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Circle’s Blockchain Sparks Clash Over Future of Digital Payments

Markets

Emily Mason, Olga Kharif

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August 19, 2025

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Bloomberg

When Circle Internet Group Inc. went public this summer, it marked a milestone: stablecoins — once a niche crypto utility — were stepping into the financial mainstream and USDC, its dollar-pegged token, cemented itself as a cornerstone of digital-asset infrastructure.

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