USDC

USDC

Markets

Crypto Market Maker B2C2 Launches PENNY to Enable Instant, Zero-Fee Stablecoin Swaps

The institutional liquidity provider’s new platform says it will let users exchange stablecoins like USDT and USDC across multiple blockchains without fees.

DeFi networks are global. (NASA/Unsplash, modified by CoinDesk)

Markets

Stablecoins Surge to Record $314B Market Cap as Institutional Race Heats Up: Canaccord

Regulation and new players are driving stablecoin momentum and paving the way for a new internet “money layer,” the broker said

DeFi networks are global. (NASA/Unsplash, modified by CoinDesk)

Policy

Coinbase-Backed Pilot Program Hands Out $12,000 in Crypto to Low-Income New Yorkers

A new Coinbase-funded pilot in New York is exploring how crypto aid via dollar-backed stablecoin USDC could change the lives of young adult residents.

New York Skyline

Markets

Citizens Starts Circle Coverage With Market Perform Rating on Stablecoin Growth, Valuation

Circle is positioned to benefit from surging stablecoin adoption and supportive regulation, but the company’s valuation already reflects much of the upside.

Circle Internet President Heath Tarbert

Markets

Stablecoin Market Surges on U.S. Regulation, With Circle's USDC Gaining Ground: JPMorgan

The bank's analysts said the GENIUS Act has fueled a 42% jump in stablecoin growth this year, with Circle’s USDC chipping away at Tether’s dominance.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

Asia Morning Briefing: Native Markets Wins Right to Issue USDH After Validator Vote

Stripe-owned Bridge to manage reserves alongside BlackRock, with rollout starting in days.

(Arnaud Jaegers/Unsplash)

Tech

Popular DEX Hyperliquid Moves Forward to Launch Proprietary Stablecoin

A proprietary stablecoin could reduce Hyperliquid's dependency on USDC and potentially capture a part of the revenues from reserve assets.

U.S. dollar (Unsplash, modified by CoinDesk)

Finance

Finastra Taps Circle to Bring USDC Settlement to $5T Global Cross-Border Payments

Integrating USDC into Finastra’s payments hub aims to cut costs and speed up international transfers.

Circle's logo and name (Sandali Handagama/ CoinDesk)

Policy

Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access

A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.

JPMorgan CEO Jamie Dimon (CoinDesk Archives)

Markets

Asia Morning Briefing: Animoca Exec Says U.S. Heat Is Pushing China's Stablecoin Agenda

Beijing once warned of stablecoin risks. Now it’s turning to them to help stem the growth of U.S. dollar-pegged tokens in Asia.

Evan Auyang, president of Animoca Brands, speaks in an interview at the company's new Web3 workspace in Hong Kong (Chris Lam/CoinDesk)