🔄 Ripple's Acquisition Attempt Rejected:
Ripple attempted to buy Circle, the issuer of USDC, with a $4-5 billion bid. The offer was rejected by Circle as being too low. This development shows Ripple's desire to become more dominant in the stablecoin market, perhaps threatening Tether's dominance.
💳 Visa and Baanx Launch USDC Payment Cards:
Visa and Baanx have launched payment cards through which users can spend USDC directly from their crypto wallets. These cards use smart contracts to power the transactions, making USDC more useful in daily payments.
🌍 Circle Integrates USDC with World Chain:
Circle has integrated natively USDC and its Cross-Chain Transfer Protocol (CCTP) V2 on World Chain, a blockchain specializing in human-focused financial ecosystems. The integration serves to enable speedier, more affordable, and more secure cross-chain transactions for World Chain's 25 million users.
📈 USDC Market Capitalization and Volume of Trade:
USDC is pegged at $1.00, with a trading volume over a 24-hour period of about $5.97 billion and a market capitalization of around $61.5 billion.
