USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens
Cross-chain swaps can now be routed through USDC and transferred via CCTP to a new chain without the need for a traditional web3 bridge

Insights into USDC adoption, stablecoin regulation, and integration across global financial systems.
Wintermute CEO Evgeny Gaevoy says Tether risks losing ground if it does not improve operational efficiency.
Binance says the move is geared toward enhancing liquidity and capital efficiency for its users.
Today, the stablecoin market is worth a combined $153 billion, with the two most prominent players still $USDT and $USDC.
Further analysis reveals stablecoin exchange withdrawals is a current industry-wide pattern.
Coingecko data showed that USDT's supply rose by 2.6% in 30 days to $67 billion, while USDC declined 2.1% to $53 billion.
Buterin has called MakerDAO’s idea of converting its reserve into Ethereum a “risky and terrible idea.”