Circle's IPO filing reveals surprising revenue-sharing arrangement with Coinbase as USDC maintains stability despite market pressures.
TD Cowen says hurdles "can still be overcome given how many Democrats are supportive of the need to enact a stablecoin bill."
Sony Electronics' Singapore has added cryptocurrency payments in partnership with crypto exchange Crypto.com.
Circle’s initial public offering (IPO) filing has drawn sharp criticism from industry insiders, who question its Bitcoin strategy and broader financial stability. While the company is best known for issuing the USDC stablecoin, its recent filings have revealed details that have prompted skepticism across the crypto space. Heavy on altcoins, light on Bitcoin and Ethereum […]
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Centre Consortium was a joint venture responsible for issuing the USDC stablecoin, now the world's second most popular by supply.
The issuer of the USDC stablecoin is aiming again to go public after an attempted SPAC merger in 2021 never materialized.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is exploring the integration of Circle’s stablecoin products—USD Coin (USDC) and US Yield Coin (USYC)—across its financial infrastructure. According to a March 27 announcement, the initiative will examine how these stablecoins could be integrated across ICE’s exchanges, clearing operations, and market data […]
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The top five yield-bearing stablecoins, including Ethena's USDe, have seen rapid growth since the U.S. election, JPMorgan analysts said.
USDC is distributed across multiple blockchains, with Ethereum holding the most at 36.2 billion tokens, followed by Solana with 10 billion.
World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin. According to a March 25 announcement, USD1 will launch first on Ethereum and Binance Smart Chain, with further blockchain integrations planned. The digital asset is designed to […]
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Circle and SBI got the green light to launch USDC in the country earlier this month.
Circle CEO Jeremy Allaire said USDC has become the 'first and only stablecoin' approved by Japanese regulators to be available on exchanges.
The country's largest digital wallet platform now offers support for stablecoins via USDC.
Alex Andryunin may also receive a lighter sentence following the agreement, pending court approval, but cannot withdraw his guilt plea.
As speculative assets face significant headwinds, Ethereum's stablecoin ecosystem continues to demonstrate resilience and utility.
Early in 2025, there was a significant surge in the stablecoin market, with a $20 billion increase in total supply. With a 10% increase from January, the total supply now stands at almost $205 billion. The spike, according to data from Glassnode, comes after a dip in late 2024, when the supply of stablecoins fell from $187 billion to $185 billion. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Stablecoins See A Strong Rebound For trading cryptocurrencies, stablecoins—like USDT and USDC—often act as a reserve for investors expecting the right time to buy assets like Bitcoin. The most recent rise shows that investor interest has surged, especially in view of last year’s slow down. Since Jan 1, the aggregate #stablecoin supply has increased by $20.17B (+10.9%), now reaching more than $205B. For comparison, the December peak clocked in at $187B but the supply actually contracted in the last two weeks of 2024 and dropped to $185B by January 2025. pic.twitter.com/gQbdMEDisb — glassnode (@glassnode) March 13, 2025 Given the previous fall, this comeback is especially notable. For most of 2024 the market has been losing stablecoins; but, this trend has lately reversed. Although past patterns suggest that Bitcoin’s price may be impacted, it is unknown whether this increase will lead to a rise in purchases of cryptocurrencies. Bitcoin Investors Watching Closely A growing stablecoin supply is often seen as a bullish sign for Bitcoin. Historically, the price of Bitcoin has risen in line with the stablecoin count. The reasoning is simple: more stablecoins mean more potential capital just waiting to be entered into the market. Some analysts believe this fresh injection could push Bitcoin higher. However, not all stablecoins are used for trading. Many are held for remittances, payments, or as a hedge against inflation, especially in countries where local currencies are unstable. As of today, the market cap of cryptocurrencies stood at $2.65 trillion. Chart: TradingView Stablecoin Exchange Holdings Drop 21% While the total supply is rising, only 21% of stablecoins are currently sitting on exchanges. This is a significant drop from 2021, when over 50% of the supply was available for immediate trading, Glassnode disclosed. This shift suggests that while new coins are being issued, they are not all being deployed into crypto markets right away. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? This could point to one of two possibilities: either stablecoins are being used more often outside of exchanges or investors are still waiting for the suitable moment. Should the latter prove right, the impact on Bitcoin could be less notable than expected. What This Means For Bitcoin’s Future The stablecoin market is currently experiencing a resurgence, which is generally a favorable development for the cryptocurrency sector. However, it is uncertain whether this will result in a short-term increase in the price of Bitcoin. Stablecoin utilization has fluctuated, and additional economic variables will contribute to this development. At the time of writing, Bitcoin was trading at 82,264, down 1.1% and 6.9% in the daily and weekly frames. Featured image from Warwick Business School, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hyperliquid said there had been no exploit or hack of the protocol, but its liquidation engine could not handle the size of the position.
CCTP V2 enables nearly instant USDC transfers between blockchains with new feature, reducing blockchain transaction times from minutes to seconds.
The update reduces cross-chain 'transaction settlement time to seconds, compared to an average of 13 to 19 minutes.'
The Thai Securities and Exchange Commission (SEC) has approved the use of the largest two stablecoin assets, Tether (USDT) and Circle’s USD Coin (USDC), in digital asset transactions. According to a recent statement, this decision allows these stablecoins to serve as base trading pairs on exchanges, support investments in Initial Coin Offerings (ICOs), and facilitate […]
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Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM) and certain tokens used in the Bank of Thailand’s settlement system were approved.
Stablecoins have surged since the U.S. election amid economic shifts and U.S. Treasury strategy.
Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC.
A WSJ article delved into the contrasting styles between Tether's Giancarlo Devasini and Circle's Jeremey Allaire.
The launch is accompanied by a new “points” campaign, which will provide alternative ways to earn yield or future rewards.
SBI VC Trade will be the first to list Circle’s stablecoin under the country’s new payments framework.
SBI VC Trade has become Japan’s first company to receive official approval to handle stablecoins like USD Coin (USDC), marking a significant step in the country’s crypto market. On March 4, the firm announced its registration as an “Electronic Payment Instruments Business Operator” under Japan’s updated regulatory framework. This milestone allows the platform to facilitate […]
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The move, set to take effect on March 31, will impact nine stablecoins, including Tether (USDT), First Digital USD (FDUSD) and Dai (DAI).