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The number of professionals that are receiving their salaries in crypto has tripled between 2023 and 2024 with USD Coin (USDC) the preferred payment option amid Circle’s enterprise push, a report by Pantera Capital found The findings were based on more than 1,600 responses from people living across 77 countries that all work in the crypto industry.  Pantera Capital said in its report that 9.6% of crypto professionals were paid in digital assets in 2024, up from the 3% figure in 2023. Circle’s USDC Leads The Way In Payrolls Despite Tether’s USDT being the largest stablecoin by market cap and the most traded in terms of daily volumes, rival token USDC emerged as the clear favorite for crypto payments. In the report, the firm said that USDC accounted for 63% of all crypto payrolls. Pantera Capital added that they initially thought USDC’s dominance had something to do with the survey being skewed “more western.”  “After digging in...

Circle announced this week that USDC became the first stablecoin to gain compliance with new Canadian digital asset regulations. Canada’s new regulations call for delisting noncompliant stablecoins after December 31st. Circle’s compliance means USDC, which aims to maintain a 1:1 peg with the US dollar, can trade on crypto exchanges in the Canadian market, according to a new press release. Dante Disparte, chief strategy officer and head of global policy at Circle, says the new development underscores the stablecoin issuer’s regulatory efforts. “The Canadian Securities Administrators’ proactive approach in providing a digital asset regulatory framework reinforces the integrity of digital asset markets, while ensuring continued reliance on USDC across Canada’s burgeoning ecosystem.” The announcement comes as Circle launched a new wave of layoffs, Bloomberg reports. A company spokesperson tells the news outlet the downsizing was routine...

Bitcoin maxis have branded Coinbase an ‘enemy of Bitcoin’ and accused it of ‘cultural misappropriation’ after the crypto exchange decided to sell pizza with USDC on Bitcoin Pizza Day. On May 22, Coinbase set up a pizza truck selling slices for $1 worth of USDC. Coinbase said it was “celebrating how far crypto has come since 2010 in helping to create a cheaper, faster system.” However, some crypto enthusiasts weren’t impressed by the USDC pricing. Users on X (formerly Twitter) claimed the crypto exchange should be ‘ashamed,’ questioned why the truck wouldn’t accept bitcoin, and said Coinbase is behaving like a ‘bad actor.’ BREAKING NEWS Bitcoin Maxis are attempting to destroy the Coinbase pizza truck. pic.twitter.com/XQGshtGTIe — rasmr (@rasmr_eth) May 22, 2024 One attendee filmed themselves next to the Coinbase truck claiming, “The Bitcoin pizza guys are trying to beef with Coinbase .” One man can then be seen walking by with a sign that reads “ It’s Bitcoin ...

Coinbase has announced the expansion of its services to emerging economies, with an initial focus on 20 countries in Africa. The crypto exchange revealed in a blog post on Jan. 11 that it is now focusing on African markets through its new partnership with Yellow Card, an on-and-off ramp service for cryptocurrencies in Africa. Crypto is here to stay — helping drive a more open, access ible, and global financial system. Coinbase products will now be available in Africa, starting with 20 countries across the continent. Learn more about our partnership with @yellowcard_app: https://t.co/IsZueHmbOU pic.twitter.com/Y0oZOwwdxr — Coinbase ️ (@coinbase) January 11, 2024 With the partnership between Yellow Card and Coinbase‘s investment arm, Coinbase Ventures, the U.S.-based crypto exchange aims to provide millions of users with access to Circle’s USDC stablecoin on Base, a layer-2 network developed by Coinbase. The exchange added that starting from February, users fro...