Good news for Stellar owners today, who through no effort of their own increased the value of their holdings by 10% in the past 24 hours. The value of a single Stellar, or XLM, is now $0.08.
The price hike could perhaps be attributed to Thursday's announcement that USDC, the US dollar-pegged stablecoin led by Coinbase and Circle, will integrate with the Stellar blockchain at the start of next year.
AD
AD
Announcing Circle's USDC support for Stellar across its suite of payments infrastructure APIs and business account products by Q1 2021 🚀 https://t.co/MrlQB4JTGA
This makes the Stellar blockchain, which is powered by the eponymous cryptocurrency that just rose by 10%, a popular choice for businesses seeking to integrate USDC. USDC is the only major US dollar-pegged stablecoin supported by the Stellar blockchain.
USDC, the US dollar-pegged stablecoin managed by Circle and Coinbase, is coming to the Stellar blockchain, Circle announced today.
Circle will add USDC support to Stellar’s vast array of products, among them payments tools, infrastructure APIs and business accounts products, by the first quarter of next year. That means that these businesses can soon start using the Stellar-ized version of USDC.
Announcing Circle's USDC support for Stellar across its suite of payments infrastructure APIs and b...
With a market cap of $2.7 billion, USDC is the bigger fish; Stellar's market cap is $1.6 billion. Stellar is USDC's third "official" blockchain alongside Ethereum and Algorand.
“The addition of USDC to Stellar will allow us to continue to expand our global reach in pursuit of this mission while opening up new avenues for growth and innovation for the developers and businesses building on the network,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, in a statement following Thursday's announcement.
USDC is breaking up with Ethereum—or, at the very least, it’s time to start seeing other blockchains.
Centre, the collaboration between Coinbase and Circle that administers the USDC stablecoin, announced Wednesday a framework for multi-chain support for USDC. Algorand will be the first non-Ethereum blockchain to deploy support for USDC, the first in what’s likely to be a long line of protocols interested in integrating the world’s second-most popular stablecoin.
Exciting milestone for Circle an...
Trading volumes for XLM more than doubled in the past 24 hours. Yesterday, traders shifted $127 million worth of the cryptocurrency; today, the trading volume for Stellar in the past 24 hours is $274 billion.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Stay on top of crypto news, get daily updates in your inbox.
Top college football prospect Matai Tagoa’i is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin.
The linebacker will be paid part of his earnings via the Strike app after signing a “name, image, and likeness” (NIL) deal with the University of Southern California (USC).
The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy.
The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin.
One of those fundamentals is Bitcoin’s 21 million fixed token supply.
While the video explains t...
El Salvador may have reached a deal with the International Monetary Fund that will see the tiny country scale back its Bitcoin law—but it’s still going to “HODL.” And it might even step up its BTC buys.
That’s according to Stacy Herbert, the head of El Salvador’s National Bitcoin Office, who wrote on X (formerly known as Twitter) Thursday that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward.
El Salvador in 2021 made Bitcoin legal tender along with...
