The analysts reaffirmed their $230 price target for Circle, citing USDC's expanding market share and growing traction for Arc and CPN.
Circle's stock fell 12.2% to close at $86.3 on Wednesday despite the company reporting strong earnings in Q3.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
RedStone's latest report predicts that yield-bearing stablecoins, staking products, and tokenized assets will grow under the GENIUS Act.
New Visa Direct pilot lets businesses send dollar-backed stablecoins like USDC to users’ digital wallets for near-instant access to earnings.
Visa now supports direct stablecoin payouts, starting with Circle’s USDC, through a new pilot designed for creators and gig workers.
The negotiations, which began earlier this year and progressed to an exclusivity agreement in October, were expected to value BVNK between $1.5 billion and $2.5 billion.
The Monad public token sale on Coinbase is scheduled for Nov. 17–22 ahead of the Monad mainnet launch on Nov. 24.
Her comments come as institutions recalibrate BTC forecasts, with Galaxy turning cautious and JPMorgan projecting renewed upside.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Analysts say traders are actively seeking yield-generating opportunities during a broader profit-taking in the market.
In a recent CNBC interview, Jeremy Allaire outlined dollar-priced fees, fast finality, and privacy for Arc, while pointing to rising USDC use in emerging markets.
The Singapore liquidators are seeking to recover assets stolen from Multichain, including $63 million worth of USDC.
USDC's market cap has surged 72% since January to $74 billion, far outpacing USDT's 32% growth, JPMorgan said.
USDC leapfrogged USDT in onchain activity as regulatory clarity pushes investors toward transparent and compliant stablecoins.
Visa’s growing stablecoin network positions it as the key infrastructure player in blockchain payments, while individual tokens risk becoming commoditized assets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
More than 100 firms across finance, payments, and technology are participating in the network's early development.
Canada aims to outline stablecoin rules in its Nov. 4 budget, as experts say U.S. GENIUS Act momentum risks pulling capital south.
Early Warning Services, which operates Zelle, has launched an initiative designed to explore international transfers using stablecoin technology.
Analysts from the banking giant upgraded Coinbase to overweight from neutral and raised its price target on the stock to $404 from $342.
The institutional liquidity provider’s new platform says it will let users exchange stablecoins like USDT and USDC across multiple blockchains without fees.
Regulation and new players are driving stablecoin momentum and paving the way for a new internet “money layer,” the broker said
The tie-up will help position “USDC at the core of the Safe ecosystem,” making it “a home for institutional stablecoin DeFi."
Circle's regulatory compliance, liquidity head start, and partnerships with Coinbase and Binance are among the catalysts, the analysts said.
The Arcium-powered project attracted more than 10,000 participants, exceeding its $750,000 minimum target by more than 200x.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A new Coinbase-funded pilot in New York is exploring how crypto aid via dollar-backed stablecoin USDC could change the lives of young adult residents.
Coinbase CEO Brian Armstrong said the crypto exchange's next goal is to achieve $100 billion in onchain borrow originations.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.