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The bid to introduce human-readable addresses as an alternative to the usual lengthy alphanumeric crypto wallet address system is set to achieve another milestone following the recent partnership between Circle and Unstoppable Domains.According to an announcement issued on Wednesday, Unstoppable Domains, a blockchain domain name provider, and USD Coin (USDC)
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Earlier, the co-founder and CEO of Circle Jeremy Allaire lauded the deal between Circle and Crypto.com, saying that this partnership will fuel crypto adoption globally.A little over a month ago, the leading cryptocurrency exchange Crypto.com announced its partnership with Circle which would allow it to facilitate the deposit and withdrawal
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The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin (USDC), meaning that users can withdraw the stablecoin and receive U.S. dollars at a one-to-one ratio directly to their bank account.The announcement comes just over a month after the platform launched support for USDC deposits, following a
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Derivatives exchange Bitget is set to become one of the first exchanges to list USD Coin (USDC) as collateral for trading crypto derivatives.The development comes courtesy of a strategic collaboration between the Singaporean crypto derivatives trading service and USDC stablecoin issuer Circle, as reported by Crowdfund Insider on Monday.Bitget will
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Payments fintech company Circle revealed a breakdown of the assets backing the dollar-pegged stablecoin USDC, as part of efforts to ensure transparency and accountability. Assets Backing USDC Stablecoin In an attestation report by major accounting firm Grant Thornton, the company revealed the reserves backing USDC. A total of 22,176,182,251 USDC was in
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A Twitter user, however, countered Allaire’s opinion on USDC and PayPal.The CEO and co-founder of Circle Jeremy Allaire is confident in the USD Coin (USDC) and believes that the coin is about to exceed PayPal Holdings Inc (NASDAQ: PYPL). According to Allaire, Circle’s USDC is on the way to surpass
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Balances of dai (DAI) and USD coin (USDC) on exchanges reached new all-time highs in the past week, according to data from Glassnode.The increase may be a bullish indicator for the crypto market as a whole if it reflects buyers’ plans to use the two stablecoins to buy more crypto
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Adult entertainment website Pornhub, which last month was booted off mainstream payment networks, is now accepting payment in a cryptocurrency others are shunning: XRP.Along with XRP the massive video site began taking payments in USDC stablecoins sometime in the past month, according to The Block. Also being accepted for payment
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Visa on Wednesday said it is linking its payments network of 60 million merchants to the USDC stablecoin developed by Centre, the consortium founded by Circle and Coinbase. The news was first reported by Forbes. UPDATE (Dec. 2, 15:15 UTC): Added a comment from Circle and confirmation from Visa.UPDATE (Dec.
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Centre Consortium, the company behind USD Coin, has hired former State Street and JPMorgan executive David Puth as its new chief executive officer, or CEO. Centre made the announcement early Tuesday in a Medium post that praised Puth for his leadership credentials. The new hire will help Centre expand its global
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