Tether's expanding user base amid a cooling stablecoin market highlights its role in providing liquidity in emerging economies. Tether's USDT gains 1.6M holders in past week, outpacing USDC by nearly 3x.
The rapid minting of stablecoins by Circle and Tether underscores the growing demand for blockchain-based liquidity, impacting global financial systems. Circle and Tether mint $3B in stablecoins in 2 days.
Elon Musk's X has begun exploring USDC and other stablecoins as possible payment methods for creators while preparing to replace its existing revenue-sharing system.
Shares of Circle Internet Group (CRCL) posted impressive gains on August 19, advancing 9.56% to close at $78.59 in regular market hours. The momentum continued into extended trading, with shares adding another 2.37% to reach $80.45.
Coinbase will offer direct USDC trading in Brazilian reals (BRL) within its Advanced platform, eliminating one step from the conversion process and reducing by 85% the onboarding cost of USDC via BRL for users in Brazil. The announcement was published by Fabio Plein, director of partnerships at the company.
Kyriba's USDC integration signifies a shift towards real-time financial operations, enhancing liquidity management and accelerating enterprise crypto adoption. Kyriba integrates USDC for enhanced treasury management.
The new term opens 60- and 90-day cure paths, followed by possible exclusions and up to 12 months of payments.
Coinbase warned later Noble deposits may not be recoverable, while its notice left the cutoff's clock time unspecified.
Your look at what's coming in the week starting Aug. 17
The new staking campaign follows Real's Genesis program, where more than 2.8 million $ASSET was staked across 145 wallets.
BOB said that BOB Gateway added 14 new USDC and USDT routes across Ethereum, Arbitrum, Base, BNB Chain and Avalanche. The expansion covers eight same-asset bridges and six cross-chain swaps, making stablecoin movement across networks a larger part of the Gateway's core routing layer for apps and users.
Decta will use USDC through OpenPayd to settle funds internationally, aiming to improve treasury speed, liquidity management and resilience without changing customer-facing payments. OpenPayd will convert Decta's funds into USDC through regulated infrastructure and over-the-counter capabilities, supporting international operational settlements across the payments company's entities.