Circle and Near Invest $14M in Remittances App for Indian Diaspora

Quick Summary:

The app currently has 500,000 monthly actively users.

A 2024 report outlined that the stablecoin sector had settled $10.8 trillion worth of transactions in 2023, of which $2.3 trillion were related to payments and cross-border remittances.

Circle is the issuer of USDC, a stablecoin pegged to the U.S.dollar that has a market cap of $59 billion.

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Article Details

Author / Journalist: Oliver Knight

Category: Crypto

Markets: United StatesCubaIndia

Topics: Finance Circle Near Remittances

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 15:29:14 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 210 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27370882

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

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News Last Updated: 8 hours ago

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