TLDR
- Circle Ventures partners with Crossmint to grow USDC stablecoin adoption across blockchain networks
- Partnership targets AI agents as future payment users alongside human customers
- MoneyGram launches USDC app in Colombia using Crossmint technology
- USDT maintains market dominance with $173 billion market cap versus USDC’s $74 billion
- Crossmint expands partnerships with Tempo blockchain backed by Stripe and Paradigm
Circle Ventures has announced a strategic partnership with crypto infrastructure company Crossmint to expand USDC stablecoin accessibility across multiple blockchain platforms. The collaboration aims to reach billions of users worldwide through enhanced payment infrastructure.
The partnership combines Crossmint’s wallet technology and payment APIs with Circle’s USDC ecosystem. This integration creates new pathways for stablecoin adoption among both traditional users and emerging AI applications.
Crossmint emphasized that the collaboration establishes foundations for modern financial systems. The company highlighted capabilities for near-instant money transfers and global access designed for human and machine users alike.
Industry experts anticipate AI agents will become major blockchain users in coming years. These automated systems could unlock new opportunities for online commerce applications built on blockchain networks.
Coinbase developers Kevin Leffew and Lincoln Murr outlined potential AI agent use cases. They predict these systems will use stablecoins for autonomous payments including self-driving vehicle costs and automated content publication services.
Stablecoin Adoption in Emerging Markets
Countries experiencing economic instability show increasing stablecoin adoption rates. Argentina represents a key example where citizens purchase US dollar stablecoins through “crypto caves” to avoid currency restrictions.
These purchases help users protect wealth against high inflation and government currency controls. The trend demonstrates growing demand for dollar-pegged digital assets in unstable economies.
MoneyGram recently launched a cryptocurrency payments application in Colombia utilizing Crossmint’s infrastructure. The app enables Colombian users to receive and store USDC as an alternative to the depreciating peso.
With over 50 million customers across 190+ countries, MoneyGram’s adoption expands Crossmint’s user base considerably. This partnership extends stablecoin access to established money transfer networks globally.
USDT Maintains Market Leadership
Despite new USDC partnerships, Tether’s USDT remains the dominant stablecoin by trading volume and market capitalization. USDT recorded approximately $100 billion in 24-hour trading volume recently.
USDC achieved $10.3 billion in daily trading volume during the same period according to CoinGecko data. This represents roughly 10% of USDT’s trading activity.
USDT’s market cap reaches $173 billion while USDC holds $74.1 billion in total value. The gap illustrates USDT’s continued market leadership despite growing competition.
USDT supply on Tron network exceeded $80 billion in June 2024. Tron’s fast transaction speeds and low fees make USDT popular for digital dollar transfers in developing regions.
Expanding Partnership Network
Crossmint announced an additional partnership with Tempo blockchain team earlier this week. Tempo operates as a layer-1 blockchain focused on payment applications.
This collaboration supports Crossmint’s broader strategy to increase stablecoin adoption across multiple blockchain ecosystems. The partnership extends infrastructure reach beyond traditional payment networks.
Tempo received backing from payments giant Stripe, which processed over $1.4 trillion in 2024 volume. Crypto investment firm Paradigm also supported Tempo’s development as an incubator partner.
These partnerships position Crossmint as a key infrastructure provider connecting traditional finance with blockchain-based payment systems across multiple networks and applications.
