Sony Electronics Singapore partnered with Crypto.com to enable USDC payments, highlighting a growing trend of stablecoin adoption in the region.
USD Coin (USDC) Crypto News Today
Get the latest news on USD Coin (USDC), which is a stablecoin pegged to the value of the U.S. dollar, providing stability and liquidity within the volatile crypto market.
Constructed using Centre Consortium’s open-source stablecoin framework, USD Coin is reportedly backed by a combination of U.S. dollars and short-dated U.S. government obligations, with each unit of USDC statedly redeemable for $1
Although USDC aims for a steady value of $1, its price has fluctuated in the past.
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USDC stablecoin issuer Circle has filed to go public in late April on the New York Stock Exchange under the ticker “CRCL.”
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Circle announced that its USDC stablecoin will launch on Japan’s SBI VC Trade crypto exchange on March 26.
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A crypto trader fell victim to a sandwich attack on March 12, losing over $215,000, and one industry pundit suspects they may have been attacked another five times on the same day.
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“Every single business or political meeting that they have culminates with this intent,” Ardoino said on X.
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The US dollar dominates the stablecoin industry, but that can soon change, according to former Binance.US CEO and 1Money founder Brian Shroder.
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The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion.
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Coinbase vice president Max Branzburg said the product demonstrates the exchange’s “commitment to economic freedom.”
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Learn how to buy USDC on the Base Network with this step-by-step guide, which covers the essentials, including wallets, buying USDC and bridging to Base Network.
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The stablecoin is also more widely distributed across blockchain networks.
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The integration requires no action from app developers and is currently live for all users.
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Some Coinbase users are airing frustrations at the region’s MiCA laws, which are forcing the exchange to stop offering yields on USDC in the European Economic Area.
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Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
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Stripe introduces USDC payments, marking a significant moment for crypto adoption as stablecoin transactions see global demand.
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The billionaire mogul’s opinion comes as he ramps up his support for Republican candidate and former US president Donald Trump.
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