Animalverse.social

Login Now

Create an account
  • Home
  • Blackmarketplace
  • Groups
  • Game
  • Member
  • Watch
  • Jobs
  • Bridge token
  • Login
  • Register

CoinMarketCap

Profile picture of CoinMarketCap

CoinMarketCap

@0x5ff81effcf75ab97714fc21b84c9ddfa7456f20f

Active 11 hours, 1 minutes ago
  • Activity
  • Profile
  • Shop
  • Friends
  • Groups
  • Forums
  • Media 143
  • 0

    Friends

  • 0

    Groups

My photos
  • We are back!
  • USDC Circulation Soars 78% in 2024 as Circle Secures Regulatory Approvals and Expands Partnerships Circle’s USD Coin (USDC) witnessed remarkable growth in 2024, with its circulation increasing by 78% year-over-year, according to a report shared by the stablecoin’s issuer. Circle’s USD Coin (USDC) witnessed remarkable growth in 2024, with its circulation increasing by 78% year-over-year, according to a report shared by the stablecoin’s issuer. The company's latest report revealed that over 500 million users now rely on the stablecoin, which operates across 16 blockchains and has facilitated more than $850 billion in transfers between fiat currencies. In November 2024, USDC’s monthly transaction volume surpassed $1 trillion, pushing its total historical transaction volume to over $20 trillion. The stablecoin has experienced rising adoption globally, partly due to Circle’s emphasis on compliance with international regulations. Circle became the first stablecoin issuer to secure a license under the European Union’s Markets in Crypto Assets (MiCA) framework in 2024. It also met Canadian listing rules, a move Circle’s Chief Strategy Officer Dante Disparte said ensures that digital dollars like USDC promote global economic inclusion. However, USDC still trails behind Tether’s USDT in market capitalization. Tether, which remains the most widely used stablecoin, saw a modest 50% market cap increase in 2024, ending the year at $137.5 billion. Meanwhile, USDC’s market cap grew from $24.4 billion to $43.9 billion, marking a 79% increase. Despite this surge, USDC remains about 22% below its all-time market cap high of $55.9 billion recorded in June 2022. Circle’s report pointed to partnerships as a key driver of USDC adoption. The company collaborated with Binance, the world’s largest cryptocurrency exchange, to enhance USDC’s availability for trading and payments. At Abu Dhabi Finance Week in December, both firms announced plans to support the stablecoin’s growth in digital financial services. In addition to Binance, Circle has worked with companies like MoneyGram and Chipper Cash to provide seamless on-ramps for converting USDC into local currencies. Coinbase, which co-founded USDC alongside Circle, also played a role in reshaping the stablecoin market in Europe. Coinbase’s European operation delisted USDT and other stablecoins that failed to meet MiCA compliance. A company announcement stated that regulatory rules necessitated the removal of certain digital assets from its platform. Circle highlighted further growth opportunities for USDC in areas like global payroll, supplier payments, and point-of-sale solutions. The firm’s euro-backed stablecoin, EURC, also gained traction in 2024, surpassing $1 billion in weekly transfer volume. Looking ahead, Circle expects increased regulatory developments in countries like the U.K., Brazil, Singapore and Japan. A spokesperson said these regulatory frameworks will help ensure stablecoin issuers operate under consistent, high standards worldwide. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
  • Winter got the market hibernating but my alerts stay wide awake for the next meta
  • Me after selling my 'dead' coins one day before revival:
  • Which ecosystem deserves a 5 review
  • N ow early adopters from 2010 must feel now...
  • 16 years ago today, everything changed. Happy birthday, Bitcoin
  • One of these coins is generational wealth, the others are generational trauma. Choose wisely...
  • Hong Kong Advances Stablecoins Bill in Legislative Council Hong Kong's proposed Stablecoins Bill has moved forward in the Legislative Council, signaling progress toward a structured regulatory framework for stablecoins in the region. Hong Kong's proposed Stablecoins Bill has moved forward in the Legislative Council, signaling progress toward a structured regulatory framework for stablecoins in the region. The bill was published in the Hong Kong Gazette on Dec. 6 and introduced to the Legislative Council for its first reading on Dec. 18. The legislation encompasses three critical components: licensing requirements for stablecoin issuers, restrictions on offerings and marketing, and enhanced consumer protections. If enacted, the bill mandates that all stablecoin issuers in Hong Kong obtain a license from the Hong Kong Monetary Authority (HKMA), the region's central banking authority. To secure this license, issuers will undergo an evaluation process that assesses their controllers, resources, and the mechanisms used to stabilize the value of their stablecoins. Only entities that meet regulatory standards will be permitted to issue or market stablecoins to the public. Consumer protections outlined in the bill aim to safeguard various market participants, including stablecoin issuers and distributors. This legislative effort reflects a broader trend observed in Europe following the implementation of the Markets in Crypto-Assets (MiCA) regulations. Research from Kaiko and crypto exchange Bitvavo indicates that the MiCA framework has significantly transformed the European stablecoin market, with compliant issuers gaining substantial market share. By late 2024, MiCA-compliant stablecoins were reported to control approximately 91% of the market, following the discontinuation of non-compliant offerings like Tether's euro-backed stablecoin. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
  • Memberships

Loading the member’s groups. Please wait.

Guest
Create an account