Latest news with #USDC
Yahoo
10 hours ago
- Business
- Yahoo
4 Reasons to Buy USDC, One of the Largest Stablecoins in 2025
Key Points USDC is fully backed by cash and cash equivalents with independently verified reserves, making it one of the most trustworthy stablecoins. Rewards programs and crypto lending platforms allow you to earn passive income on your USDC. Stable value and fast, cheap transactions make USDC ideal for digital money transfers. 10 stocks we like better than USDC › U.S. lawmakers passed the Genius Act on July 17, and President Donald Trump signed it into law a day later. It was a historic moment, since this is the first piece of legislation regulating the cryptocurrency industry. Specifically, it regulates stablecoins, cryptocurrencies designed to maintain a value tied to a fiat currency. USDC (CRYPTO: USDC) is the second-largest stablecoin by market cap, and in my opinion, it's the stablecoin most worth buying. Here's why. 1. It's fully backed by publicly visible reserves The most important feature in a stablecoin is that it maintains its peg to a fiat currency. If a stablecoin loses its peg, it can be disastrous. People liquidate their holdings as quickly as possible because they no longer trust in the stablecoin to remain stable, and the price plummets. Circle Internet Group (NYSE: CRCL), the company that issues USDC, ensures that the coin maintains its peg with one-to-one reserves, meaning every USDC is backed by $1 in cash or cash equivalents. To Circle's credit, it has always been transparent about its reserves. Since USDC's launch in 2018, the company has published monthly attestations to its reserves with third-party assurance from a Big Four accounting firm. The company also had its initial public offering on June 5, opening itself up to the stringent financial reporting requirements that come with being publicly traded. The same isn't true for USDC's biggest competition, Tether. Its issuer, Tether Limited, doesn't have third-party assurance of its reserves and even received a $41 million fine in 2021 for misrepresenting its reserves. Given the choice, I'd much rather buy a stablecoin that has had legitimate, transparent reserves from the beginning. 2. You can use it for crypto trading Crypto is a fast-moving market. If a coin that you like drops in value, you might want to take advantage and buy the dip. Keeping USDC in your account (or crypto wallet) ensures you can do that at a moment's notice. Or, if you want to take out some of the gains you've made on a successful crypto investment, you could convert it to USDC. Just make sure you're ready to pay the cryptocurrency taxes on it, as converting one coin to another is a taxable event. USDC gives you a way to easily enter and exit positions without needing to convert crypto to a fiat currency. And as the second-largest stablecoin, it's widely available on exchanges. 3. You can earn rewards on your USDC When they work as intended, stablecoins don't grow in value, so they're not an investment. But you can earn rewards with them and generate passive income. Several crypto exchanges pay rewards on USDC, and the rates are fairly high. For example, Coinbase currently pays a base rate of 4.1%, while Kraken pays 5.5%. If you want to seek out even higher yields, you could deposit your USDC on a crypto lending platform, although this carries more risk. But even without doing anything extra, rewards programs allow you to earn a reasonable return on the USDC you have sitting in your account. 4. It's a convenient way to transfer money One of the best real-world uses of blockchain technology is transferring money quickly and cheaply. It's especially useful for sending and receiving money internationally, which can take days and cost $15 to $30 with traditional bank transfers. USDC transactions process in seconds or minutes, and fees are a fraction of $0.01. But USDC is far from the only cryptocurrency that can boast about fast transactions and low fees. There are quite a few others, including XRP, a cryptocurrency specifically designed for cross-border payments. But a stablecoin like USDC is a better choice when you don't want to run the risk of price fluctuations. The value is the same when you send it and when the other person receives it. The passage of the Genius Act is exciting news for stablecoins and the crypto industry as a whole. USDC is arguably the stablecoin most ready for new regulations because of its transparent approach with its reserves. If you want to have some digital dollars on hand, USDC is the one I consider the safest choice. Should you buy stock in USDC right now? Before you buy stock in USDC, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and USDC wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $665,092!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,477!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Lyle Daly has positions in Tether and USDC. The Motley Fool has positions in and recommends XRP. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. 4 Reasons to Buy USDC, One of the Largest Stablecoins in 2025 was originally published by The Motley Fool
Yahoo
a day ago
- Business
- Yahoo
Crypto Prediction Market Polymarket Weighs Launching Its Own Stablecoin: Source
Polymarket, the cryptocurrency-powered prediction market that recently attained a billion dollar valuation, is deciding whether to introduce its own customized stablecoin, or accept a revenue sharing deal with Circle based on the amount of USDC held on the platform, according to a person familiar with the plans. Polymarket's motivation to create its own stablecoin is simply to own the yield-generating reserves that back the large amount of Circle's USDC dollar-pegged token used to make bets on the popular betting platform, the person said. A Polymarket representative said no decision has yet been made on the stablecoin question. Legislation around stablecoins passed in the U.S. last week makes issuing a stablecoin all the more attractive a business proposition for both crypto native firms and more traditional finance players alike who may be eyeing the success of stablecoin-issuing giants Tether and Circle. That said, launching a stablecoin is a complex lift for many firms, and USDC issuer Circle is known to be cutting revenue sharing deals with exchanges, payment firms and other fintechs in order to stay competitive in the rapidly evolving space. For Polymarket, issuing its own stablecoin is a much easier lift from a regulatory standpoint, according to the source. "Polymarket is locking a lot of stablecoin value in their betting pools and so they want some kind of mechanism to get the yield,' the person said. 'In the case of Polymarket, it's a closed ecosystem and all they really need to do is to be able to exchange USDC or USDT into whatever their custom stablecoin is. They don't have to worry about the last mile on ramp and off ramp. That's a very simple thing to build, and easy to secure and control.' Spokespeople for Circle did not immediately return a request for comment. The amount of USDC on Polymarket fluctuates with betting activity on the platform, but some $8 billion of bets were placed during last year's U.S. election cycle, and the website attracted some 15.9 million visits in May, according to SimilarWeb. The company is looking to formally reenter the U.S. with the acquisition of U.S.-based QCEX, following the closure of civil and criminal investigations into its allowing U.S.-based customers to place bets on its platform. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
BitGo Files to Go Public as Crypto Market Surges Past $4 Trillion
Crypto custody firm BitGo said it confidentially filed for an initial public offering in the U.S. The move comes as the digital asset market crossed a record high $4 trillion in total value last week. The filing, submitted just days after the market cap milestone, positions the Palo Alto, California-based company to join a growing list of digital asset firms heading to public markets. The demand is clear: Investors have been piling into crypto-related stocks in recent months, looking to capitalize on the sector's renewed momentum. Founded in 2013, BitGo secures digital assets for institutional clients including exchanges, banks and investment firms. It's widely regarded as one of the largest crypto custodians in the U.S. While not as visible to everyday investors as trading platforms, BitGo's role as a behind-the-scenes vault has grown more critical as financial institutions become more active in the industry. This year's rally in crypto asset prices — and progress toward regulatory frameworks in Washington — has spurred a wave of IPO activity. Stablecoin issuer Circle (CRCL) and trading platform eToro (ETOR) both went public recently and saw significant stock price appreciation. Circle's shares have soared more than 630% since their listing, fueled by institutional adoption of its USDC stablecoin. Other firms are rushing to follow. Last week, crypto asset manager Grayscale said it had filed for an IPO. Crypto exchange Gemini made a similar move. Bullish exchange, a sister company to CoinDesk, on Friday announced plans to go public in the U.S. The companies are betting that Wall Street's appetite for digital assets will continue even after the initial excitement fades. BitGo's potential listing would give investors another pure-play crypto stock at a time when exposure to the industry has become a popular allocation. For now, no timeline or valuation has been announced. The company raised $100 million in August 2023 at a $1.75 billion in to access your portfolio
Business Upturn
a day ago
- Business
- Business Upturn
BitMart Launches Crypto Loans: Unlock Liquidity and Earn While You Borrow
By GlobeNewswire Published on July 22, 2025, 22:10 IST Mahe, Seychelles, July 22, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, announced the launch of BitMart Crypto Loans service, the lending product that allows users to stake their digital assets as collateral, borrow instantly, and continue earning interest — all without selling their holdings. As the digital asset market evolves rapidly, users are increasingly seeking flexible and efficient ways to manage their assets. In the current market environment, liquidity has become a major challenge for crypto asset holders. Traditional solutions often require selling assets to unlock funds — but this also means giving up the potential for future appreciation, particularly for long-term holders of major assets like BTC, ETH, or the platform token BMX. For these users, selling their holdings could mean missing out on future opportunities. Therefore, the market urgently needs a solution that provides liquidity without liquidating assets. Key Highlights of BitMart Crypto Loans Flexible Loans Without Selling Assets — Users can pledge their digital assets as collateral to borrow loans without having to sell. This is especially attractive to long-term holders. Users can pledge their digital assets as collateral to borrow loans without having to sell. This is especially attractive to long-term holders. Earn Interest on Collateralized Assets — Users can continue earning yields on your pledged assets via BitMart Earn. — Users can continue earning yields on your pledged assets via BitMart Earn. Flexible Repayment — No fixed terms or late fees; repay anytime at your convenience. — No fixed terms or late fees; repay anytime at your convenience. Multi-Asset Support — Borrow and pledge in USDT, USDC, BTC, ETH, BMX, and more. — Borrow and pledge in USDT, USDC, BTC, ETH, BMX, and more. Transparent, Low Costs — Competitive hourly interest rates that adjust with the market. BMX, BitMart's native token, plays a pivotal role in this ecosystem. It can be used both as collateral and as a borrowed asset, further enhancing liquidity and utility. BMX holders also enjoy additional perks, including trading fee discounts, VIP benefits, and participation in BitMart's growth through airdrops and rewards — creating a vibrant, user-driven ecosystem. Launch Benefits: Interest Rebates and USDC Rewards To celebrate the launch, BitMart is offering exclusive promotions: Interest Subsidy — New users receive a 50% rebate on interest paid; VIP users enjoy a full 100% rebate, achieving 'zero-interest' borrowing. — New users receive a 50% rebate on interest paid; VIP users enjoy a full 100% rebate, achieving 'zero-interest' borrowing. Leaderboard Rewards — The top 50 borrowers by total loan amount will share in generous USDC prizes, with first place taking home 1,000 USDC. Details: As the digital asset market matures and evolves, traditional asset management models can no longer meet modern users' demands for flexibility, efficiency, and diversification. The launch of BitMart Crypto Loans not only brings a fresh liquidity solution to the market but also opens up new possibilities for the application of crypto assets. Without sacrificing the long-term appreciation potential of their holdings, users can easily allocate funds while earning transparent and sustainable yields through financial tools. This innovative model undoubtedly represents the future of the industry: smarter, more flexible, and more efficient asset management is set to become the new norm in the crypto market. About BitMart BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto's potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere. Disclaimer: Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
MatchAwards Disrupts Traditional Affiliate Marketing with Dual-Token Commission Structure
FAYETTEVILLE, N.C., July 22, 2025 /PRNewswire/ — The MAPU Affiliate Program introduces a structured referral system offering fixed-rate rewards in USDC, USDT, and the MAPU token. Participants receive a 20% commission for each referral, while referees using the provided referral code are eligible for a 20% discount on purchases. The program is integrated with MatchAwards, a social media business platform designed to assist a diverse user base—including veterans, startups, small businesses, job seekers, and non-profits—in identifying contracts, grants, and loans from both U.S. government and private sector sources. With features such as digital advertising tools and a live services marketplace, MatchAwards supports operational activity that is linked to the utility of the MAPU token. 'We didn't launch a token and hope people would show up,' said Mike Noble, the COO at MatchAwards. 'We built a real platform first, signed up nearly 80,000 registered and active users, and now we're rewarding the community through the token economy. We're flipping the script.' The MAPU Affiliate Program incorporates secure wallet tracking and CRM tools to offer affiliates real-time insights into referral performance. Affiliates receive cryptocurrency payouts as referred users purchase tokens, while those using referral codes automatically receive purchase discounts. The program is structured to allow any referred user to become an affiliate referrer, facilitating a permissionless expansion model. In contrast to conventional affiliate models, the MAPU program emphasizes transparency and measurable user engagement. Its structure is designed to support actual platform activity rather than speculative participation. MAPU's listing strategy for exchanges remains conservative, with a stated goal of supporting organic price discovery. Token holders can immediately use MAPU within the MatchAwards platform—for example, to fund advertising campaigns, access upcoming business intelligence packages (including NFTs), or unlock selected tools. The token's integration with platform services is presented as a reflection of its intended utility. Users can apply today at and join a growing network of early adopters earning sustainable crypto income from a real-world platform. About MatchAwards MatchAwards, a division of AIT, combines advanced AI matching technology with blockchain verification to fundamentally redefine government procurement for small businesses. By removing traditional barriers and creating unprecedented transparency, the platform enables businesses of all sizes to compete effectively for government contracts. Learn more at Media Contact InformationMike ContactMatchAwardsCMO@ Photo –
