Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Circle Kicks off 10-Year Anniversary in 2023 and 5 Years of USDC with Release of First Annual “State of the USDC Economy” Report and More

Published

on

 

Circle, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin, celebrates its 10 year anniversary in 2023 and five years since the launch of USDC. As part of the kick-off to mark the occasions, Circle is releasing the first-ever comprehensive report about the state of the USDC economy: “State of the USDC Economy — Welcome to the Utility Value Phase of Digital Currency.”

The report details why the company’s digital dollar is poised to absorb significant portions of the more than $2 trillion in payments industry revenue and become a new digital expression of the $21 trillion M2 money supply. It includes key details about the growth of USDC, the thriving ecosystem of developers building with USDC, and a macroeconomic analysis from Circle’s Chief Economist about why the speculative phase of digital currencies ended in 2022.

Also in recognition of the milestone year,  Circle is announcing new programs to engage developers and research academics and help drive toward the company mission:

  • Ten $10,000 USDC grants for students studying Web3 development. “Developers are essential to the success of USDC and the entire Web3 ecosystem,” said Allaire.  “We believe a million Web3 developers will rewire financial infrastructure to create a global, equitable, internet-native foundation for the frictionless exchange of value in the next few years and we want to invest in building  that knowledge,” said Allaire. Program details, including the opening of the application process this Spring, will be available in the coming weeks.
  • The Circle Insight Award. The first of its kind from Circle and in partnership with the Crypto and Blockchain Economics Research Forum (CBER), the financial awards will recognize exceptional academic papers that offer original, insightful approaches to solving practical issues with blockchain technology. The awards range from $5,000 to $10,000 and will be announced in May at CBER’s annual conference. The nomination form is available here.

“While the era of speculation on bitcoin and other crypto assets has come through a tumultuous year, digital currencies such as USDC herald the necessary shift into the utility value phase of blockchains and digital currency,” said Circle Co-Founder, Chairman, and CEO Jeremy Allaire. “In addition to being a milestone year for Circle and USDC, 2023 will mark the next evolution of money, payments, and finance, and as we have since our first days 10 years ago, Circle will lead the transformation of global financial infrastructure by leveraging digital assets like USDC and open, public blockchains.”

Advertisement

Blockchain

Trident Reports First Half 2024 Unaudited Financial Results

Published

on

Continue Reading

Blockchain

CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities

Published

on

corenest-capital,-sologenic’s-vc-partner,-invests-in-texture,-a-us.-based-broker-dealer,-to-launch-solotex,-a-new-platform-for-trading-tokenized-equities

Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.

Continue Reading

Blockchain

Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum

Published

on

bybit-strengthens-partnerships-and-explores-islamic-finance-innovation-at-exclusive-forum
Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE