Crypto exchange Bullish disclosed on Aug. 19 that part of its $1.15 billion IPO proceeds was received in a mix of stablecoins, including Ripple’s RLUSD on the XRP Ledger and President Donald Trump-affiliated USD1. The firm said these tokens were among several digital assets involved in the settlement process, which also included Circle’s USDC and […]
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Bernstein raised its price targets for Coinbase, Robinhood and Circle, saying policy tailwinds and surging volumes could push the bull market into 2027.
The offer will apply to new and existing USDC users looking to move onto Base, the Layer 2 network incubated by Coinbase.
The analysts give a base case for CRCL of $84 and bear case of $40 through 2027, down from Wednesday's closing price of $153.16.
Investors worry about Tether's U.S. entry and other pressures, but Circle's regulatory and liquidity position offer an edge, Bernstein said.
USDC stablecoin issuer Circle has announced plans to launch Arc, its own enterprise-focused Layer 1 blockchain, according to an Aug. 12 statement. According to the firm: “Arc aims to establish itself as foundational infrastructure for regulated money movement, supporting a globally distributed financial system.” Circle said Arc will integrate fully with its existing platform while […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Circle unveiled plans for its own stablecoin-focused Layer 1 blockchain, Arc, on Tuesday, expected to launch on public testnet this fall.
A growing number of workers are now getting paid in crypto. In 2023, just 3% of those surveyed said part of their salary arrived as digital tokens. By 2024, that share jumped to 9.6%. Related Reading: Bitcoin Remains ‘Undefeatable’, Tether Chief Says This shift comes as blockchain firms and DAOs explore new ways to handle cross-border pay. Reports have disclosed that purely fiat payments fell from 95% to 85% over the same period. Our mission is to support the long-term success of both our portfolio companies and the broader crypto ecosystem. One major gap we’ve consistently seen? Reliable, transparent compensation data for crypto teams. That’s why we created our annual Crypto Compensation Survey – a… — Pantera Capital (@PanteraCapital) August 6, 2025 Rise In Crypto Payroll According to Pantera Capital’s 2024 Blockchain Compensation Survey, USDC leads the pack. It now makes up over 60% of all crypto wages. USDT trails with 28%. Smaller slices go to Solana at 1.9% and Ethereum at 1.3%. These numbers point to stablecoins becoming a regular tool for payroll. That’s a big change from just a year ago. Many companies are drawn by faster settlement times and lower fees. And workers in regions with shaky banking systems see real benefit. Reports have disclosed that Asia-based teams and contractors are among the biggest drivers of this trend. They often rely on stablecoins to avoid high transfer costs or strict local rules. A handful of firms now let staff split pay between cash and crypto. This hybrid model gives people the freedom to hold tokens or spend fiat. It also helps those who want to dollar-cost average into crypto markets. Pantera’s data shows these arrangements are on the rise, though full-crypto pay remains rare. Stablecoin Salaries Soar Circle’s decision to publish monthly reserve reports has strengthened trust in USDC. The company even secured access to US Treasuries for its backing. That transparency helps explain why more payroll departments pick USDC over other coins. Tax teams also get clearer data when they see monthly reserve disclosures. Related Reading: Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back Behind the scenes, better payroll platforms and accounting tools have made on-chain payments simpler. Real-time rails now link digital wallets to corporate treasuries. And more firms are building internal processes to track taxable events. Based on reports from industry insiders, this is only the beginning. As more crypto-native companies formalize their operations, they’ll need reliable ways to pay people. And wider acceptance by regulators could give traditional firms the confidence to join in. Featured image from Young Platform, chart from TradingView
Circle's stock is down about 50% from its all-time high, but it still trades significantly higher than its IPO price.
The total on-chain stablecoin transaction volume surged to a new all-time high of $1.5 trillion in July, marking a significant milestone in the sector. According to Sentora’s (formerly IntoTheBlock) data, this figure represents a sharp increase from the $1.26 trillion processed in June and surpasses the previous high seen in August 2024, when volumes topped […]
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Cardano (ADA) has achieved a significant milestone with the successful completion of its first-ever on-chain governance vote. For the first time, core development funding has been directly approved by the Cardano community, marking a significant step forward in the blockchain’s transition to fully decentralized governance. Reacting to the milestone, Cardano’s founder, Charles Hoskinson, shared his thoughts on the network’s progress. Cardano Enters New Era Of Decentralized Governance The Cardano ecosystem has reached a pivotal moment in its growth and evolution, marking a historic milestone with the recent execution of its first governance vote. The landmark event signals the beginning of a new phase for the blockchain, where decisions around core development funding are now being made directly by the community rather than centralized entities. Related Reading: Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish Divergence Signals Rally Hoskinson publicly acknowledged the significance of the event in an X social media post on August 3. He praised the community for their support and trust, reinforcing the belief that decentralized governance is not just a vision but now an operational reality within the Cardano ecosystem. Hoskinson’s remarks came in response to an earlier post by Input Output Global (IOG), a blockchain research and development company behind Cardano’s development. IOG had commemorated the blockchain’s recent governance achievement by stating that the Cardano community had officially made history. The governance vote had approved direct funding for core development initiatives, representing a foundational shift in how the Cardano ecosystem grows and evolves. Rather than relying on a small group of decision-makers, the blockchain now empowers its global community to determine resource allocation collectively. Input Output Global praised both Cardano and its community’s efforts, calling the recent milestone the beginning of a new era of decentralized governance. Notably, the broader crypto community is already responding with enthusiasm, with many offering congratulations and support as Cardano celebrates this landmark event. The network’s successful governance vote sets a powerful precedent in the crypto industry, showcasing the potential of a blockchain governed directly by its users. Cardano Becomes Only Top 10 With On-Chain Governance In addition to its historic governance vote, Cardano has emerged as the only top 10 cryptocurrency by market capitalization to implement on-chain governance, setting a new benchmark for how blockchain ecosystems are managed and governed. Related Reading: A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH According to a report by Cardanians (CRDN) on X, the blockchain’s governance framework is actively functioning, with 39 treasury withdrawal proposals currently open for voting. These proposals allow Delegated Representatives (DReps) and the broader community to directly participate in shaping the ecosystem by deciding which initiatives receive funding and move forward. As of now, none of the other top 10 blockchains, including Bitcoin, Ethereum, XRP, USDT, Binance Coin, Solana, USDC, Tron, and Dogecoin, have matched Cardano’s level of on-chain decision-making power. While these cryptocurrencies continue to lead in various areas, Cardano stands out as the 10th-largest cryptocurrency by market cap with a uniquely advanced governance system. Featured image from Adobe Stock, chart from Tradingview.com
Ethena’s USDe market cap soared 75% to $9.3 billion, becoming crypto’s third-largest stablecoin, as regulatory clarity and new custody rails lure fresh capital.
The analysts estimate Circle paid more than half of the total interest income it earned from USDC reserves to Coinbase.
Visa has added support for PayPal’s PYUSD, Paxos-issued USDG, Circle’s EURC, along with the Stellar and Avalanche blockchains.
Circle will bring native USDC and CCTP v2 to Hyperliquid, shifting the DEX from bridged dollars to directly issued USDC with 1:1 cross-chain transfers.
TradFi apologists can't imagine what a crypto-based financial system can offer, according to Bitwise CIO Matt Hougan.
Institutional exchange clients can now hold the tokenized money market fund for use as off-exchange collateral for derivatives trades.
Anchorage will issue Ethena’s USDtb onshore, providing the first GENIUS‑compliant stablecoin and bringing the asset under U.S. federal oversight.
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
Beijing once warned of stablecoin risks. Now it’s turning to them to help stem the growth of U.S. dollar-pegged tokens in Asia.
Hyperliquid's trading momentum has been substantial, processing over $150 billion in volume during July alone.
Non-bearer tokenized bank deposits settle at face value between accounts, unlike stablecoins, which can trade below par, JPMorgan said.
Euler Labs has partnered with crypto payments startup Brahma on a new credit card enabling users to make “real-world payments."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Standard Chartered says a $750 billion stablecoin market size could influence Treasury issuance and emerging market stability.
The reward rate for USDC on the exchange is 4% as of July 2025, but rates are subject to change by Coinbase.
If pro-crypto legislation passes through Congress over the coming days, "crypto will never be the same" again, Hougan said.
The analysts also see growth in Ethereum and Solana reinforcing their investment case as the cycle broadens beyond bitcoin.
The market capitalization of the two largest stablecoins — USDT and USDC — reached new records this week, a sign that capital is flowing into digital asset markets.