$94,040.00
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0.00%$0.170202
-5.11%$0.677678
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0.70%$3.17
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0.25%$4.33
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0.00%$29.04
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-6.04%$5.18
-4.45%$51.18
-1.33%$350.15
-7.16%$1.049
-0.02%$2.43
-6.84%$0.899601
-6.59%$21.53
-2.55%$4.83
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0.00%$16.55
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-0.08%$0.729758
-0.93%$158.81
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-9.36%$4.25
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0.22%$1.17
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-3.41%$4.29
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0.62%$0.442662
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2.02%$0.0177001
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5.75%$1.30
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1.39%$94,062.00
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0.22%$1,872.01
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0.02%$2.02
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2.00%$0.535173
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0.01%$93,855.00
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0.00%$1,842.92
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0.01%$1.53
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19.46%$0.084303
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8.02%$1,761.45
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2.49%$0.36371
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1.06%$31.36
5.61%$0.543545
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0.01%$0.00005988
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0.09%$1,795.38
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0.01%$0.708831
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4.58%$0.50813
-11.15%$0.139456
0.05%$0.23395
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1.05%$1,862.77
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-7.72%$1,928.06
-3.49%Reading
Fintech company Circle is adding its crypto stablecoin, the US Dollar Coin (USDC), to the Polygon blockchain.
With Polygon USDC, users won’t have to bridge their USDC from Ethereum’s mainnet to Polygon. The Ethereum-Polygon bridge is cumbersome for many because it’s slower than typical ETH transactions and incurs Ethereum mainnet gas fees.
Circle CEO and co-founder Jeremy Allaire shared in a statement his reasoning behind why the company is adding USDC to Polygon, which now features roughly 20,000 dApps.
When Terra and its UST stablecoin collapsed last week in tandem with a marketwide crypto crash, things looked very shaky for crypto in general and stablecoins in particular. But the crash produced at least one winner in terms of market cap and, potentially, reputation: USDC stablecoin. As UST was headed for zero and USDT (Tether) was processing billions in redemptions, USDC was padding its market cap. At the start of the crash on May 8, USD Coin had a market capitalization between $48 billion an...
“Supporting Polygon USDC in the Circle Account and Circle APIs is another step toward making USDC interoperable across more leading blockchains, helping foster greater adoption for dollar digital currency on the internet,” Allaire said.
While Polygon-native USDC may be new, USDC isn’t—$110 million was poured into its creation by venture capitalists in 2018.
Today, USDC exists as a multi-chain stablecoin. It can be used on Ethereum’s mainnet, Algorand, Solana, Stellar, Avalanche, Flow, Tron, Hedera, and now Polygon.
Decrypt and Yahoo Finance present: Crypto Goes Mainstream, an afternoon of live conversations with some of the biggest names in crypto to talk investing, mass adoption, NFT collecting, and how to get started with Web 3. November 9, 2021 in Brooklyn.
Polygon Technology’s Enterprise Lead Antoni Martin told Decrypt in an interview that he believes Polygon USDC will help smooth over Polygon’s fiat onramp and user experience. It will also be integrated for automatic payouts.
“In the mid/long term, we see this option as a very good move for international trade, for remittances for different countries,” Martin added.
Circle’s addition of USDC comes shortly after Tether added its stablecoin, USDT, to Polygon in May.
A new survey by blockchain analytics firm Nansen and on-chain UX platform Reown has found that 62% of crypto users manage two or more wallets, up 15% from the previous year. The YouGov survey of 1,000 active crypto users in the U.S. and UK points to a fragmented crypto ecosystem, with 48% of users needing to use multiple wallets to access different networks and chains. Crypto users are also increasingly security-conscious, with 44% using multiple wallets as a security measure, up from 32.8% the...
Nasdaq has applied to the U.S. Securities and Exchange Commission for a rule change that would allow the exchange to list shares of a 21Shares exchange-traded fund based on the price of Dogecoin, according to a filing Tuesday. The 21Shares Dogecoin ETF would track the popular meme coin’s price, mirroring spot Bitcoin and Ethereum ETFs that gained approval last year, according to the 19b-4 document. 21Shares followed crypto asset managers Grayscale and Bitwise as Dogecoin ETF hopefuls, filing an...
El Salvador’s Bitcoin accumulation quietly persists under IMF watch. While President Nayib Bukele’s government formally paused its Bitcoin acquisitions by public sector entities to satisfy International Monetary Fund (IMF) loan conditions, the country's Bitcoin Office continues to quietly expand the country’s national reserves. In the past month, El Salvador added another 32 BTC worth more than $650,000, bringing its total holdings to 6,161.18 BTC valued at roughly $584 million, consistent with...
