Breaking: Circle's USDC Breezes onto World Chain
Stablecoin USDC Makes Inroads into Sam Altman's World Chain, Boosting Circle Stock
It's a green day for Circle reign as their stablecoin, USDC, now graces World Chain, a blockchain birthed by OpenAI's CEO Sam Altman. This integration brings USDC to 21 different blockchains.
In a nutshell, USDC and Circle's Cross-Chain Transfer Protocol V2 (CCTP V2) are now alive on World Chain. This upgrade promises improved liquidity, security, and capital efficiency for developers and users roaming the World Chain ecosystem.
According to Circle's blog post, this expansion amenities USDC on World Chain, boosting transaction efficiency and speed. It's been a whirlwind ride for USDC, which has already graced charts like Algorand, Aptos, Arbitrum, Avalanche, Base, Celo, Ethereum, Hedera, Linea, NEAR, and now World Chain.
The stock market's not sleeping on this either. Shares of Circle are buzzing above $116, marking an astounding 10% rise and a value close to quadruple its initial public offering (IPO) price of $31. This IPO, raising a whopping $1.1 billion, has fueled crypto companies stepping onto the stock market stage.
Remember Etoro and Fold? Both kissed the market floor in May. Neither enjoyed as much love as Circle, though, whose stock skyrocketed more than traditional tech giants Meta, Robinhood, and Airbnb post-IPO.
More crypto companies might follow suit, with Gemini rumored to be gearing up for its own IPO. Circle, valued at an impressive $28.34 billion, initially aimed for a 2022 public listing via a merger with a Special Purpose Acquisition Company (SPAC). Plans, however, fell through at the time.
Updated by: Andrew Hayward
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- World Chain Integration
- Circle Announcement
- World Chain Documentation
- Stablecoin Market Projections
- Circle IPO and Performance
- Following Circle's USDC integration onto World Chain, the stablecoin is now live on 22 different blockchains, facilitating improved liquidity, security, and capital efficiency for developers and users on the World Chain ecosystem.
- Circle's Cross-Chain Transfer Protocol V2 (CCTP V2) has successfully transitioned to World Chain, marking a significant milestone for the crypto ecosystem as USDC becomes the latest cryptocurrency added to World Chain.
- In light of Circle's USDC integration onto World Chain, stocks associated with Circle have risen significantly, with shares trading above $116, representing an astounding 10% increase and a value close to quadruple its initial public offering (IPO) price of $31.
- The crypto industry has witnessed a surge of companies pursuing Initial Public Offerings (IPOs), as demonstrated by Circle's successful IPO that raised $1.1 billion and propelled the company to a valuation of $28.34 billion, making it one of the most valuable crypto entities in the market today.
