Jack Dorsey’s Cash App to Introduce Stablecoin Payments on Solana
Cash App, founded by Bitcoin maximalist Jack Dorsey, will integrate USDC payments within the Solana ecosystem.
Jack Dorsey’s Cash App to Introduce Stablecoin Payments on Solana
Cash App, founded by Bitcoin maximalist Jack Dorsey, will integrate USDC payments within the Solana ecosystem.
Bernstein Affirms Resilience of USDC Issuer
Shares of Circle fell by 12.2% despite a strong third-quarter report. Bernstein analysts consider investors' concerns unfounded.
Stablecoin Market Capitalisation Surpasses $300 Billion
The total market value of stablecoins has exceeded $300 billion. USDT leads with over $174 billion, followed by USDC with $73.5 billion.
Plasma Stablecoin Project Sets Launch Date for XPL Token
On September 25, the blockchain Plasma, focused on "stablecoins," will launch its mainnet and the XPL token.
Hackers Breach SwissBorg Crypto Platform, Steal $40 Million
On September 8, unknown individuals stole 192,600 SOL valued at $41 million from SwissBorg.Analyst Predicts Revenue Plunge for Circle Following Fed Rate Cut
The issuer of the USDC stablecoin, Circle, may face significant pressure if the Fed reduces the key interest rate following its September meeting. This conclusion was shared by Dragonfly investor known by the pseudonym Omar. This will play out in the months ahead, but interest rate cuts are horrendous for rate sensitive names like Circle— […]
Stablecoin Inflows to Binance Reach $1.82 Billion, Analyst Predicts Potential Rally
On the night of August 14-15, the net inflow of stablecoins to the cryptocurrency exchange Binance reached $1.82 billion, marking one of the largest figures in recent months. This was reported by CryptoQuant analyst Amr Taha.
Stablecoin Inflows to Binance Reach $1.82 Billion, Analyst Predicts Potential Rally
On the night of August 14-15, the net inflow of stablecoins to the cryptocurrency exchange Binance reached $1.82 billion—one of the largest figures in recent months. This was reported by CryptoQuant analyst Amr Taha.Circle’s Market Capitalisation Surpasses USDC’s Valuation
As of the trading session on June 23, Circle’s market capitalisation rose to $63.9 billion, surpassing the market supply of its flagship product, the USDC stablecoin. The company’s shares gained approximately 10% in a day. The stock price peaked at $298 but closed at $263.5. Source: Yahoo Finance. On June 5, Circle went public. During […]
Circle Launches USDC on Ripple’s XRP Ledger
Ripple and Circle, the company behind USDC, announced a partnership to support the stablecoin on the XRP Ledger (XRPL). According to the statement, the initiative aims to “enhance the utility of the ledger, expand on-chain liquidity, and open new avenues for innovation.” “Stablecoins are key entry points connecting TradFi markets with the crypto space, which […]
Binance Holds $31 Billion in Stablecoins, Attracts Major Investors
Cryptocurrency exchange Binance has consolidated $31 billion in reserves in stablecoins Tether (USDT) and USDC, accounting for nearly 59% of the total volume of “stablecoins” on the top 20 trading platforms, according to analysts at CryptoQuant.
BIS Reports on Cryptocurrency’s Role in Global Trade
At its peak in 2021, Bitcoin, Ethereum, USDT, and USDC accounted for $2.8 trillion, or 12% of global merchandise trade. These estimates were provided by analysts at the Bank for International Settlements (BIS). Source: BIS. Data from 184 countries covered the period from the first quarter of 2017 to the second quarter of 2024. Approximately […]We use cookies to improve the quality of our service.
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