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Yahoo
21 hours ago
- Business
- Yahoo
Circle Internet (CRCL) Skyrockets by 25% Again as More Firms Adopt USDC Stablecoins
We recently published a list of . In this article, we are going to take a look at where Circle Internet Group (NYSE:CRCL) stands against other best-performing stocks of Friday. Circle Internet rebounded by 25.36 percent on Friday to finish at $133.56—its highest closing price to date, as investor sentiment was buoyed by the expansion of its USDC stablecoins following news that they are being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify. On Thursday, Shopify began rolling out its feature that enables merchants to accept USDC stablecoins—a cryptocurrency founded by Circle Internet Group's (NYSE:CRCL) founders Jeremy Allaire and Sean Neville—for payments and order fulfillment flows. Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC stablecoins to the latter's XRP Ledger blockchain. In a statement, Circle Internet Group (NYSE:CRCL) Chief Product and Technology Officer Nikhil Chandhok said that bringing the USDC to the XRPL blockchain 'unlocks new possibilities for developers to build seamless, real-world financial applications' and that USDC will 'help drive utility and innovation across the XRPL ecosystem.' On Wednesday, Circle Internet Group (NYSE:CRCL) partnered with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain. 'Almost two million humans on World already hold bridged USDC in their World App wallets,' World said in a statement. '[It is] now upgraded to native USDC issued directly by Circle.' While we acknowledge the potential of CRCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
21 hours ago
- Business
- Yahoo
Circle Internet (CRCL) Skyrockets by 25% Again as More Firms Adopt USDC Stablecoins
We recently published a list of . In this article, we are going to take a look at where Circle Internet Group (NYSE:CRCL) stands against other best-performing stocks of Friday. Circle Internet rebounded by 25.36 percent on Friday to finish at $133.56—its highest closing price to date, as investor sentiment was buoyed by the expansion of its USDC stablecoins following news that they are being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify. On Thursday, Shopify began rolling out its feature that enables merchants to accept USDC stablecoins—a cryptocurrency founded by Circle Internet Group's (NYSE:CRCL) founders Jeremy Allaire and Sean Neville—for payments and order fulfillment flows. Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC stablecoins to the latter's XRP Ledger blockchain. In a statement, Circle Internet Group (NYSE:CRCL) Chief Product and Technology Officer Nikhil Chandhok said that bringing the USDC to the XRPL blockchain 'unlocks new possibilities for developers to build seamless, real-world financial applications' and that USDC will 'help drive utility and innovation across the XRPL ecosystem.' On Wednesday, Circle Internet Group (NYSE:CRCL) partnered with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain. 'Almost two million humans on World already hold bridged USDC in their World App wallets,' World said in a statement. '[It is] now upgraded to native USDC issued directly by Circle.' While we acknowledge the potential of CRCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Sam Altman's World Chain Adds Native USDC Stablecoin and Circle's Cross-Chain Service
World Chain, the blockchain of Sam Altman-backed World Network, is now host to natively minted USDC, the stablecoin issued by recently listed crypto firm Circle (CRCL), the companies said on Wednesday. World Network also joined Circle's Cross-Chain Transfer Protocol (CCTP V2), allowing holders to move USDC across a range of blockchains. Some 2 million World Network users already held bridged USDC, and this has now been upgraded to native USDC issued directly by Circle, according to a press release. Businesses can use Circle Mint to directly convert between fiat and USDC on the layer-2 blockchain, enabling global on/off-ramps and cross-chain swaps with no third-party bridges, the release said. Stablecoins are possibly the hottest sub-sector within crypto, with a plethora of mainstream uses coming online day by day and Circle's recent IPO success for added good measure. World Network, the ecosystem that's grown out of the Worldcoin data collecting orb from OpenAI founder Altman, has been piling on applications including offering wallets with a full range of bank-like services courtesy of Visa. The cross-chain capabilities added to World Network means developers, businesses and consumers can quickly and easily move funds and fully benefit from decentralized finance (DeFI) composability, according to the release. Sign in to access your portfolio
