Circle, the stablecoin issuer, has partnered with Latin American fintech company MercadoPago to offer USDC in Chile. MercadoPago's mobile app will allow users to purchase or sell USDC from as little as $0.05, or $50 Chilean pesos (CLP). The partnership is expected to make it easier for Chileans to access dollar-denominated stablecoins and will help the crypto economy leave behind the idea of "fringe finance."

On August 30th, former Circle stablecoin vice president João Reginatto joined DeFi platform M^Zero as Chief Strategy Officer. Earlier, it was reported that M^Zero announced the completion of a $22.5 million seed round in April of this year, led by Pantera Capital.

Circle's CEO Jeremy Allaire announced on social media that the company's stablecoin, USDC, will launch natively on the Base network next week. This new version will replace the current USDbC, which users currently rely on as a substitute. The Base team previously allowed users to bridge USDC from Ethereum via an official bridge app, but the new native version will eventually do away with the need for a bridged coin backed by the Ethereum version. <br>

MiCA regulation of the European Union has attracted great attention as a milestone regulatory framework for the cryptocurrency industry. Aimed at comprehensively addressing the complexity of crypto assets, it has become the focus of discussion within the global cryptocurrency community. Patrick Hansen, the director of Circle, pointed out that utility tokens designed and used within specific networks are not bound by MiCA regulations. In addition, crypto asset products targeting less than 150 people in each EU member state or only qualified investors, with a total of less than 1 million euros within 12 months, are not within the scope of MiCA. Furthermore, non-transferable digital assets are not subject to the MiCA regulatory framework. It is worth noting that lending of crypto assets, including electronic currency tokens, is explicitly excluded from regulation. Cryptocurrency asset services provided in a "completely decentralized manner" are not subject to regulation. Similarly, crypto assets without identifiable issuers and lacking white papers are also not within the scope of MiCA.

Coinbase Global has announced that it will acquire an equity stake in Circle Internet Financial and shut down their jointly managed Centre Consortium, which operates the stablecoin USDC. Circle will now have full control over USDC issuance and governance, while Coinbase and Circle will continue to generate revenue from USDC reserves interest income. <br>

Coinbase is acquiring a minority stake in stablecoin issuer Circle Internet Financial. In addition, six more blockchains will receive native support for USDC, bringing the total number of supported blockchains to 15. Coinbase and Circle have not disclosed how many shares Coinbase has purchased in blog posts or interviews, nor have they specified the names of the six blockchains. Earlier in September, Circle announced plans to add support for Polkadot, Near, Optimism, and Cosmos by 2023. <br>

On August 19th, according to Circle's official website data, from August 10th to August 17th, the amount of USDC issued and redeemed by Circle was around 1.9 billion each, and the circulating supply did not change much. As of August 17th, the circulating supply of USDC is still about 26.1 billion, with a reserve fund of 26.2 billion US dollars.

According to Lookonchain monitoring, the wallet address starting with 0x74c has once again deposited 12.1 million USDC into Circle. In the past 7 days, a total of 72.1 million USDC has been deposited into Circle.

Dante Disparte, Chief Strategy Officer of Circle, called on the United States to enact stablecoin legislation in an interview. Dante Disparte stated that earlier this year, the collapse of banks in the United States led investors to enter overseas "unsafe and opaque" cryptocurrencies, and called on federal regulators to focus on stablecoin legislation, as its value should be consistent with the US dollar.

Lookonchain monitoring shows that 0x74c...441 deposited a total of 60 million USDC into Circle in the past 7 days. Among them, 47.4 million USDC was withdrawn from Binance.