Circle’s USDC Overtakes Tether’s USDT in Stablecoin Transaction
Circle’s USDC stablecoin has overtaken Tether’s USDT in transaction volume in 2024 based on Visa crypto payments data. Circle’s USD Coin (USDC) has outperformed its biggest rival, Tether (USDT), in terms of transaction volume, according to statistics from blockchain analytics platform Allium Labs and payment giant Visa. Visa’s analytics indicate that last week’s transaction volume […]
Circle Unveils USDC Exchange for BlackRock’s BUIDL Shares
Circle and BlackRock combine traditional finance with digital assets, introducing smart contracts that enable seamless USDC-BUIDL share exchange. Circle, the renowned stablecoin USDC’s issuer , disclosed a remarkable advancement in its partnership with BlackRock, a prominent financial institution. On April 11, Circle introduced an innovative smart contract functionality. This technology enables the exchange of USDC […]
Circle USDC Set to Transform zkSync Transactions
Circle integrates USDC with zkSync to boost liquidity usability and streamline cryptocurrency transactions across networks. With the integration, zkSync—a layer 2 scaling solution for Ethereum (ETH) that uses zero-knowledge proofs to boost efficiency and cut costs—has taken a step closer to improving liquidity and usefulness. According to a blog post from Circle: “The forthcoming native […]
Overdare, Circle Partner for In-game Wallet, USDC in Support
Metaverse platform Overdare and USD Coin issuer Circle have partnered to enable the integration of in-game Web3 wallets and USDC compensation for the creators of Overdare’s gaming content. Circle and Overdare announced a partnership on February 26 to facilitate cryptocurrency compensation for game content creators. Overdare will incorporate the Programmable Wallets service of the stablecoin […]
Coinbase, Circle Advocate for US Action Against Tether
Executives from Coinbase and Circle have urged US authorities to step up their efforts against Tether and other offshore cryptocurrency companies that don’t follow the law. The head of Financial Crimes Legal at Coinbase, Grant Rabenn, addressed the problem of criminals using overseas platforms to get around the stringent anti-money laundering (AML) regulations imposed on […]