Cosmos Opens Doors To Circle's Native USDC Through CCTP

Circle (CRYPTO: USDC), the issuer of USDC, plans to venture out on Cosmos through its cross-chain transfer protocol system. This is expected to make transfers seamless and benefit USDC's market cap.

Timeline of Cosmos, Usd-coin

At the Cosmoverse 2023 Conference, held in Istanbul on Oct. 2, 2023, the team of asset-agnostic L1 platform Namada shared the details of its latest milestones and invited developers and enthusiasts to take part in the newly launched testnet.

Key Points: Circle has made significant moves in the cryptocurrency market by issuing and repurchasing a substantial amount of USDC over the past week. These actions have resulted in an increase in USDC circulation by $100 million.

FinTech company and issuer of USD Coin (CRYPTO: USDC), Circle introduced the native stablecoin liquidity access on the Layer-1 Blockchain NEAR (CRYPTO: NEAR) protocol ecosystem. Circle has officially issued Native USDC and is always redeemable 1:1 for U.S. dollars.

As the list of Web3 players is growing, the Kresus crypto SuperApp has extended its crypto cash-out service, allowing users to off-ramp at 0% fees when they withdraw USDC through integrating with Coinflow Labs. On- and off-ramp processes are one of the weak links connecting the crypto economy to the broader financial system.

Our column dedicated to in-depth analysis of the crypto world continues, and today we are going to analyze the prices and related news of the assets of Cosmos (ATOM), Shiba Inu (SHIB) and Polygon (MATIC).

Coinbase is now offering up to a 5% interest rate on any USDC held on the exchange, up from the 4% introduced earlier in the year. Based on historical data from the company's website, the increase marks an impressive 150% bump from the 2% reward rate on USDC that was active as of June 9.

In a recent revelation, Michael Barr, a vice chair for supervision at the US Federal Reserve, has voiced apprehensions over the growing influence of unregulated stablecoins pegged to the US

Krafton, the game development company renowned for its popular battle royale game PUBG: Battlegrounds, has announced plans to launch Settlus, a layer 1 blockchain utilizing the Cosmos SDK.

USDC stablecoin issuer Circle is likely set to make a big announcement soon following the recent revelation that US-based crypto exchange Coinbase acquired a stake in the company. The deal announcement came at a crucial time when the US lawmakers are working on a bill to regulate the stablecoin market.

Circle, the creator of USDC stablecoin, is expanding its reach to six new blockchain ecosystems, including Base, Cosmos via Noble, NEAR, Optimism, and Polkadot, solidifying its market leadership.