Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
Cryptopolitan 2025-01-31 00:17:10

USDC gains another step on Tether’s USDT market with Aptos mainnet launch

USDC gains another step on Tether’s USDT market with Aptos mainnet launch

Circle’s bid to push its USD Coin (USDC) to the fore as a leading stablecoin option got a boost following the launch of the coin on the Aptos mainnet network. Aptos is a fast-growing layer-1 blockchain network, and the biggest compliment to its reputation could be its “Solana killer” nickname. It claims to be an upgrade on existing blockchain platforms with its solutions to enhance scalability, security and user experience. The Aptos platform supports over 200 decentralized applications ( dApps ), with over $1 billion in total value locked (TVL) and a stablecoin market cap of approximately $780 million. USDT holds a 75% share of the stablecoin in circulation on the network. Before the integration, the USDC on the platform was bridged from other networks. Financial institutions can now also interact with USDC liquidity and benefit from Aptos’ network. USDC launch on Aptos Circle announced in November 2024 that it would launch on the Aptos network. Now, two months later, the company announced on its website that its stablecoin is now available on the Aptos mainnet. With the integration, USDC is now accessible to developers and users with no bridging required. USDC is the world’s largest MiCA-compliant dollar stablecoin. The token’s availability on the Aptos layer-1 network could open more growth opportunities for the Circle-issued stablecoin. Aptos has a $4.54 billion market cap, which is a reflection of its success in supporting developers to build apps for various use cases. Apps on the network include DeFi, peer-to-peer payments, cross-border remittances, and much more. Some of the top applications in the Aptos ecosystem include Aries Markets, Thala, KGen, and Cellana Finance. The Aptos network has a bridged form of USDC circulating known as IzUSDC. It is bridged from Ethereum through the AptosBridge. The growth of the bridged version is possible due to bridge providers such as Stargate. The popularity of IzUSDC was a major factor in Circle’s decision to bring native USDC to the Aptos mainnet network. At present, lzUSDC is not issued by Circle and is not compatible nor redeemable with Circle Mint. However, the Aptos team and bridge providers will be working to help facilitate the migration from lzUSDC to native USDC over time. Circle gains ground on Tether Circle, the stablecoin issuer has witnessed a recent boost in the European market due to several factors. High on the list is that it has achieved full compliance with the European Union’s Markets in Crypto Assets (MiCA) regulatory framework. MiCA is a regulatory body that requires issuers of stablecoins to meet strict transparency, liquidity, and consumer protection standards. On the other hand, Tether’s USDT did not meet the MiCA standards required to continue operating in Europe. Tether’s market cap dropped from $140 billion to $137 billion following MiCA regulations implementation, which started on December 30, 2024. ` Circle’s collaboration with Aptos is an apparent move to close the gap on Tether’s USDT. Tether announced a similar integration last year, but with USDC on the “Solana killer” layer-1 network, USDT’s 75% dominance could be under threat. Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.