Nearly a month after the collapse of Terra Luna brought crypto prices down across the market, Bitcoin is still trading under $30,000. Despite price rallies in Bitcoin above $32,000, it has not been able to recover to above $40,000 where it was before the crypto crash in May.
Crypto today is not all about negative prices, however. Despite the collapse of UST, it is stablecoins that are dominating crypto news headlines.
Checkout.com to use USDC to settle out-of-hours payments
Online payments giant Checkout.com has begun using the USDC stablecoin to settle payments.
The USDC adoption will allow for round-the-clock payment processing including weekends and public holidays. This will speed up payments as compared with traditional schemes with which Visa and Mastercard operate, which often means merchants do not receive funds for several days.
Checkout.com is the latest major financial body to enter crypto, following Stripe’s integration that lets Twitter users receive USDC.
USD Coin...
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