Cryptocurrency

Circle says USDC ‘is a dollar with super powers’ at WEF, pushes for more inclusion

USD Coin (USDC) Founders Circle attended of world economic forum (WEF) explains “why USDC is the dollar with superpowers”.

The WEF will be held in Davos from January 16th to January 20th, 2023 and welcomed over 1,500 industry leaders and government representatives from around the world.

According to Circle’s announcement, the event was the most important one for the company. Circle said it used the WEF platform to:

“…resetting the crypto narrative with a focus on inclusive growth, sustainability, and use cases rooted in the utility value of USDC and blockchain technology.”

Circle hosted a dozen conversations with WEF attendees summarizing the evolution of money and regulatory approaches to cryptocurrencies that foster responsible innovation.

The Circle also said it emphasized its vision that “the future of money should include everyone.”

Growth of USDC

According to Circle’s “State of the USDC Economy” report Issued on January 17, USDC’s circulation increased from zero to $45 billion in four years. It is the native currency of 8 blockchains, supported by different wallets in 190 countries, and has over 200 integration protocols.

Almost a year ago, in February 2022, USDC began gaining share in the stablecoin market and challenging the dominance of Tether (USDT). Despite the bear market, USDC continued to grow its presence among stablecoins. crypto slate Investigation on 10 January 2023. Based on January 10th data, USDC currently holds more transfer volume, while USDT is still the largest stablecoin on the market.

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