#StablecoinPayments Here is a summary of the latest news about the USDC (USD Coin) as of May 1, 2025:
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🏦 1. Ripple's acquisition offer rejected
Ripple made an offer between 4 and 5 billion dollars to acquire Circle, the issuer of USDC, but the offer was rejected as it was considered low. This action comes as Circle prepares to list its shares on the New York Stock Exchange under the trading symbol "CRCL".
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🌍 2. Circle's expansion in the Middle East
Circle obtained preliminary approval from the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM) to operate as a financial services provider, paving the way for the expansion of its operations in the Middle East region.
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💳 3. Launch of payment cards linked to USDC
Visa and Baanx announced the launch of payment cards that allow users to spend USDC directly from their digital wallets, using smart contracts to convert the balance during transactions.
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🔄 4. USDC listing on the Sonic network through Binance
The Binance platform completed the integration of USDC into the Sonic network, allowing users to deposit the currency on this network. However, it is noted that this version of USDC is managed by Sonic Labs and is not directly issued by Circle.
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📈 5. Growth in USDC supply
The supply of USDC has increased to nearly 61 billion dollars by April 2025, compared to 44 billion dollars at the beginning of the year, reflecting an increase in institutional demand for the currency.
