Circle predicts stablecoins will become mainstream global payment method
Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space.
Auto Added by WPeMatico
Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space.
2025 could bring stablecoins into the mainstream, after 2024 introduced a “turning point year in crypto,” according to Circle’s Allaire.
It’s Circle’s latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether’s USDT.
Blockchain security firm Asymmetric Research privately disclosed the vulnerability to Circle, which has since been addressed.
PYUSD competes with rivals such as Circle’s USDC and Tether’s USDT.
As Hong Kong looks into creating HKD and USD stablecoins, a local industry executive has addressed possible implications for stablecoins like UDST and USDC.
In July 2024, Circle became the first stablecoin issuer to comply with the European Union’s Markets in Crypto Assets regulatory framework.
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.
More than $2.5 billion has been issued by Tether and Circle over the past week, and 10x Research believes continued momentum could spark a Bitcoin […]
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
