#StablecoinPayments
Currency $USDC #Continuing to strengthen its position in the cryptocurrency market as one of the most widely used and reliable stablecoins
In a recent development, Circle (the issuer of USDC) rejected a takeover offer from Ripple worth up to $5 billion, affirming its confidence in its future and independence
Circle is also preparing for a public listing on the New York Stock Exchange coinciding with a noticeable global expansion highlighted by its partnership with Onafriq to enhance the use of USDC in Africa and launch a new payment network to enable fast international transfers
On another front, Visa has partnered with Baanx to launch cards that allow spending USDC directly, marking a significant step towards integrating stablecoins into everyday economics
The current supply of the currency has reached $61 billion, a figure that reflects strong growth in institutional demand @