Algorand reported an annual high in transactions involving USD Coin (USDC) on its network, a milestone that marks a record level of activity for the dollar-pegged stablecoin there.
Circle issues USDC, which is intended to hold a U.S. dollar peg.
Digital Currency
Algorand reported a new annual record for USDC transactions on its network.

Algorand reported an annual high in transactions involving USD Coin (USDC) on its network, a milestone that marks a record level of activity for the dollar-pegged stablecoin there.
Circle issues USDC, which is intended to hold a U.S. dollar peg.
The Nov. 5 reading put reserves at about $70.5 billion, down about $900 million from Oct. 29, while the overnight reverse Treasury repurchase agreement balance rose to $36.6 billion.
He cited a 54.1% stablecoin share and a 41% share of tokenized assets. A separate EconoTimes analysis measured stablecoin issuance.
The 21-member group is targeting a first-half 2027 launch and says a euro-denominated token is a priority for possible expansion.