Shares of Circle Internet Group ($CRCL) jumped 7.7% in the latest session to close at $99.70, signaling renewed confidence after the stock pulled back from its recent peak near $135. The rebound is drawing attention not only for the price action but also for what appears to be intensifying 'institutional demand' tied to stronger-than-expected earnings and continued expansion of the USDC ecosystem.
Libra launched in 2019, rebranded to Diem, and sold its blockchain assets to Silvergate Bank in 2022, three years of work that ended when regulators pushed back, and bank partners withdrew. On Apr.
Meta has launched a USDC payment feature for select creators, marking the company's first known integration of stablecoin-based payouts into its creator monetization infrastructure. The feature is currently limited to a restricted group of creators rather than available platform-wide.
Coinbase has partnered with Nium to enable global payments using USD Coin, expanding stablecoin use in cross-border transactions. The integration reflects growing demand for faster settlement and reduced reliance on traditional banking infrastructure. Key Takeaways: Coinbase expands USDC payments through Nium's network across 190+ countries.
The circulating supply of USDC fell by approximately 700 million over the past seven days, bringing the total to roughly 78 billion. The decline, amounting to about 0.9% of the prior week's level, signals that redemptions outpaced new issuance during the period.
Unified Balance Kit simplifies USDC across chains with instant transfers via Circle Gateway SDK
The cryptocurrency exchange KuCoin has introduced KuCard to the Australian market, allowing users to make purchases using USDC through Mastercard‘s extensive payment infrastructure. This development represents a meaningful advancement in practical cryptocurrency utilization, removing barriers between digital currencies and traditional commerce.
The adult platform's stablecoin switch signals a broader shift toward regulated crypto payment solutions.
Hacks no longer just weaken DeFi, but they are already reshaping the stablecoin market balance. In just a few days, a series of major attacks triggered a massive shift of capital towards assets perceived as the safest.
Singapore-based fintech firm Nium has partnered with Coinbase to bring USDC-powered cross-border payments to its global network.
Nium selects Coinbase to integrate USDC payments, enabling stablecoin funding and fiat payouts across 190 countries.
Nium integrates Coinbase's infrastructure to enable USDC-based cross-border payments, allowing businesses to settle in fiat or stablecoins without relying on prefunded accounts.