Crypto infrastructure platform Transak has secured a $16 million funding round led by Tether and IDG Capital to accelerate the development of its stablecoin payment network. The investment […]
Circle Launches Arc: A New Enterprise-Grade Blockchain for Secure Financial Transactions
Stablecoin issuer Circle has unveiled Arc, a groundbreaking blockchain platform designed specifically for enterprise-level financial transactions. This innovative open-source Layer-1 network promises high scalability and reliability for stablecoins […]
USDC Mint Exceeds $250 Million, Signaling Growth in Crypto Ecosystem
A significant milestone has been reached in the cryptocurrency world as Whale Alert reports a substantial USDC mint exceeding $250 million. This event is indicative of growing demand […]
Circle Launches ARC Blockchain for Stablecoin Efficiency
Circle is preparing to launch ARC, a dedicated Layer 1 blockchain platform designed to facilitate smooth operations for stablecoins. The announcement was reported by PANews and Zoomer on […]
Do Kwon Expected to Plead Guilty in $40B TerraUSD Collapse Case
Terraform Labs co-founder Do Kwon is expected to change his plea and plead guilty in a U.S. criminal case concerning the $40 billion collapse of the TerraUSD stablecoin […]
Binance Whale Sends $339 Million in USDC to Unidentified Wallet
A recent, massive transfer of 339.175 million USDC from Binance has sent ripples through the cryptocurrency community. This transaction, flagged by Whale Alert, involved a substantial sum moving […]
Paxos Reverses Course: Focuses on Stablecoin Compliance Instead of Full Banking License
Blockchain infrastructure firm Paxos has shifted its strategy, abandoning plans to obtain a full banking license in the United States. Instead, Paxos will focus on adhering to the […]
GENIUS Act Might Trigger Shift in Stablecoin Usage, Fueling Tokenization Demand
A key provision of the US GENIUS Act, banning interest-bearing stablecoins, might inadvertently accelerate the adoption of tokenized financial assets. While the ban aims to curb yield-earning potential […]
Ant Group Denies Rumors of Rare Earth-Backed Stablecoin Project
Rumors circulating online suggesting a joint venture between China Rare Earth Group, Ant Group, and the People’s Bank of China (PBoC) to develop a rare earth-backed RMB stablecoin […]
Bullish Cryptocurrency IPO Raises $4.8 Billion, Driven by Stablecoin Expansion
Crypto exchange Bullish is increasing its IPO valuation to reach $4.8 billion after expanding the offering size. The company, which owns crypto media outlet CoinDesk, plans to sell […]
Paxos Seeks National Trust Bank Status to Enhance Regulatory Compliance
Stablecoin issuer Paxos has filed for a national trust bank charter with the U.S. Office of the Comptroller of Currency (OCC), joining Ripple and Circle in seeking federal […]
Paxos Seeks Trust Bank License to Broaden Financial Services
Paxos, a company known for its work on stablecoins and blockchain infrastructure, has announced its intention to obtain a trust bank license in the United States. This move […]
Stablecoin Market Hits Record High of $270 Billion
The stablecoin market is experiencing unprecedented growth, shattering previous records and propelling its capitalization to a staggering $270.3 billion. This surge in adoption fuels speculation about the potential […]
South Korea Fuels Stablecoin Frenzy; CRCL and ENA Surge
Stablecoin adoption is experiencing a rapid surge in South Korea, with Circle’s CRCL stock topping trading activity among investors. Korean demand for stablecoins has seen a significant uptick, […]
Ethena Rallies 16%, Reaches New Highs, Driven by USDe Growth and Ethereum’s Momentum
Ethena (ENA) has experienced a significant price surge, surpassing $0.85 on August 11th, marking a 16% jump from the previous day. This rally is fueled by several factors, […]