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.

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.

On March 20, a vote was opened for the MakerDAO community to ‘normalize’ the parameters of the Price Stability Module (PSM). As a result, USDC remained the main reserve asset of PSM.

After the failure of three U.S. banks (with varying degrees of crypto exposure) in the space of a week last month, the sector seems to have settled back into relative calm, at least for the time being. So it would seem like the perfect opportunity for a recap.

Circle's partnership with cryptocurrency start-up Noble will bring the USDC natively to the Cosmos ecosystem.

In a new report, Moody's analyzed the impact of the traditional banking system on stablecoins, as well as the possible tightening of regulation against the background of the recent banking crisis.