Circle announced its joining of TBD, a bitcoin-focused subsidiary of Jack Dorsey's Block, and the newly established non-profit foundation of Linux Foundation, aiming to create a set of open source standards for decentralized identity, credentials, and open payments built on the blockchain.

According to Lookonchain monitoring, before the rise of BTC today, FalconX extracted 30.5 million USDC from Circle and deposited it into Binance. Since September 1st, FalconX has extracted a total of 428 million USDC from Circle, most of which has been deposited into exchanges.

According to an official announcement on October 23, Binance will support the native USD Coin (USDC) issued by Circle on the Polygon network. Deposits and withdrawals of the token on the network will be available soon. Binance already supports the cross-chain version of USD Coin (PoS) (USDC.e) and will use MATICUSDCE as the code.

Circle has issued a total of 1.4 billion USDC and redeemed 1.1 billion USDC in the past 7 days, increasing the circulation by 300 million USDC. The total circulation of USDC is 25.4 billion US dollars, with a reserve of 25.6 billion US dollars, including 1.7 billion US dollars in cash, and Circle Reserve Fund holds 23.9 billion US dollars.

Circle, a stablecoin issuer, has launched a new tool called "Smart Contract Platform" that aims to simplify the process of building Web3 apps for developers. The platform provides pre-vetted code templates and a console or REST APIs for deploying smart contracts, potentially making it easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that allows developers to pay for their users' gas fees, which could make onboarding users easier. The platform offers pre-vetted templates for creating various smart contracts, including non-fungible tokens, blockchain loyalty programs, and interactions with decentralized finance projects.

Circle Internet Financial, the issuer of the USDC stablecoin, released an upgraded version of its Web3 programmable encrypted wallet on Thursday. The wallet allows merchants to take over and pay for their customers' transaction fees. According to the press release, this new feature called "Gas Station" allows businesses to use ERC-4337 to pay people to sponsor users' gas fees - the cost of transferring on the blockchain. Circle says the feature was initially launched on the Polygon (MATIC) mainnet and testnet, as well as the Ethereum (ETH) testnet, and will later be expanded to more blockchains.

Circle announced on X platform that its cross-chain transfer protocol (CCTP) has been launched on Solana Devnet. CCTP enables secure USDC transfers between blockchains through native destruction and minting processes. After CCTP logs into the Solana mainnet, developers and users can transfer USDC from Ethereum and other networks to Solana without permission.

Circle has launched its euro-backed stablecoin, EURC, on the Stellar blockchain, making it the third chain on which EURC is available. The stablecoin can be sent, spent, held, and traded around the world with low-cost, near-instant transactions. EURC will integrate with aid disbursement and cash assistance systems, and Circle plans to work with Stellar to provide financial assistance to those affected by humanitarian crises. Latin American crypto services provider, Ripio, is also expanding to Spain and adding EURC on Stellar to their in-app crypto wallet.

On September 14th, according to an official announcement, Circle announced a partnership with Southeast Asian multi-functional online service platform Grab to integrate Circle's new Web3 service platform into the Grab application, providing new Web3 wallet experiences for its customers in Singapore.

On September 8th, according to Cointelegraph, Aave, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz have formed the Tokenized Asset Alliance (TAC) and become its founding members. However, any organization that agrees with the vision of "creating a unified financial system on the blockchain" can join the TAC charter.