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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
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Circle Stock Surges as World Chain Integrates USDC - Unchained
Circle’s stock rallied 10% following news that its USDC stablecoin had expanded to Sam Altman’s World Chain, the blockchain ecosystem linked to Worldcoin (WLD), which rebranded as World last October.
USDC’s integration into the World Chain ecosystem means the stablecoin is now natively minted on the blockchain, replacing previously bridged versions held by about 2 million users.
It enables direct conversion between fiat currency and USDC via Circle Mint, in addition to seamless cross-chain swaps thanks to Circle’s cross-chain transfer protocol, known as CCTP V2.
“This isn’t your typical stablecoin integration because World Chain isn’t your typical blockchain,” Circle said in a blog post.
This story is an excerpt from the Unchained Daily newsletter.
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Since its launch in 2023, World has faced a number of issues, including regulatory pushback over its biometric data collection process, which requires users to submit iris scans for identity verification
Its native token, WLD, also had limited utility at launch, lacking features such as staking rewards, governance rights, and significant DeFi integration
WLD is currently trading 90% below its all time high of $11.82.