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Circle is set to launch its U.S. Dollar-pegged stablecoin , USDC, on the Celo blockchain network . Initially a standalone blockchain network , Celo is transitioning to become a part of the Ethereum network as a Layer 2 scaling solution, aiming to improve its performance and capacity. 1/ Native $USDC is coming to @Celo! Celo is a mobile-first and EVM-compatible blockchain network that’s built for the real world and designed for fast, low-cost payments worldwide. Explore what native USDC on Celo means for the ecosystem. https://t.co/ctUn9yWLDb — Circle (@circle) January 30, 2024 “Circle is proud to join the mission-driven Celo ecosystem as a blockchain that’s known for providing fast, low-cost payments worldwide,” Shamus Noonan, Senior Manager of Business Development at Circle, said in a statement. “This partnership will help broaden access for USDC and leverage Celo’s mobile-first user-base in regions where blockchain adoption is highest....

Back during the crypto bull run of 2021, Circle announced its plans to become a public company through a merger via a special purpose acquisition company (SPAC). But last December 2022, Circle CEO Jeremy Allaire said that they “did not complete the SEC qualification in time”. However, Circle executives told earlier this year that going public was a key part of the company’s strategy. But the company is still not sure on the timeline of its public listing. Speaking to Blockworks, a company spokesperson added: “We are not prepared to put a specific deadline on the decision, but we will be taking steps to continue our journey to go public as soon as practicable”. Also, a job posting by circle , looking for corporate counsel hints at these plans. The job description reads: The professional would be tasked with “assisting with potential going public SEC process” as well as “supporting the building out of our public company policies, practices and processes”. ...

Payments giant Mastercard has partnered with Stables to provide USDC payments in the APAC (Asia Pacific) region. Stables is an Australia-based stablecoin platform. The firm has developed a stablecoin-only wallet, which comes with a card powered by Mastercard. We've partnered with @ Mastercard and @circle to allow people to spend $ USDC anywhere Mastercard is accepted – that's over 54 million locations worldwide! pic.twitter.com/KE8PS0bEOz — Stables (@stables_money) March 21, 2023 Stables’ wallet is capable of accepting deposits in other stablecoins as well, such as Tether (USDT) and Binance USD (BUSD). However, all deposits are automatically converted to USDC at zero charges. The integration is anticipated to go live in June, Q2 2023. Mastercard ’s USDC payments will be first available in Australia. However, the payment option will later be available throughout Europe, the US, the UK, and most of Asia Pacific. Stables co-founder and CEO, Erez Rachami...