Coinbase: USDC supply has increased by more than 14% since early December
Coinbase stated in a research report that USDC, the second largest stablecoin in terms of market value, is making a comeback with increased global liquidity and rapidly growing usage outside of the United States, leading to a sharp increase in supply in recent months. Analysts David Duong and Li Liu wrote: "Since December 1, 2023, the supply of USDC has increased by 14.3%, exceeding $3.5 billion, bringing its total market value to $28 billion, while the increase in USDT during the same period was smaller, at 8.7%." USDT is a competitor of Tether, a stablecoin based on the US dollar and the largest stablecoin to date, with a market value of $98 billion.
Over 74 million USDC transferred to Coinbase Institutional
According to the blockchain data tracking service Whale Alert, at around 22:45 on January 31st Beijing time, an address starting with "0xf487" transferred 74,007,416 USDC to Coinbase Institutional via the Ethereum blockchain, worth approximately $74,081,424.
Circle will launch USDC on the Celo network
Circle will launch USDC on Celo, which is a layer 1 protocol compatible with EVM and transitioning to Ethereum's layer 2 scaling solution. An upcoming governance vote will also determine whether USDC will serve as Celo's official gas currency.
Swiss Crypto Technology Company Bitcoin Suisse In-depth Cooperation with Circle to Expand USDC Liquidity in Europe
According to official sources, Swiss encryption technology company Bitcoin Suisse recently announced a deep cooperation with Circle to expand the liquidity of USDC in Europe. As part of the ongoing collaboration, Bitcoin Suisse is committed to circulating USDC on its 24/7 trading and custody platform and activating the full use of stablecoins in its channels. In addition, USDC has been added as a standard supported trading pair for all compatible assets.
Circle CEO: Some financial companies may issue tokenized versions of their assets this year
CEO of stablecoin company Circle, Jeremy Allaire, stated that tokenization adoption will continue to grow after the approval of the bitcoin ETF and Blackrock's recognition. He believes that financial companies may issue tokenized versions of their assets this year. It is stated that asset tokenization will become a part of financial companies' development this year. Tokenization technology involves creating a digital version of an asset and putting it into a blockchain, and it may grow this year due to its advantages over traditional financial processes.
Circle CEO: Circle multi-chain programmable wallet and USDC payment gas fees will achieve a seamless user experience
Jeremy Allaire, CEO of Circle, posted on social media X, stating that they are working hard to achieve a seamless user experience by launching the Circle multi-chain programmable wallet and USDC payment gas fees.
Chainlink integrates with Circle’s CCTP protocol for cross-chain USDC transfers
Chainlink is integrating Circle's cross-chain transfer protocol (CCTP) with its CCIP system. The company will use CCTP to handle the transfer of the USDC stablecoin across different blockchains. Chainlink stated that utilizing these two technologies will open up new use cases for stablecoins in payments and DeFi. CCTP is available on seven networks: Arbitrum, Avalanche, Base, Ethereum, Noble, OP Mainnet, and Polygon PoS.
Circle: Asia Pacific accounts for 29% of global digital currency value
Circle has stated that since its launch in 2018, the USDC stablecoin has been used to settle over $12 trillion worth of blockchain transactions. By 2022, USDC worth $130 billion is expected to flow into Asia.
USDC Treasury minted nearly 80 million USDC at around 3:53 today
Whale Alert monitored that USDC Treasury minted nearly 80 million USDC today. Around 3:53 am today, 79,491,382 USDC was newly minted, worth about $79,547,026.
Circle CEO: International support for USDC minting and redemption expanded from 88 countries to 185 countries
On January 12th, it was announced by Jeremy Allarie, co-founder and CEO of stablecoin issuer Circle, on social media that international support for the minting and redemption of USDC has expanded from 88 countries to 185 countries.
