On December 8th, Circle, the issuer of the stablecoin USDC, announced that its cross-chain transfer protocol CCTP has processed a fund scale of over 1 billion USDC. Currently, CCTP supports various blockchains such as Ethereum, Avalanche, Wormhole, OP Mainnet, Base, and Noble.

According to Jinse Finance, Circle Developers announced on X platform that Circle has launched the USDC stablecoin and the EURC stablecoin testnet faucets and completed the testnet deployment to help users and developers better obtain small amounts of test tokens. Users can now use the faucets on each EVM and non-EVM test network that supports USDC and EURC. The testnet tokens are free and currently support blockchains such as Ethereum, Algorand, Arbitrum, Avalanche, Base, Flow, Hedera, Near, Noble, Optimism, Polygon PoS, Solana, Stellar, Tron, and others.

Circle, the issuer of USDC stablecoin, has denied allegations of illicit financing and connections to Tron founder Justin Sun in an open letter to US senators Elizabeth Warren and Sherrod Brown. The letter, signed by Circle's chief strategy officer and head of public policy, Dante Disparte, dismissed claims made by non-profit watchdog group Campaign for Accountability (CfA) that Circle had ties to Sun and facilitated major flows of funds to Hamas or Hezbollah. Disparte stated that Circle does not finance illicit actors and does not provide financial services to Justin Sun or any entity owned or controlled by him. The allegations against Circle are based on unverified social media posts, and Circle terminated all accounts held by Sun and his affiliated companies in February 2023.

Circle has announced a collaboration with SBI Holdings to introduce its stablecoin USDC and other web3 services into the Japanese market. The partnership will work towards the circulation of USDC and expanding the use of stablecoins in Japan, subject to regulatory approval. SBI will also adopt Circle's web3 services, such as blockchain infrastructure and smart contract management tools. The move comes as Japan prepares for the full-scale introduction of stablecoins, following the revision of a law to establish regulations for dollar-pegged crypto assets.

On November 28th, stablecoin developer Circle announced on the X platform that the Cross-Chain Transfer Protocol (CCTP) is now live on the mainnet of the Noble application chain in the Cosmos ecosystem. The Cosmos application chain can combine CCTP with IBC functionality, allowing users of Ethereum and other supported networks to enter the Cosmos ecosystem. The combination of CCTP and IBC will demonstrate programmatic, 1:1 cross-chain transfers with zero slippage functionality.

Cryptocurrency lending protocol Maple Finance announced a partnership with stablecoin issuer Circle. Circle will provide funding to Maple's collateralized lending pool through its corporate finance department, expanding the use case for USDC.

Jeremy Allaire, co-founder and CEO of Circle, said on social media that the on-chain economy is coming. Ideas that seemed far-fetched a few years ago can now be clearly explained with the technology and newly emerging clear regulatory foundations we have today. The internet financial system has arrived.

Stablecoin issuer Circle announced a partnership with SBI Holdings to expand cryptocurrency innovation in Japan through USDC, banking, and Web3 services.

On November 21st, stablecoin issuer Circle has launched a cross-chain USDC standard, which is a new solution to expand USDC usage and reduce fragmentation.EVM blockchain and Rollup teams can now deploy a bridged USDC token contract, while providing flexibility to Circle for seamless future upgrades to native issuance.

According to data from the Circle official website, Circle issued 1.6 billion USDC and redeemed 1.6 billion USDC in the past 7 days, and the circulation did not change. As of November 16th, the total circulation of USDC was 24.1 billion, with a reserve of 24.2 billion US dollars, including 1.8 billion US dollars in cash, and the Circle Reserve Fund held 22.4 billion US dollars.