USDC

While Circle faces significantly big competition from rival stablecoins issued by Tether (CRYPTO: USDT) and PayPal (CRYPTO: PYUSD), its recent developments like minting native (CRYPTO: USDC) coin, partnerships and integrations across, have taken the USDC issuer on a roll. The company is aiming to roll out the stablecoin on six more blockchain networks in the upcoming months.

Circle Collaborates With Philippines Exchange To Promote USDC Remittances

Ethereum

Polygon

After contending with the SEC that stablecoins shouldn't fall under the same regulations as traditional securities, Circle has chosen to take the initiative. USDC can now be accessed directly on Polygon PoS without the need for bridges.

Circle Starts USDC Minting On Polygon PoS, Skips Ethereum Bridges

The Ethereum (CRYPTO: ETH) Foundation has converted 1,700 ETH, valued at approximately $2.76 million, into Circle's USDC (CRYPTO: USDC) stablecoin. What Happened: According to scopescan, an on-chain analytics firm, "the Ethereum Foundation has just sold 1,700 ETH ($2.76 million) for USDC.

Ethereum Foundation Sells 1,700 ETH For $2.76M USDC Amid Increased Volatility

Blockchain sleuths spotted the Ethereum Foundation trading 1,700 ETH for a hefty $2.76 million in USDC stablecoins. This comes hot on the heels of Ethereum's co-founder, Vitalik Buterin, transferring a cool $3.79 million in ether within a mere ten days. Ethereum Foundation Parts With Ethereum in $2.

Ethereum Foundation Trades 1,700 ETH for $2.76 Million in USDC

Burnt announced its public testnet for Xion, a Layer-1 blockchain that will use the Circle-issued USDC as its native transactional currency.

Layer 1 blockchain that uses USDC stablecoin for gas fees opens public testnet

Cosmos

Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system. This is expected to make transfers seamless and benefit USDC's market cap.

Cosmos Opens Doors To Circle's Native USDC Through CCTP

Polygon (CRYPTO: MATIC), the leading layer 2 scaling solution on Ethereum (CRYPTO: ETH), will now enjoy the addition of USDC (CRYPTO: USDC) stablecoin on its blockchain network. It has the largest developer ecosystem and the strongest liquidity among all blockchains.

USDC Integration In Polygon Network Marks A Step Forward In Speed, Cost Efficiency

Top stablecoin issuer Circle adjusted the official names of its dollar and euro-pegged stablecoins to USDC and EURC.

USD Coin and Euro Coin stablecoins are now officially named USDC and EURC: Circle

Polkadot

USDC (CRYPTO: USDC) is now on Polkadot. What Happened: The stablecoin can be transferred to parachains in Polkadot through the XCM protocol using Circle Account and Circle APIs.

Polkadot Adds USDC Stablecoin To Hub, Leads Race In Supported Blockchain Networks

Circle has deployed USDC in the Polkadot ecosystem of parachains, further expanding the native availability of the dollar-backed stablecoin.

Circle issues native USDC stablecoin on Polkadot

NEAR Protocol

The second-largest stablecoin by market cap, USD Coin (USDC), is now available natively on the Ethereum (ETH) competitor NEAR Protocol (NEAR). In addition to NEAR, USDC is also available natively on Algorand (ALGO), Arbitrum ( ARB), Avalanche (AVAX), Base, Ethereum, Flow, Hedera (HBAR), Noble, Optimism (OP), Solana (SOL), Stellar (XLM), and Tron (TRX).

Second-Largest Stablecoin USDC Launches on Ethereum (ETH) Competitor NEAR Protocol (NEAR)

FinTech company and issuer of USD Coin (CRYPTO: USDC), Circle introduced the native stablecoin liquidity access on the Layer-1 Blockchain NEAR (CRYPTO: NEAR) protocol ecosystem. Circle has officially issued Native USDC and is always redeemable 1:1 for U.S. dollars.

Circle's USDC Expansion On NEAR Signals Resilient Multi-Blockchain Future

The new toolkit allows USDC to be the ultimate gas token on any blockchain.

Crypto Custody Firm Qredo Integrates Circle's USDC Stablecoin

Stablecoin issuer Circle and crypto exchange OKX are partnering to bring USDC features to the OKX Wallet and OKX DEX aggregator.

OKX and Circle partner to add USDC features to OKX Wallet and DEX aggregator

US Dollar Coin (USDC) stablecoin issuer Circle is responding to proposed changes to the European Union's (EU) financial crime policies, which would impact crypto companies.

USDC Issuer Circle Responds to EU's Proposal To Expand Crypto Regulatory Oversight

Krafton, the game development company renowned for its popular battle royale game PUBG: Battlegrounds, has announced plans to launch Settlus, a layer 1 blockchain utilizing the Cosmos SDK.

PUBG Developers Krafton Announces Cosmos-based Layer 1 Using USDC For Settlements

Legend Trading serves over 800 institutions, processes more than $1 billion a month, and aims to bring USDC to its clients.

Circle Joins Forces with Legend Trading to Broaden International Reach of USDC

Solana

Payments giant Visa announced plans to expand its stablecoin settlement capabilities by utilizing the Solana blockchain.

Visa Expands USDC Stablecoin Settlements Using Solana

The payments giant doesn't seem to be slowing down with its crypto ambitions.

Visa Promises Faster Credit Card Payments With USDC on Solana

The company said it is one of the first major payment institutions to use directly the Solana network for settlements.

Visa Taps Solana and USDC Stablecoin to Boost Cross-Border Payments

Optimism

Stablecoin issuer Circle deployed its dollar-backed stablecoin, USDC, on Layer 2 networks OP Mainnet and Base.

Circle deploys USDC on Layer 2 networks OP Mainnet and Base

Worldcoin

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Worldcoin reaches record verifications in Argentina, Circle partners with Mercado Pago to bring USDC to Chile, and Binance launches a Latam-focused remittance solution.

Latam Insights: Worldcoin Breaks Records in Argentina, Circle Brings USDC to Chile

For most of 2022, USDC was close to catching its rival Tether. But that figure has been shrinking—and fast.

The Incredible Shrinking Market Share of Circle's USDC Stablecoin

Circle, a financial services company, has announced a new partnership with Mercado Pago, Mercado Libre's digital payments wallet, to bring the USDC stablecoin to its Chilean customers. The partnership will allow millions of users in Chile to access USDC via Mercado Pago's services and leverage it as a digital representation of the U.S.

Circle Partners With Mercado Pago to Offer USDC to Chilean Customers

"Chile is our first flag thanks to its vibrant technological ecosystem,” Dante Disparte, Circle chief strategy officer and global policy head told Decrypt.

News for USDC Crypto (USDC)