Circle CEO jerallaire said despite the perception his firm is focused on the United States, most USDC adoption comes from emerging and developing markets.
Cointelegraph reached out to Circle for further details on non-U.S. expansion but had not received a response at the time of publication.
Allaire's comments came amid an announcement from PayPal tha it is launching its own USD-pegged stablecoin, PayPal USD , where he congratulated the firm and Paxos, adding: "It's incredibly exciting to see such a significant internet and payments company entering the stablecoin space. This is what happens when we start to get regulatory clarity."
His comments also come amid a decline in USDC supply since the beginning of 2023, due to dwindling demand and an increase in redemptions. As a result, its stablecoin market share has shrunk to just 21% with a total circulation of $26.1 billion.On Aug. 8, Allaire also commented on concerns over USDC liquidity, confirming that redemptions were outpacing issuance stating, “Over the past month, we've issued $5B USDC, and have redeemed $6.6B USDC.
Allaire added that Circle’s global banking and liquidity network was expanding and the firm was working with “exceptional and high-quality banks in major regions around the world.”USDC banking is public and transparent, with 24/7/365 mint/burn, and wire settlement with nearly 90 countries.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Charles Ogletree, Harvard Law professor and mentor to the Obamas, dies at age 70 | CNNCharles Ogletree, the civil rights attorney and Harvard Law School professor who mentored the Obamas and represented clients including Anita Hill, Tupac Shakur and the victims of the 1921 Tulsa race riots, died on Friday, according to Harvard Law School.
続きを読む »
Charles Ogletree, longtime legal and civil rights scholar at Harvard Law School, dies at 70Ogletree represented Anita Hill when she accused Clarence Thomas of sexual harassment during his Supreme Court confirmation hearings in 1991.
続きを読む »
Here's How Different 40 Years Old Looks On 70 Celebrities Over The Last 60 YearsAs always with these things, Keanu Reeves wins.
続きを読む »
Curve Finance Sees 'About 70%' of Stolen Funds Recovered After Exploit: Nansen AnalystWhitehats hackers and attackers have returned over 73% of all funds stolen from Curve Finance after its early August exploit. Nansen analyst Sandra Leow recaps the events of what happened with Curve, which saw the platform lose millions of dollars worth of various tokens, causing contagion effects in the broader ecosystem.
続きを読む »
Goldman names stocks with the greatest alpha opportunities — including one with 70% upsideGoldman Sachs is providing ideas to outperform the stock market in the current economic climate, focusing on microeconomic factors dominating the market action in 2023.
続きを読む »