Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

April 11, 2024 Bitcoin.com

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On Thursday, the financial technology firm and stablecoin provider Circle introduced smart contract capabilities aimed at enabling holders of the Blackrock USD Institutional Digital Liquidity Fund (BUIDL) to exchange their shares for USDC through Circle. Circle Provides BUIDL Off-Ramp This week, Circle announced it is providing a redemption pathway for BUIDL holders through USDC. BUIDL, […]

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Circle Launches Native USDC Stablecoin on the Ethereum Scaling and Privacy Solution zkSync

April 11, 2024 The Daily Hodl

Altcoins

Stablecoin issuer Circle says the dollar-pegged USDC is now available natively on layer-2 Ethereum (ETH) scaling protocol zkSync. In a series of posts on social media platform X, zkSync says that, unlike the USDC that was previously bridged on its platform, native USDC is different. “It’s backed by Circle with additional benefits: Regulated, fully reserved, […]

The post Circle Launches Native USDC Stablecoin on the Ethereum Scaling and Privacy Solution zkSync appeared first on The Daily Hodl.

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Circle expands its Web3 Services to Solana as stablecoin transfers surge

April 10, 2024 The Crypto Briefing

Circle

Circle is expanding support for the Solana blockchain and USDC stablecoin integration as a report shows Solana processes 43% of all stablecoin transfer volume.

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Fantom (FTM) Launching Bridged Version of USDC As New Official Ecosystem Stablecoin

April 5, 2024 The Daily Hodl

Altcoins

Ethereum (ETH) rival Fantom (FTM) is launching a new “canonical” stablecoin in partnership with USDC-issuer Circle. Fantom will utilize the cross-chain messaging protocol Wormhole (W) to roll out the new stablecoin, USDC.e. Explains the Fantom Foundation, “USDC.e on Wormhole is bridged from native USDC, located in a smart contract on Ethereum, and holds the potential […]

The post Fantom (FTM) Launching Bridged Version of USDC As New Official Ecosystem Stablecoin appeared first on The Daily Hodl.

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Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems

April 4, 2024 Bitcoin.com

Altcoins

Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In a statement released on Thursday, Ripple revealed its intention to introduce a stablecoin token linked to the […]

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Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE

March 31, 2024 Bitcoin.com

Altcoins

This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was Ethena’s USDE, soaring by 194.9% over the last 30 days. Top Dollar-Pegged […]

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Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins

March 29, 2024 Bitcoin.com

Altcoins

Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other tokens. This also benefits newcomers, making it easier for them to make transactions. Celo Aims for Usability in […]

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Binance to Halt Tron USDC Trading Following Circle’s Move Away

March 25, 2024 Bitcoin.com

Binance

Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC’s trust, transparency, and safety. Binance users […]

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Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days

March 20, 2024 Bitcoin.com

Stablecoin Market Surpasses 0B, a First in 18 Months, After 0M Growth in 5 Days

Altcoins

The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the latest threshold. Stablecoin Market Value Tops $150 Billion The total value of all stablecoins now stands at […]

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Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B

March 15, 2024 Bitcoin.com

Stablecoin Sector Expands by .95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits 3B

Altcoins

In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days, Ethena’s USDE stands out with a 376% increase in its supply during […]

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