Base Network Gears Up For USDC Integration, Circle CEO Jeremy Allaire Confirms
Circle’s CEO Jeremy Allaire has announced that USDC will be launched natively on the Base Network platform next week. Allaire took to social media platform X (formerly known as Twitter) to share this news, emphasizing the benefits and implications of this integration. Circle also confirmed the announcement, stating that USDC issued by Circle will be considered the official form of USDC for the Base Network ecosystem. They further highlighted that native USDC will gradually replace the currently circulating bridged USDbC liquidity that originates from Ethereum. Base Network’s Native....
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The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%. The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether.The stablecoin landscape is a constantly-shifting dynamic but one trend has become clear over the past year or so — Tether’s dominance is diminishing.Its main rival, Circle, has just reached a milestone of 50 billion USDC in circulation according to CoinGecko and a Feb. 1 tweet by company co-founder and CEO, Jeremy Allaire.50 BILLION USDC (w/....
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.”
Circle Launches EUROC
Circle has announced the launch of the company’s second major fiat-pegged crypto asset called euro coin (EUROC). The announcement stemmed from Circle’s CEO Jeremy Allaire on Thursday who explained that EUROC already has “broad industry support.”....
Stablecoin company Circle seems to be making good strides in its goal of global USD Coin (USDC) adoption, having struck a new partnership deal with Mercado Pago, the “largest fintech company in the Latin American (LATAM) region”. This payment platform is a subsidiary outfit of retail giant Mercado Libre, which Circle CEO Jeremy Allaire referred […]
Jeremy Allaire is already pretty well known in the tech world, having played an integral part in the creation of ColdFusion, the Macromedia MX (Flash) platform, and online video platform Brightcove. However, he just stepped even further into the limelight. Allaire is now heading up a new company called Circle, which aims to take the bitcoin market by storm. It's made a mighty good start, too, having secured $9m in Series A funding - the largest amount ever raised by a bitcoin company. CoinDesk spoke to Allaire to find out what Circle is all about, where the name came from and just what,....
Does the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, however, is Circle. As the issuer of the well-regarded USDC, they have the reputation, the know-how, and the clientele to make this happen. Even with all of those advantages, it’s the market that will decide if the world needs Euro Coin. Related Reading | Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse On the project’s page, they describe it as, “Euro Coin (EUROC) is issued by Circle under the same full-reserve model as USD Coin (USDC), a....