Key Points:
- The World Economic Forum (WEF) was attended by USD Coin (USDC) founder Circle to discuss “why USDC is a dollar with super powers.”
- Circle provided a summary of the development of money and the legal frameworks for cryptocurrencies that encourage responsible innovation.
- USDC in circulation increased from $0 to $45 billion in four years.
The World Economic Forum (WEF) was attended by USD Coin (USDC) founder Circle to discuss “why USDC is a dollar with super powers.”
Between January 16 to January 20, 2023, almost 1,500 business and governmental leaders from all across the world attended the WEF in Davos.
According to Circle’s release, the occasion was crucial for the business. According to Circle, they used the WEF platform to:
“…reset the crypto narrative with an emphasis on inclusive growth, sustainability and use cases rooted in the utility value of USDC and blockchain technology. “
In more than a dozen meetings with WEF attendees, Circle provided a summary of the development of money and the legal frameworks for cryptocurrencies that encourage responsible innovation.
Circle stressed its belief that “everyone should be able to access the future of money”
The amount of USDC in circulation increased from $0 to $45 billion in four years, according to Circle’s “State of the USDC Economy” study, which was released on January 17. It is supported by wallets from 190 different countries, is the native currency of eight blockchains, and has more than 200 linked protocols.
In February 2022, almost a year ago, USDC began to increase its stablecoin market share and pose a threat to Tether’s (USDT) hegemony. According to study from CryptoSlate published on January 10, 2023, USDC kept expanding its market share among stablecoins despite the bad market. According to data from January 10, USDC presently has a higher transfer volume, while USDT continues to be the market’s largest stablecoin.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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