Stablecoins Emerge as Key Digital Dollar Infrastructure
Stablecoins Emerge as Key Digital Dollar Infrastructure
馃捀 Dollar's Digital Plot Twist
Circle CEO Jeremy Allaire joined TIME100 alongside Ray Dalio, Senator Gillibrand, and Fareed Zakaria to discuss stablecoins' role in strengthening USD dominance globally.
Key developments:
- Standard Chartered partnership enabling faster fiat-USDC exchanges
- Zodia Markets integration making stablecoin payments mainstream
- OCC authorization for national banks to issue stablecoins
Stablecoins are emerging as a critical bridge between traditional finance and blockchain technology, offering:
- Instant, low-cost global transfers
- 1:1 USD backing with full reserves
- Enhanced financial efficiency
- Broader global financial inclusion
Stablecoins as the new money layer on the internet represent a tremendous opportunity. @jerallaire joined TIME100, speaking alongside @RayDalio, @SenGillibrand, and @FareedZakaria, to highlight how stablecoins can help strengthen the influence of the US dollar in the global
Two business leaders on the real-world impact of stablecoins. Hear from @zodiamarkets on how we are working together to make stablecoin payments mainstream and how @USDC is helping their business grow beyond its crypto-native foundation into a global payments company with
Standard Chartered sees the potential of USDC and EURC to improve global payments for businesses and institutions around the world. Hear Janet Thomas, @StanChart鈥檚 Global Head of Strategic Partnerships, and Circle CFO Jeremy Fox-Geen discuss how stablecoins can improve finance.
Stablecoins are the bridge between traditional finance and the blockchain. Working with banks like @StanChart makes it faster, easier and cheaper for businesses to exchange between fiat and USDC. circle.com/scbzodia
Native USDC and CCTP V2 Coming to World Chain
Circle announces upcoming upgrade to World Chain's USDC implementation, transitioning from Bridged USDC Standard to native USDC. The upgrade includes CCTP V2 support, enabling rapid cross-chain transfers with Avalanche, Base, Ethereum, and Linea networks. Key features: - Automatic upgrade with no user action required - Available in 160+ countries via World App - Institutional-grade on/off ramps through Circle Mint - Faster cross-chain transfers than chain finality This follows similar recent deployments on Sonic Labs and Linea, expanding USDC's native blockchain presence to 19 networks. Learn more: [Circle Blog](http://www.circle.com/blog/native-usdc-and-cctp-v2-are-coming-soon-to-world-chain)
Circle Launches Global Payments Network with 20+ Design Partners
Circle has announced the Circle Payments Network (CPN), a new infrastructure for global money movement powered by stablecoins USDC and EURC. Key features: - 24/7 real-time settlement - Support for invoice payments, remittances, treasury services, and payouts - Integration with 20+ design partners including dLocal, WorldRemit, and BVNK - Focus on programmability, security, and constant availability The network aims to address traditional cross-border payment inefficiencies by enabling banks and payment providers to transfer funds at internet speed using fully reserved digital currencies. Download whitepaper: [CPN Whitepaper](http://circle.com/cpn-whitepaper) Learn more: [Circle Payments Network](https://www.circle.com/cpn)
Circle Receives Regulatory Approval in UAE and Partners with Hub71
Circle has secured In-Principle Regulatory Approval from Abu Dhabi Global Market (ADGM), marking a significant expansion in the Middle East. Key developments: - Strategic collaboration with Hub71 to enhance digital assets innovation - Focus on regulated stablecoin infrastructure across the region - Previously established partnership with Lulu Financial Holdings for remittance services - Official incorporation in ADGM to provide USDC in growing digital market This expansion strengthens Circle's presence in one of the world's most active remittance corridors, enabling more accessible cross-border payment solutions. [Learn more about Circle's UAE expansion](http://www.circle.com/pressroom/circle-secures-in-principle-regulatory-approval-from-adgms-fsra)
Circle Demonstrates 72-Second Cross-Border Payment from USD to BRL
Circle, the company behind USDC stablecoin, has demonstrated a breakthrough in cross-border payments technology. During a test phase, they successfully executed a USD to Brazilian Real (BRL) transfer in just 72 seconds. This development follows Circle's strategic expansion into Latin America, particularly their USDC integration in Brazil and Mexico announced in September 2024. The initiative aims to: - Enable real-time cross-border payments - Improve financial inclusion in Latin America - Streamline international transactions - Reduce traditional transfer times and costs The test represents a significant advancement in international payment systems, potentially revolutionizing how money moves across borders.