testified before the House Subcommittee on Digital Assets, Financial Technology, and Inclusion on Thursday. Circle issues USDC, the second-largest stablecoin by market cap. Representative […]

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Licenced Stablecoin on/off Ramp Yellow Card to Introduce USDC on Stellar Network

February 16, 2024 Bitcoin.com

Africa

The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets. Lightning Fast Transfer Speed Yellow Card, a major licensed stablecoin on/off ramp in the African continent, recently announced plans to introduce […]

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Solana Mobile Processed Over $20 Million in Payments Using USDC With No Processing Fees

February 15, 2024 Bitcoin.com

Solana Mobile Processed Over Million in Payments Using USDC With No Processing Fees

Anatoly Yakovenko

Solana Mobile, Solana Labs’ smartphone subsidiary, processed over $20 million in payments in alliance with Shopify and USDC, the second-largest dollar-pegged stablecoin. Anatoly Yakovenko, a co-founder of Solana Labs, explained that 51% of Chapter 2’s payments were completed using USDC, with no payment processing fees associated. Solana Mobile Processed Over $20 Million in USDC Payments […]

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Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth

February 14, 2024 Bitcoin.com

Stablecoin Sector Swells by .7 Billion in February; USDC and FDUSD Lead Supply Growth

Altcoins

Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%, respectively. The Dual-Edged Sword of Stablecoin Growth As the […]

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Can Circle’s IPO boost USDC in its fight for market share?

January 30, 2024 The Crypto Briefing

Circle filed for an initial public offering (IPO) on Jan.

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Stablecoin Issuer Circle To Launch USDC Natively on Top of Celo Blockchain

January 30, 2024 The Daily Hodl

Altcoins

Stablecoin-issuer Circle says it’s bringing USDC to the Celo (CELO) blockchain, according to a new press release from The Celo Foundation. The Celo protocol is an Ethereum Virtual Machine (EVM) compatible blockchain that bills itself as “mobile first,” and is in the process of migrating into becoming a layer-2 solution. Its native token, CELO, can […]

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