Circle launches USDC stablecoin on Mercado Pago in Chile
The partnership will purportedly bring USDC to 2 million users in Chile.
The partnership will purportedly bring USDC to 2 million users in Chile.
Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.
This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange.
Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity.
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down.
The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.
Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.
Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said.
Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.
According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs and China-based firm Kanzhun.