The Algorand Foundation has announced that the USD Coin ( USDC ) stablecoin will be launched on the Algorand ( ALGO ) blockchain. The integration will allow customers using Circle APIs or Circle Business Accounts to convert funds from their bank account or card network into stable tokens on the Algorand blockchain. USDC currently ranks as the second-largest stablecoin by market cap, and the 19th-biggest crypto asset with a capitalization of nearly $930 million. The coin was developed as a joint venture comprising Circle and major cryptocurrency exchange Coinbase. USDC has purportedly issued more than $2.5 billion to date, with the stablecoin being used to power more than $50 billion in transactions.“Growth in mainstream financial use cases is driving more demand for high-throughput payments and finance-optimized blockchain infrastructure,” said Circle co-founder and CEO, Jeremy Allaire.“The combination of USDC and Circle Platform Services with the Algorand blockchain will create a foundation for developing a wide range of scalable, secure, and compliant financial applications,” Allaire added. The partnership will see Algorand and Circle promote ALGO-based USDC as a base-currency for institutions looking to build scalable financial applications on public chains.“As more financial institutions and enterprises look to build decentralized financial applications, they need a well-suited infrastructure and a compliant, regulated, and widely accepted stablecoin,” said Fangfang Chen, COO of the Algorand Foundation. Circle will also provide an API allowing payments between USDC on the Algorand and Ethereum blockchains. Last week, a historic chess match between grandmaster Sergey Karjakin and Algorand founder Silvio Micali was recorded on ALGO blockchain.
All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/circle-announces-support-for-usdc-stablecoin-on-algorand-blockchain
#algorand #stellarcoin #tradingviewbitcoin #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange
Reflaunt’s mission is to empower brands/retailers to implement a scalable and efficient circular consumption model within their existing activities, growing revenue, driving new customer acquisition and increasing retention.
We were asked to create an unique fashion-focused & hi-tech video that would match Reflaunt’s minimalistic branding.
Enjoy watching and let us know you thoughts in the comments!
In today’s episode, we catch up with Marieke Flament, Chief Marketing Officer of Circle, one of the most noteworthy crytpo companies.
Circle was the first company to receive a BitLicense from the State of New York and the first virtual currency business to receive an e-money license from the British government.
Circle has raised over over $246 million since 2013, including a $50 million round led by Goldman Sachs.
Earlier this year, Circle acquired crypto exchange Poloniex for $400 million, with leaked documents suggesting an aspiration to make Poloniex America’s first regulated crypto exchange.
As always, connect with us on Twitter, Facebook, LinkedIn or on our website at bankingthefuture.com.
If you like today’s show, please subscribe on iTunes, or your podcast platform of choice, and leave us a review.
Just recently on December 14, 2018, Jeremy Allaire the CEO and co-founder of Circle, mentioned in a CNBC interview that he is confident that cryptocurrency valuations will increase over time despite the bearish market. While there are many people who are currently defending the market, Jeremy Allaire presented a very strong and solid argument as to why Bitcoin will be worth a lot more in the future than it is today.
The biggest value Bitcoin has to offer is that it can hold stored value. However, more coins similar to Bitcoin can emerge, but it can only have value if the market consents to its value. Jeremy Allaire believes that Bitcoin will remain a store of value as it currently holds the most trust by the market. Furthermore, by being the only solution to the world that can cater to anyone with internet, it gives cryptocurrencies a natural advantage over all over existing financial solutions.
Despite these factors, there are, however, certain things holding the market behind which is influencing and affecting the prices of these tokens.
Firstly, there are a lot of people who want to profit via trades and are not interested in investing in the long-term value of different cryptocurrencies. Unfortunately, this leads to people trading by looking at chart predictions rather than the technological, social and economic value that cryptocurrencies are providing.
Secondly, when it comes to regulations, Cryptocurrencies are difficult to regulate because their use, function, and value, range from being a digital security token to commodity tokens, to a value of storage, and even on-platform solutions, and much more.
Thus it is difficult to regulate cryptocurrencies under the one roof. So the best step to regulate cryptocurrencies is to first better categorize and define them. Once there are clearer categories and definitions, regulators may be able to enforce more specific and accurate regulations that are appropriate for the use of the said cryptocurrency or asset
What do you guys think?
Do you think traders looking to reap a profit is causing the strong fluctuations in the market?
And do you cryptocurrencies should be broken down further in more specific categories before they are regulated?
For up to date news you can check out: http://cryptopig.com
Join our team on Telegram: https://t.me/cryptopiggroup
Follow us on Twitter: https://twitter.com/cryptopigmedia
We want to hear from you, so please let us know what you would like us to research!
1) CRYPTO CIRCLE EXCHANGE : https://www.cryptocircle.exchange/
* CRYPTO CIRCLE BOT : https://t.me/CryptoCircleXAirdropBot?start=455477180
*ARTICLE LINK : https://steemit.com/mgsc/@kmsapan/crypto-circle-exchange
2) NETSOLAR AIRDROP : https://docs.google.com/forms/d/e/1FAIpQLSdRkn504_EX8EPj16EB4JD2xuqKueNPPgKZJ6VcRRc4FiiTJg/viewform?entry.107195755=@sapan121
PAST AIRDROP :—————-
1)CRYPTO CURVE ( https://bounty.cryptocurve.io/6754/5317442 ) WORTH~240$
2)TRACKX (GET 2000 TKX~200$ BOUNTY ) : https://bounty.trakx.io/6217/4866387
3) BRICKEX EXCHANGE BOUNTY : https://bounty.brickex.io/5370/5015851 (WORTH 80-90$)
4) IMAGE PROTECT(1000 STAKE) : https://win.imageprotect.io/4692/3677465
5) ENVOY(500 TOKENS BOUNTY ) : https://contest.envoytoken.io/5307/3920447
** BUY/SELL(P2P) BITCOIN IN INDIA (40$ SIGNUP BONUS (TRADETEX )) : https://www.tradetex.io/user/signup?id=1074&ref_cod=353536289
A) HOW TO PARTICIPATE IN AIRDROPS :
( https://youtu.be/1AS76rbsa6E )
1) JOIN MY FACEBOOK GROUP(CRYPTOHUB) FORTOKEN EXCHNG
A) JOIN FACEBOOK GROUP (AIRDROP HUB UPDATE) :
2) How To Connect MyEtherwallet To Meta Mask Extension | Safe Ether Wallet | | https://www.youtube.com/watch?v=GESL2fq0e5Y
3) HOW TO ADD TOKENS IN MYETHER WALLET AND TRANSFER TO EXCHANGE : https://www.youtube.com/watch?v=10nzo1Zg1KU&t=126s
4) JOIN BITBNS INDIA EXCHANGE : https://ref.bitbns.com/98082
5) CREATE MYETHER WALLET :
7) HOW TO CREATE NEO WALLET ::-
9) SECURE YOUR MYETHER WALLET (USE SAFETY TOOLS)
11) BINANCE STOP LOSS HINDI || BINANCE एक्सचेंज पर स्टॉप लोस
लिमिट कैसे सेट करें : https://www.youtube.com/watch?v=CUAiTICib8E
12 ) HOW TO TRADE IN LOCAL BITCOINS SEE DETAILS : https://youtu.be/q3_x1EQ8U7E
13) बिटकॉइन पर टैक्स कैसे भरें ? How to pay TAX on Bitcoin & Cryptocurrency in India ? : https://www.youtube.com/watch?v=vPO6AiA3U8E
NOTE : DON’T FORGET TO SIGNOUT TO YOUR METAMASK WALLET.. SIGNIN– USE WALLET– SIGNOUT…