$USDC

USDC Recent News

USD Coin (USDC), as the second largest stablecoin, has shown strong performance in the global market recently, with a market capitalization exceeding $62 billion, reaching an all-time high, and growing nearly 38.6% since the beginning of the year. According to Cointelegraph, the trading volume of USDC on Ethereum reached $908 billion, demonstrating its wide application in DeFi and everyday payments. Circle announced on May 14 the launch of native USDC on the Sonic blockchain, combining the Cross-Chain Transfer Protocol (CCTP V2) for seamless cross-chain transfers, enhancing the liquidity of stablecoins in decentralized finance.

Additionally, Opera launched a stablecoin application targeting the African market on May 15, supporting stablecoins like USDC, with 7 million users, particularly showing significant growth in Nigeria and Kenya, with transaction fees as low as $0.01, promoting the adoption of digital payments. African fintech companies like Flutterwave have also joined Circle's payment network, strengthening USDC's role in cross-border remittances.

In terms of regulation, USDC has been recognized by financial authorities in Japan and Dubai, becoming a benchmark for compliant stablecoins. However, the U.S. SEC's ongoing investigation into Circle and Coinbase's revenue-sharing model may impact future developments. With the stablecoin market expected to reach $2 trillion by 2028, USDC, with its transparency and institutional demand, is accelerating its challenge to USDT's dominance.

#USDC #Stablecoin #Digital Payments