USDC in the spotlight: latest news

Circle's CEO Jeremy Allaire announced the successful launch of the yen-pegged stablecoin JPYC in Japan, which has significantly enhanced cryptocurrency trading activities.

USDC and Tether together dominate 90% of the global stablecoin market. For long-term buy-and-hold investors, USDC is considered the superior choice.

A significant development in the cryptocurrency market has occurred with the minting of 250 million USDC. This large injection is expected to influence market dynamics and investor sentiment.

ClearBank and Circle have formed a strategic partnership aimed at enhancing access to USDC and EURC across Europe through compliant digital finance solutions.

In the last three hours, USDC Treasury has minted a total of 750 million USDC across three transactions, as reported by Whale Alert monitoring.

ClearBank has partnered with Circle to introduce USDC and EURC to Europe's banking infrastructure through MiCA-compliant blockchain payments.

USDC and Tether are both priced at $1; however, one of these stablecoins is currently a more advantageous investment.

USDC, a digital stablecoin, presents several advantages that make it a reliable investment option in the changing cryptocurrency landscape.

Circle has launched the public testnet of its Arc blockchain, attracting significant interest from major players in the finance and technology sectors, including BlackRock, HSBC, Visa, AWS, and Anthropic.

Coinbase CEO Brian Armstrong has announced a bold initiative to transition the entire startup lifecycle onto the blockchain, encompassing processes from incorporation to fundraising and public trading.

Remix has teamed up with VeeFriends to host a $5,000 USDC Game Jam, encouraging creators to develop AI-powered games featuring VeeFriends intellectual property. Details on how to participate are available.

The momentum for AIXBT against USDC is rapidly increasing. The price of $AIXBT has risen by nearly 47%, fluctuating between 0.0864 and 0.0916, while strong buying pressure is evident on the Bollinger Bands.

Coinbase shares surged after JPMorgan upgraded the stock, citing the expansion of the Base network and promising prospects for USDC monetization. The company's market capitalization is nearing $91 billion.

On-chain analyst Ai Aunt reported that the address 0xsun.eth opened a short position on Bitcoin after depositing 303,000 USDC as margin to Hyperliquid.

Zepz, the global remittance company known for WorldRemit and Sendwave, has expanded its blockchain presence by launching the Sendwave Wallet, which facilitates USDC transfers.

Coinbase stock has experienced a significant rise, surpassing $353, following an upgrade from JPMorgan, which raised its price target to $404. This positive outlook is attributed to the potential for monetization opportunities.

Coinbase and Cloudflare have launched the x402 Protocol, which facilitates instant $USDC payments directly through HTTP. This innovative technology integrates finance, artificial intelligence, and web infrastructure to enhance online transactions.

Circle has announced its investment in the Hyperliquid ecosystem while simultaneously launching its native USDC on the derivatives-focused protocol.

MasterBOT is a global digital currency exchange that provides cryptocurrency trading, advanced tools, and staking options suitable for both beginners and experienced traders.

According to official data from Jinse Finance, Circle issued approximately 6.2 billion USDC and redeemed about 5.6 billion USDC in the week ending October 23, resulting in an increase of around 600 million USDC in circulation.

Jinse Finance has reported that Faircaster announced on the X platform that the AI agent platform Bankr SDK now offers support for the X402 protocol and USDC.

Ethena's innovative dual stablecoin approach, featuring both synthetic and asset-backed options, poses a significant challenge to USDC's market dominance. With a market capitalization of $12.26 billion for USDe and strategic partnerships with Binance and Jupiter, Ethena is strengthening its position in the stablecoin market.

The circulation of USDC increased by $600 million in just one week, indicating a growing demand for stablecoins and enhancing market liquidity. This expansion of Circle's USDC may reflect broader trends in the cryptocurrency market.

JPMorgan has upgraded Coinbase's stock rating to "Overweight" with a price target of $404, citing the potential of the Base token and opportunities for restructuring USDC rewards.

In the week leading up to October 23, Circle issued about 6.2 billion USDC while redeeming around 5.6 billion USDC, resulting in an increase of approximately 600 million USDC in circulation.