Visa stablecoin plan, debt’s ceiling impact on Bitcoin worth: Hodler’s Digest, April 23-29

Circle launched a cross-chain protocol that permits USDC transfers between the and blockchains. The protocol works by burning the chosen quantity of native USDC on the supply chain, and minting an equal quantity of latest USDC on the supposed vacation spot chain. The protocol primarily makes USDC transfers between the 2 networks quicker and extra user-friendly, as previous to its launch, folks had to make use of third-party bridges or a Circle associate to facilitate transfers between the 2 networks. Further assist for and different blockchains will probably be added later in 2023.

Cuy Sheffield, the pinnacle of crypto at Visa (NYSE:), introduced a brand new cryptocurrency-related challenge, on April 24, targeted on stablecoin funds. Particulars are sparse at this stage; nevertheless, Sheffiled shared a job itemizing regarding the challenge, with the outline noting that the Visa Crypto Staff is constructing the subsequent era of merchandise to facilitate commerce in everybody’s digital and cellular lives. The job itemizing is looking for candidates with a great understanding of layer-1 and layer-2 options, alongside expertise with writing sensible contracts utilizing the programming language Solidity, amongst different issues.

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