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USDC Launching on Polygon PoS, Base and Polkadot Blockchains

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Today’s Cryptocurrency Headline

Circle Internet Financial, now the sole organisation in charge of managing USDC, is set to announce the stablecoin will be launching on six new blockchains that include Polygon PoS, Base, Polkadot, NEAR, Optimism and Cosmos via the Noble network, according to a person familiar with the matter. Earlier this week, Circle and Coinbase said they had reorganised their relationship with regard to USDC. Besides disbanding the Centre Consortium, which had managed the governance of USDC since its founding in 2018, Coinbase also acquired a stake in Circle.

BingX’s Bitcoin Chart

Source: TradingView & BingX

BTC quickly rebounded after breaking through the sideways range and successfully surpassed the upper boundary of the range at 💲26,300, forming a new consolidation range. The current resistance level is at 💲27,000, with support at 💲26,300. Without new policy news affecting the market, it is difficult to see sustained trends, and more likely to continue with oscillations.

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