USDC remains stable at $1.00 USD (₨281.82 PKR), with a market cap of $58.76B and 24-hour trading volume of $7.40B.
Key developments:
• Circle & Onafriq Partnership: Circle has teamed up with Onafriq to reduce Africa's $5B cross-border payment costs by integrating USDC into Onafriq's network, connecting over 200 million bank accounts across 40 countries.
• Ripple's Acquisition Bid: Ripple's $4–$5B offer to acquire Circle, the issuer of USDC, was rejected, indicating potential shifts in the stablecoin market.
Stay tuned for more updates on USDC's role in global finance.