Payments platform Decta has integrated USDC into its internal treasury operations to settle company funds internationally through OpenPayd, without adding stablecoins to its customer-facing payment services.
Bitwise's Ryan Rasmussen says investors are underestimating Circle as stablecoins expand and the company builds out its payments infrastructure.
Dollar-backed stablecoins have become the dominant payment method for crypto cards, with USD Coin (USDC) and Tether (USDT) accounting for roughly 84% of total card spending. The surge marks a dramatic reversal from early 2024, when euro-denominated stablecoins controlled most of the market.
The dominance of dollar-pegged stablecoins in crypto card spending highlights shifting global financial dynamics and regulatory influences. EURe's share of crypto card spending drops to 2% as USDC leads.
Circle has renewed its longstanding USDC partnership with Coinbase on existing terms, preserving a key distribution channel for the stablecoin. The company also ruled out quarterly dividends, saying capital can generate stronger returns by funding growth.
Circle issued its native stablecoin on X Layer, the Layer 2 network built on Ethereum developed by the OKX platform. The integration activates the CCTP protocol, allowing direct burning and minting of tokens at a 1:1 ratio across compatible chains. The X Layer network will temporarily maintain support for the bridged version (USDC.
Circle's Agent Stack could redefine economic interactions by enabling AI agents to autonomously manage finances, potentially transforming digital commerce. Circle launches Agent Stack to make USDC the default currency for AI agents.
Circle has launched native USDC and its Cross-Chain Transfer Protocol on OKX's X Layer, giving developers and businesses direct access to the regulated stablecoin across payments, DeFi and automated applications.
The rollout gives X Layer users access to Circle-issued USDC and crosschain transfers as the stablecoin expands across major blockchain ecosystems.
Circle's integration of native USDC on X Layer enhances DeFi, cross-chain transfers, and AI payments, boosting blockchain interoperability. Circle integrates native USDC and CCTP on X Layer blockchain.
Circle says USDC is the only one of the world's ten largest stablecoins that currently complies with the European Union's Markets in Crypto-Assets (MiCA) regulation. If accurate, the claim means the EU's roughly 450 million residents no longer have regulated access to most major dollar-backed stablecoins, including Tether's USDT.
Circle's Discovery API could accelerate AI-driven commerce, enhancing USDC's utility and potentially reshaping stablecoin market dynamics. Circle's Discovery API lets AI agents find and pay for services using USDC.