Circle Lianchuang: Euro stablecoins EURC and CCTP will soon support Solana
Jeremy Allaire, co-founder and CEO of stablecoin issuer Circle, announced on social media that Circle's new products will soon launch on the Solana blockchain, including its Euro stablecoin EURC and cross-chain transfer protocol CCTP. Once CCTP completes its support for Solana, users will be able to send and receive USDC stablecoins between Ethereum, Cosmos, AVAX, and other Layer 2 networks that support EVM.
Stablecoin issuer Circle to close consumer accounts on November 30
Stablecoin issuer Circle will be closing individual accounts on November 30, according to emails received by customers. The company confirmed that business and institutional "Mint" accounts will remain available. The reason for the closure is part of Circle's strategic review and may be due to a drain on reserves caused by a network of individual accounts operating as KYC mules or money-laundering intermediaries. Some speculate that the closure may also be part of a cost-cutting or restructuring exercise.
Circle will end support for individual consumer Circle Mint accounts
Stablecoin issuer Circle will stop supporting individual consumer Circle Mint accounts, which will be closed on November 30. <br>
Circle partners with BitoGroup and FamilyMart to launch “points-to-crypto” service
Circle has partnered with cryptocurrency exchange BitoGroup and convenience store chain FamilyMart to expand its market influence. Circle stated that the three companies are launching a "loyalty points to cryptocurrency" service, allowing users to convert their FamilyMart loyalty points into USDC and other cryptocurrencies.
Circle: Joined TBD and the Linux Foundation’s new non-profit foundation
Circle announced its joining of TBD, a bitcoin-focused subsidiary of Jack Dorsey's Block, and the newly established non-profit foundation of Linux Foundation, aiming to create a set of open source standards for decentralized identity, credentials, and open payments built on the blockchain.
Since September 1, FalconX Has Withdrawn a Total of 428 Million USDC From Circle, Most of Which Have Been Deposited Into the Exchange
According to Lookonchain monitoring, before the rise of BTC today, FalconX extracted 30.5 million USDC from Circle and deposited it into Binance. Since September 1st, FalconX has extracted a total of 428 million USDC from Circle, most of which has been deposited into exchanges.
Binance Will Support Polygon Network to Support Native USDC
According to an official announcement on October 23, Binance will support the native USD Coin (USDC) issued by Circle on the Polygon network. Deposits and withdrawals of the token on the network will be available soon.
Binance already supports the cross-chain version of USD Coin (PoS) (USDC.e) and will use MATICUSDCE as the code.
As of October 19, USDC Circulation Increased by $300 Million
Circle has issued a total of 1.4 billion USDC and redeemed 1.1 billion USDC in the past 7 days, increasing the circulation by 300 million USDC. The total circulation of USDC is 25.4 billion US dollars, with a reserve of 25.6 billion US dollars, including 1.7 billion US dollars in cash, and Circle Reserve Fund holds 23.9 billion US dollars.
Circle Launches Smart Contract Platform to Simplify Web3 App Development
Circle, a stablecoin issuer, has launched a new tool called "Smart Contract Platform" that aims to simplify the process of building Web3 apps for developers. The platform provides pre-vetted code templates and a console or REST APIs for deploying smart contracts, potentially making it easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that allows developers to pay for their users' gas fees, which could make onboarding users easier. The platform offers pre-vetted templates for creating various smart contracts, including non-fungible tokens, blockchain loyalty programs, and interactions with decentralized finance projects.
Circle will upgrade its Web3 wallet to let merchants pay customers’ gas fees
Circle Internet Financial, the issuer of the USDC stablecoin, released an upgraded version of its Web3 programmable encrypted wallet on Thursday. The wallet allows merchants to take over and pay for their customers' transaction fees.
According to the press release, this new feature called "Gas Station" allows businesses to use ERC-4337 to pay people to sponsor users' gas fees - the cost of transferring on the blockchain. Circle says the feature was initially launched on the Polygon (MATIC) mainnet and testnet, as well as the Ethereum (ETH) testnet, and will later be expanded to more blockchains.
