Circle and Tether, the leading stablecoin issuers, minted $3 billion in new tokens over two days, reflecting ongoing high demand for dollar liquidity on blockchain networks. Tether added $1 billion to its USDT supply, now around $183 billion, while Circle's USDC supply rose modestly by $100 million to about $71.9 billion due to heavy minting and redemption activity. This rapid minting highlights the critical role of stablecoins in supporting institutional trading, settlement, and treasury operations. Together, USDT and USDC circulation exceeds $250 billion, underscoring their dominance in digital dollar liquidity.
Nu Holdings, the fintech behind Nubank, has launched Nu Global, a multi-currency digital account that converts deposits into USDC and EURC stablecoins. This launch marks Nu's entry into the US market and supports over 140 million customers with fee-f...
MoneyGram has introduced a new Visa debit card powered by the Stellar blockchain, launching first in Colombia. The card allows users to spend USDC stablecoins instantly at any Visa-accepting retailer, with automatic conversion to local currency at ch...
Injective has launched native USDC on its mainnet using Circle's Cross-Chain Transfer Protocol (CCTP), becoming the canonical USDC standard across the Cosmos ecosystem, including major players like Cosmos Hub and dYdX. This move fills the gap left by...
Tether's USDT and Circle's USDC together control about 85% of the stablecoin market, with a combined supply of roughly $257.7 billion out of a $302.9 billion total market cap. USDT leads with 60.5% share, while USDC holds 24.5%, serving different rol...
