Circle Surges Over 10%! USDC Expands to World Chain — Is Multi-Chain Stablecoin Adoption the Next Big Trend?
TradingKey – USDC has expanded to World Chain, sending Circle’s stock (CRCL) soaring over 10%.
On Wednesday, June 11, Circle, the first publicly traded stablecoin issuer, announced that its USDC stablecoin is now integrated with World Chain (WLD), the blockchain network founded by OpenAI CEO Sam Altman. This announcement triggered a 10% surge in Circle’s stock price, fully recovering losses from the previous trading session.
Coincidentally, PayPal (PYPL) also announced that its PYUSD stablecoin will be integrated into the Stellar network. This move highlights a growing trend among stablecoin issuers — expanding beyond mainstream blockchains like Ethereum (ETH), Solana (SOL), and Tron to explore alternative networks for broader adoption and revenue opportunities.
With a limited number of dominant blockchains, the rise of non-mainstream networks as stablecoin battlegrounds is becoming increasingly evident. As more stablecoins emerge, competition will not only shape the stablecoin market but also boost blockchain activity and transaction volume.
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