Circle Claims That USDC “Is Currency With Special Powers” Pushes For Greater Diversity At WEF

Key Points:

  • The World Economic Forum (WEF) was attended by USD Coin (USDC) founder Circle to discuss “why USDC is a dollar with super powers.”
  • Circle provided a summary of the development of money and the legal frameworks for cryptocurrencies that encourage responsible innovation.
  • USDC in circulation increased from $0 to $45 billion in four years.
The World Economic Forum (WEF) was attended by USD Coin (USDC) founder Circle to discuss “why USDC is a dollar with super powers.”

Between January 16 to January 20, 2023, almost 1,500 business and governmental leaders from all across the world attended the WEF in Davos.

According to Circle’s release, the occasion was crucial for the business. According to Circle, they used the WEF platform to:

“…reset the crypto narrative with an emphasis on inclusive growth, sustainability and use cases rooted in the utility value of USDC and blockchain technology. “

In more than a dozen meetings with WEF attendees, Circle provided a summary of the development of money and the legal frameworks for cryptocurrencies that encourage responsible innovation.

Circle stressed its belief that “everyone should be able to access the future of money”

The amount of USDC in circulation increased from $0 to $45 billion in four years, according to Circle’s “State of the USDC Economy” study, which was released on January 17. It is supported by wallets from 190 different countries, is the native currency of eight blockchains, and has more than 200 linked protocols.

In February 2022, almost a year ago, USDC began to increase its stablecoin market share and pose a threat to Tether’s (USDT) hegemony. According to study from CryptoSlate published on January 10, 2023, USDC kept expanding its market share among stablecoins despite the bad market. According to data from January 10, USDC presently has a higher transfer volume, while USDT continues to be the market’s largest stablecoin.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

35 minutes ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

55 minutes ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

1 hour ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

2 hours ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

2 hours ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

3 hours ago

This website uses cookies.