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Circle and Immersve Partner to Enable USDC Payments at Mastercard Merchants

Thu 19th Dec 2024
Immersve has launched a groundbreaking integration enabling direct USDC payments from Web3 wallets at Mastercard merchants worldwide. Key features: - Available at 90M+ merchant locations - Accessible to 100M+ Web3 wallet users - No transfer delays or hidden fees - Familiar payment experience The Circle-Immersve collaboration aims to normalize digital asset spending in everyday transactions. Users can now spend USDC as easily as traditional currency, marking a practical step toward mainstream crypto adoption. **How it works:** - Connect Web3 wallet - Pay directly with USDC - Instant processing at point of sale
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Blockchain Evolution: From Asset Focus to Infrastructure Revolution

Mon 16th Dec 2024
Industry leaders highlight a significant shift in blockchain's trajectory: - Circle CEO Jeremy Allaire observes the technology crossing the chasm into mainstream adoption - Movement toward the slope of enlightenment phase indicates maturing market understanding - WisdomTree's Benjamin Dean emphasizes viewing blockchain as financial infrastructure - Focus shifting from individual asset prices to broader technological capabilities *Key Transformation*: Blockchain networks are now enabling value exchange with the same ease as data exchange on the internet. **Industry Perspective**: The narrative is evolving from speculative asset trading to fundamental financial innovation.

Native USDC and Cross-Chain Transfer Protocol Coming to Aptos

Thu 21st Nov 2024
Circle announces native USDC and Cross-Chain Transfer Protocol (CCTP) integration with Aptos blockchain. Key updates include: - Native USDC implementation with 1:1 USD backing - CCTP enabling secure transfers across 9 blockchains via 72 routes - Existing bridged USDC to be renamed as lzUSDC - Support for MoveVM applications in DeFi, payments, and gaming The integration will allow developers to build cross-chain applications connecting Arbitrum, Base, Ethereum, Solana, and other networks. Bridge providers will facilitate a gradual transition from bridged to native USDC. *Technical Details:* - Token Symbol: USDC - Mainnet Address: Pending - Current Bridge: LayerZero continues normal operations

Polymer Labs Raises $23M Series A for Modular IBC Protocol

Thu 31st Oct 2024
Polymer Labs has secured significant funding to advance its modular blockchain networking protocol. Here are the key details: - **Series A Funding**: $23 million raised - **Lead Investors**: Blockchain Capital, Maven 11, and Distributed Global - **Notable Participants**: Coinbase Ventures, Placeholder, Digital Currency Group, North The protocol focuses on Inter-Blockchain Communication (IBC) technology, aiming to enhance blockchain interoperability. This development aligns with growing industry interest in modular and composable DeFi solutions, as evidenced by recent work from Inco Network and Circle Research. *Follow developments at @IncoNetwork for updates on privacy-focused DeFi innovations.*
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