Circle, the issuer of the second-largest stablecoin by market capitalization USD Coin (USDC), announced that it has signed with Apple Pay.
Circle announced on November 15 that they will work integrated with Apple Pay to facilitate digital payment. in your preferred market It will enable them to easily purchase cryptocurrencies and also for non-crypto customers. facilitate traditional payments. told.
In addition, businesses with Apple Pay integration Get and pay with USDC services will benefit. Users and businesses who want to be included in this integration will be able to take advantage of the service using only Apple Face ID or Touch ID.
from 1.8 billion Apple’s wallet app, which has more active devices, is followed by PayPal in the US. It is the most used digital wallet. it is said.
Binance Move Hurts USDC $3 Billion
On the other hand, Circle continues to lose due to Binance’s move. Binance, the world’s largest cryptocurrency exchange, launched with 2 different stablecoins last September. USDC 1:1 to Binance USD (BUSD) He announced that he would convert.
USDC has since $8.3 billion suffered a loss in value. In this process, Binance’s stablecoin is approximately 3 billion valuation part of the loss suffered by USDC due to it came from here is being considered.
In addition, the amount of USDCs issued since June 30 is compared to the previous year. close to 36% experienced a decrease.