Circle's USDC stablecoin is being adopted by major retail platforms like Shopify, alongside legislative developments.
1 report, 0 independent
Updated Jun 22
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What happened
Circle's USDC stablecoin is being adopted by major retail platforms like Shopify, alongside legislative developments.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Circle
peer-to-peer payments technology company
- Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.
- Hana Bank is participating in a settlement network trial involving the Bank of Korea, while Binance announces a $100M investment to promote Circle's USDC.
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Shopify
Canadian e-commerce company
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Ripple
creator and a developer of the Ripple payment protocol and exchange network.
Related events
- MoneyGram chose Circle's USDC for payments, amidst intense stablecoin market competition and the dissolution of past partnerships.
- Coinbase is listed on Nasdaq, while Circle's USDC funds a quarter of Coinbase's revenue. The Senate failed to pass the CLARITY Act, amidst FED rate impacts.
- Industry leaders like Circle, Stripe, Robinhood, and Coinbase are exploring proprietary blockchain solutions to meet the demands of decentralized payments.
- Ripple's institutional brokerage arm is utilizing the XRP Ledger for its operational activities.
- FED interest rates are affecting crypto markets, while expert Adam Posen analyzes the Fed's soft landing strategy. Meanwhile, specific developments include EU mandates on crypto platforms and the renewal of the USDC collaboration between Coinbase and Circle.
Coverage
Newest first; wire copies grouped- Unknown outlet