The new partnership between Circle’s Venture Capital Arm and blockchain infrastructure company Crossmint aims to expand the reach of USDC Stablecoin across multiple blockchain networks. This move means strategic efforts to make USDC more accessible to a global user base, including AI-driven applications and distributed finance (DEFI) platforms. As Stablecoins increasingly drive cross-border transactions and act as hedges against inflation, the collaboration highlights ongoing efforts to strengthen crypto infrastructure and promote mainstream adoption.
- Circle Ventures is a partner with Crossmint to increase USDC compatibility across multiple blockchain networks.
- The partnership aims to enable global transfer for myopia and AI-driven payment systems.
- The increased use of stables in highly expanded countries such as Argentina and Colombia highlights their importance in maintaining wealth.
- Tether’s USDT remains dominant in Stablecoin payments, with significantly higher trading volumes than USDC.
- Crossmint will also work with Layer 1 Blockchain Tempo to accelerate the adoption of Stablecoin.
Circle’s Venture Arm recently announced a strategic partnership with Crossmint, a leading provider of Crypto Infrastructure Solutions, increasing the scalability and interoperability of USDC Stablecoin across a variety of blockchain platforms. This initiative is part of a broader effort to promote seamless, myopia transactions worldwide, addressing both human users and automated AI systems. Crossmint’s wallet and API act as the backbone of Stablecoin Onramps, increasing efficiency and security and adjusting payment flows.
This collaboration arrives at a pivotal moment when AI agents are expected to become key users of blockchain technology, especially important users within the Ethereum ecosystem. Coinbase experts emphasize that AI-driven applications will leverage USDC-like stubcoins for a variety of features, from autonomous taxi payments to content disclosure and data storage.
Standard lifelines in high inflation economy
Countries facing economic instability, such as Argentina, are becoming increasingly stable as protection against currency devaluation and inflation. Many residents use “crypto caves” to bypass strict currency controls by obtaining stub coins covered in US dollars. Similarly, Moneygram, a leading money transfer service provider, has announced the launch of its Crypto Payments app in Colombia. Using Crossmint’s infrastructure, we have enabled locals to receive and retain USDC as a PESO alternative. The expansion aims to serve more than 50 million customers worldwide, and enhances access to Stubcoin as a means of financial stability.
Related: Circle and OKX recently launched a Zero-Fee USDC conversion to USD, further simplifying user access.
USDT remains the dominant stubcoin in payments
Despite growing acceptance of USDC, Tether’s USDT has maintained its market dominance with nearly $100 billion in trading volume over the past day, compared to USDC’s $10.3 billion. USDT’s market capitalization also surpasses USDC, reaching approximately $173 billion against USDC’s $74.1 billion. Its speed and low-cost transfers make USDT a favorable option in developing countries, with supply to the Tron network exceeding $80 billion as of June.
New partnerships to promote the adoption of Stablecoin
This week, Crossmint announced its partnership with Layer 1 Blockchain Tempo. This is an effort to accelerate the integration and use of Stablecoin. Incubated by Stripe and Paradigm, Tempo’s infrastructure aims to further strengthen crypto payments and Onchain Financial Solutions, in line with the broad trend of mainstreaming cryptocurrency within global financial markets.