ChainCatcher news, stablecoin issuer Circle's CEO Jeremy Allaire recently participated in a 40-minute interview, where he disclosed that the dominance of the US dollar stablecoin in the market is a continuation of the global financial system. Most international trade, transactions, and financial products are priced in US dollars, so the demand for stablecoins naturally centers around the US dollar. Additionally, regional stablecoins like the euro and yen will gradually grow in adoption in their local markets, with Euro Coin becoming the largest euro stablecoin in the market.Jeremy Allaire also stated that Hong Kong has become a core area for Circle's business development. As an important hub for global trade and capital flow, Hong Kong will assist Circle in expanding its business in the Asian market. Currently, Circle is establishing currency exchange services in Hong Kong to facilitate local users in creating and exchanging USDC at any time.

ChainCatcher news, Franklin Templeton announced today that users of the Benji Investments platform can exchange USDC for USD to fund their investment in shares of the Franklin OnChain U.S. Government Money Fund, with one fund share representing one "BENJI token."

ChainCatcher news, Coinbase stated that when institutional clients exchange a net amount of USDC for USD exceeding $75 million within 30 days, a conversion fee will be required.Among them, transactions between $75 million and $150 million will incur a fee of 0.1%; transactions between $150 million and $500 million will incur a fee of 0.15%; exchanges exceeding $500 million will incur a fee of 0.2%.Coinbase further stated that Coinbase Prime clients holding assets over $500 million on the platform or maintaining an average of $100 million in USD/USDC per month will be exempt from conversion fees.