Tether is ‘best friend’ of US, says CEO Paolo Ardoino
While focusing on developing countries, Tether is doing its best to maintain a good relationship with the United States, Paolo Ardoino told Cointelegraph. Go to Source
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Coinbase to delist noncompliant stablecoins under EU MiCA rules
Coinbase will delist noncompliant stablecoins from its European platform by the end of December to comply with the EU’s MiCA regulations. Go to Source
Circle to Expand USDC Stablecoin to Australia and APAC Region Through Strategic Partnership
Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization … Read more
Robinhood Crypto Launches Crypto Transfers for European Users
Robinhood Crypto has introduced a major new feature for European users, allowing them to deposit and withdraw over 20 different cryptocurrencies. The new crypto transfer service includes a limited-time 1% deposit match. With this launch, the platform also reinforces its focus on self-custody, security, and decentralized finance (defi) accessibility. Robinhood Crypto Rolls Out Crypto Transfers … Read more
MHC Digital, Circle collaborate to expand USDC access in APAC region
Australian pension funds can expect a pitch soon for saving money on fees with a stablecoin. Go to Source
Fed’s dovish move to slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion. Go to Source
Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses
Vitalik Buterin noted that Celo’s second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26. Go to Source
Tether’s USDT Hits Record Market Cap Of $119.14 Billion, Dominating Stablecoin Market
Tether’s USDT has just reached an all-time high, with its market cap soaring to a staggering $119.14 billion. This milestone solidifies USDT’s position as the leading stablecoin in the cryptocurrency market, inching closer to the $120 billion mark. $USD Tether’s market cap has reached a new peak in market value, nearing $120 billion. Tether has … Read more
USDC issuer Circle launches onchain compliance platform
It’s an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether. Go to Source
Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime, bringing their onchain holdings up to … Read more
