Circle Launches USDC Stablecoin on Base, OP Mainnet
A plan to launch USDC on six blockchain networks, including Polygon PoS, was announced by the Boston-based stablecoin issuer Circle. Users of Base, a decentralized network hatched by Coinbase, now have access to layer-2 native USDC and USDC liquidity. As a result, a bridge is not required to transfer the second-largest stablecoin in crypto to […]
Coinbase Acquires Stake in Circle, Dissolves Centre Consortium
Coinbase, the largest US crypto exchange, has acquired a stake in Circle, the issuer of USD Coin (USDC), the second-largest stablecoin in the world. The deal coincides with the closure of the Centre Consortium, a joint venture between Coinbase and Circle that governed USDC. Coinbase and Circle end their partnership The terms of the agreement […]
Circle Launches MPC Wallet Beta for Ethereum, Polygon, Avalanche
An announcement made on August 8 states that USDC issuer Circle has launched a beta version of a multiparty computation (MPC) wallet service. This service allows creators of Web3 games, e-commerce platforms, and blockchain applications to customize wallets for their users. Initially, it will be accessible on Ethereum, Polygon, and Avalanche . MPC wallets divide […]
Island Pay Launches Crypto Remittance Service In Latin America
The Bahamas-based payment platform partners with Circle to offer USDC stablecoin as a low-cost and accessible option for cross-border payments. Island Pay is a payment platform and fintech company based in the Bahamas that aims to advance financial inclusion in the region and enhance the financial experiences of both the unbanked and banked populations. The […]
Circle, Tether freezes over $65M in assets transferred from Multichain
Assets linked to the alleged exploitation of the cross-chain router system Multichain have been blocked for over $65 million by stablecoin issuers Circle and Tether. The action was taken in response to huge, unexplained outflows from the Multichain MPC bridge on July 6. Three addresses that received at least $63.2 million in USD Coin (USDC) […]