In 2024, stablecoins, particularly Tether and USDC, are expected to dominate payments and trade due to regulations and potential rate cuts by the Fed. Circle's USDC has seen significant growth, with over $197B in banks and blockchain transfers, 595M transactions facilitated, and 2.7M wallets with a balance of $10 or more. There's a strong possibility of the U.S. passing stablecoin laws, as indicated by Circle CEO Jeremy Allaire. Chainlink has integrated with Circle's CCTP protocol for cross-chain USDC transfers.
#Chainlink CCIP has officially integrated @circle's CCTP to support cross-chain $USDC transfers 👀 CCIP + CCTP are like two pieces of a complete puzzle, fitting perfectly together How? The Cross-Chain Transfer Protocol (CCTP) is a service operated by @circle (the issuer of… https://t.co/Md3Rgwe8xB
Chainlink integrates with Circle’s CCTP protocol for cross-chain USDC transfers https://t.co/tiSODmnUBT
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP) to make it easy for users to transfer USDC across chains. @LedesmaLyllah reports. https://t.co/yFcFcJMagF
#Chainlink CCIP now supports cross-chain USDC transfers through a new integration with @circle Cross-Chain Transfer Protocol (CCTP). CCIP's defense-in-depth infrastructure helps ensure that cross-chain USDC transfers are supported by the highest possible level of security.… https://t.co/SDID1figvG
'Very good chance' US will pass stablecoin laws in 2024: Circle CEO https://t.co/V1NJSnBRQX
USD Coin (USDC) stablecoin issuer Circle has updated its stablecoin to version 2.2 https://t.co/nhaBQ37u4m
#Circle Completes #USDC Upgrade 2.2 Rollout https://t.co/JbHPCr0ydO
📣 Latest News: Circle CEO sees ‘very good chance' of stablecoin laws this year: Report #news #cryptonews #crypto #stablecoins
There’s a “very good chance” the United States could approve stablecoin laws in 2024, says @circle boss @jerallaire. https://t.co/4nM04x8zkD
Circle CEO Jeremy Allaire said that the United States is very likely to pass specific laws targeting the stablecoin market this year. The U.S. government, the Treasury Department, the Federal Reserve System and both houses of Congress share this will. https://t.co/n4JQeAEwjw
#Circle Completes #USDC Upgrade to Version 2.2 https://t.co/JbHPCr0ydO
Circle has released its 'State of the USDC Economy' report highlighting the stablecoin’s growth and changes since its launch in 2018. Even as its market cap has plummeted, the number of wallets holding USDC has grown by 59% in the past year to 2.7M. https://t.co/0FIsEwFBm6 https://t.co/kBG8TlF1am
JUST IN: 'Very good chance' that U.S. passes stablecoin laws this year for the $135.3 billion market - CNBC https://t.co/sTAFIIldEj
'Very good chance' that U.S. passes stablecoin laws this year, Circle CEO says https://t.co/ZLTEjk9Ruo
New @Circle USDC report found during 2023: - Circle had over $197B in banks and blockchain transfers - USDC facilitated over 595M txns - Total circulating USDC supply fell from $45B to $25B - About 2.7M USDC wallets had a balance of $10 or more, up 59% in the past year
.@circle says its stablecoin USDC is used for more than just speculative trading in Asia, and has new use cases for things such as remittances and trade finance, @thesamreynolds reports. https://t.co/brJV2IQ9le
We just wrote an article... It's about how $USDC is magically 'teleported' across blockchains using Orderly with @circle's CCTP 🌐 No more wrapped assets and traditional bridges. Learn how it works in this article 👇 https://t.co/fgHhssz1Wp https://t.co/uet271rs5h
In conclusion: In 2024, stablecoins will lead payments and trade, thanks to: regulations! Tether and USDC will 'reign', especially if the Fed 'favors' us with rate cuts.