Hey crypto fam!
Big news is coming from way up high â literally. From the 87th floor of One World Trade Center in New York City, Circle, the company behind the popular USDC stablecoin, is about to shake up the world of payments and remittances.
Letâs break it all down in plain English.
Circle is launching a brand-new payments and cross-border remittance network. This isnât just another crypto product. This is Circle going back to its roots â making payments faster, easier, and global.
This new platform is being unveiled during a major launch event with Circle CEO Jeremy Allaire, whoâll be sharing the companyâs vision for how stablecoins like USDC can revolutionize the way we send and receive money across the globe.
Youâve probably heard of USDC â itâs a $60 billion stablecoin pegged to the U.S. dollar and used all over the world. But now, Circle is stepping things up. The goal?
To build a global payment system that could compete with giants like Visa and Mastercard.
According to someone close to the project, the new system will start by focusing on remittances â thatâs sending money across countries, like when people send money home to family. But this is just the beginning. Circle wants to take over aâŠ