First Mover: PayPal Rushes In and Bitcoin Breaches $12K, While USDC Gains on Tether
PayPal gets conditional N.Y. state license for crypto. Bitcoin prices shoot past $12K. Dollar stablecoin USDC grabs market share from tether.
Visa is linking its payments network of 60 million merchants to the USDC stablecoin, according to Forbes.
Centre, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its new CEO.
Bitcoin is now solidly above $20,000 and a short supply and rising demand could push the price higher.
The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation's dictator.
USDC moves to Solana – its fourth blockchain – one week after also landing on Stellar.