Circle brings USDC stablecoin to Polkadot's Asset Hub parachain allongside five other blockchains to enable faster, cheaper transactions and multi-chain transfers via the new Cross-Chain Transfer Protocol.

While USDT dominates payments and centralized exchanges, USDC has taken the lead in decentralized markets. USDC has actively fostered relationships with DeFi dApps and is often viewed as a more secure stablecoin.

Coinbase is increasing its support for USDC with an investment in Circle, which will take full control over the second largest stablecoin issuance and governance.

The crypto payment specialist has announced multiple new initiatives over the past few weeks, including a partnership with Latin American exchange Bitso enabling USDC transactions to Argentina, Colombia and Mexico.

France solidifies its pioneering status in the crypto industry as a surge of companies apply for regulatory approval, while the proactive French regulator actively works towards strengthening guidelines.

Circle is finding its way past a rough year. In the last couple of months, the FinTech company launched USDC on Arbitrium, Euro Coin on Avalanche and introduced its own cross-chain bridge protocol.

At the end of May, when everyone was watching the U.S. debt ceiling drama, Blackrock, the manager of Circle stablecoin reserves, precautiously moved the holdings from T-bills to commercial banks. Now that the storm alert has passed, T-bills have started to appear on the balance sheets again.

On April 26, the Cross-Chain Transfer Protocol from Circle was launched. The new protocol allows moving USDC between Ethereum and Avalanche.