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 <p>Also Read: <strong>SOL Price Prediction: Bulls Poised For New Rally, Solana Strengthens Technical Outlook</strong></p>  
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 <h2 id="the-usdc-ecosystem-boost">The USDC Ecosystem Boost</h2> 
 <p>Faisal Khan, a crypto influencer, revealed that Circle is going to publish something that reveals details on boosting the USDC ecosystem. This could be a report bringing more transparency to the <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> audits and the reserve funds, or a new announcement that could involve a Coinbase-like deal. According to the influencer, Circle Co-founder and CEO Jeremy Allaire will soon publish the USDC update.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">@jerallaire Going to publish something that you would love for the boost of the USDC ecosystem. Will be sharing the details with you very soon. @Jay_SpendDBits</p> 
  <p>— Faisal Khan (@babushka99) September 4, 2023</p>  
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 </blockquote> 
 <p></p> 
 <p>On the other side, Paul Grewal, the Chief Legal Officer at Coinbase, expressed his opinion on the <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> legislation in the <a rel="noopener noreferrer nofollow" title="United States" href="https://thebittimes.com/tag/united-states.html">United States</a>. He said the regulatory environment around the US <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> legislation is the “most confused.”</p> 
 <h2 id="stablecoins-are-here-to-stay">Stablecoins Are Here To Stay</h2>  
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 <p>Grewal stressed on the question of whether or not the United States could embrace the stablecoin market or lose it offshore. In June 2023, the US House Financial Services Committee had released a draft stablecoin bill “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” However, there was a no deal scenario in the US Congress as negotiation talks failed.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Of all the hostilities towards digital asset legislation, the hostility towards US <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a> legislation is the most confused. Dollar-backed <a rel="noopener noreferrer nofollow" title="stablecoin" href="https://thebittimes.com/tag/stablecoin.html">stablecoin</a>s are here whether you like it or not. The only question is whether we'd rather them onshore and regulated, or offshore and not.</p> 
  <p>— paulgrewal.eth (@iampaulgrewal) September 4, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>In the last one year, the USDC market cap fell from $52 billion to $24 billion currently, whereas during the same time frame, the Tether USDt (USDT) market size grew from $68 billion to $83 billion currently.</p> 
 <p>Also Read: <strong>Whale Again Moves Massive 4.6 Trillion Shiba Inu (SHIB), Recovery Ahead?</strong></p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/circle-set-to-reveal-update-on-usdc-ecosystem-boost-tbt61512.html">https://thebittimes.com/circle-set-to-reveal-update-on-usdc-ecosystem-boost-tbt61512.html</a></p>

Circle Set To Reveal Update On USDC Ecosystem Boost

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