Circle Internet Financial, now the sole organization in charge of managing USDC, is set to announce the stablecoin will be launching on six new blockchains that include Polygon PoS, Base, Polkadot, NEAR, Optimism and Cosmos via the Noble network, according to a person familiar with the matter.
Earlier this week, Circle and Coinbase said they had reorganized their relationship with regard to USDC. Besides disbanding the Centre Consortium, which had managed the governance of USDC since its founding in 2018, Coinbase also acquired a stake in Circle.
USDC was already available on Ethereum, Avalanche, Arbitrum, Stellar, Algorand, Tron, Flow, Solana and Hedera. The addition of more blockchains could boost adoption of the stablecoin.
While USDC has been losing market share, the world's biggest stablecoin issued by Tether has been asserting its dominance. Additionally, Silicon Valley payments firm PayPal has launched its own stablecoin.
Coinbase and Circle have little influence over what people's preferred stablecoins are, argues Avivah Litan, a senior blockchain industry analyst with Gartner who is dubious adding more protocols will make a difference.
"The bottom line is money is flowing out of the chains, and support for more chains won’t make it flow in," she added.
source:theblock
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023