Circle says USDC ‘is a dollar with super powers’ at WEF, pushes for more inclusion News ▸ USDC ▸ Stablecoins
Circle says USDC ‘is a dollar with super powers’ at WEF, pushes for more inclusion
Circle spoke to over a dozen leaders in the World Economic Forum to "reset the crypto narrative with an emphasis on inclusive growth."
1 min read
Updated: Jun. 23, 2023 at 10:43 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
USD Coin (USDC) founder Circle attended the World Economic Forum (WEF) to explain “why USDC is a dollar with super powers.”
The WEF took place between Jan. 16 and Jan. 20, 2023, in Davos and hosted over 1,500 industry leaders as well as government representatives from around the globe.
According to Circle’s announcement, the event had primary importance for the company. Circle stated that they utilized the WEF platform to:
“…reset the crypto narrative with an emphasis on inclusive growth, sustainability and use cases rooted in the utility value of USDC and blockchain technology. “
Circle hosted over a dozen conversations with the participants of the WEF, where it summarized the evolution of money and the regulatory approaches to crypto that promotes responsible innovation.
Circle said it also emphasized its vision that the “future of money should include everyone.”
Growing USDC
According to Circle’s “State of the USDC Economy” report published on Jan. 17, USDC in circulation grew from zero to $45 billion in four years. It is the native currency of eight blockchains, supported by wallets from 190 different countries, and has over 200 integrated protocols.
Almost a year ago, in February 2022, USDC started to grow its share in the stablecoin market and started to challenge Tether’s (USDT) dominance. USDC continued to grow its presence amongst stablecoins despite the bear market, According to CryptoSlate research from Jan. 10, 2023. Based on the data from Jan. 10, USDC currently holds more transfer volume, while USDT remains to be the largest stablecoin in the market.
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Posted In: USDC, Stablecoins
Author 
Zeynep Geylan
Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.
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USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Tether
$1.00059
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Circle
Circle Internet Financial Ltd is a global internet finance company, built on blockchain technology and powered by crypto assets.