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Visa, Mastercard Race to Capture a $253 Billion Crypto Threat
A turf war is breaking out in the vast world of digital payments - and the incumbents are suddenly on defense.
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Criminal Stablecoin Use Continues Growing, Task Force Says
A new report says stablecoins now account for most illicit activity on crypto ledgers. As per the new report from the Financial Action Task Force found that a wide array of illicit actors — including terrorists, drug traffickers and North Korean hackers — have stepped up their use of stablecoins since the group’s last report on digital assets...
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Coinbase Launches Stablecoin Payments Service for E-Commerce
Coinbase is launching a platform designed to make stablecoins a go-to payment method for online transactions. The payments initiative could help add new sources of revenue, according to Mark Palmer, analyst at Benchmark.
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US Senate Passes Stablecoin Bill in Milestone for Crypto Industry
US' stablecoin-focussed GENIUS Act, received bipartisan support, with several Democrats joining most Republicans to back the proposed federal rules. It passed 68-30. The House of Representatives passed a stablecoin bill last year but the Senate.
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Coinbase Announces American Express-Backed Crypto Credit Card That Offers Bitcoin Rewards
Coinbase has introduced a crypto credit card in partnership with American Express. A blog post by Coinbase claimed that the card would waive trading fees on the first $500 (roughly Rs. 43,000) earned in trades. Meanwhile, USDC stablecoin holders will be able to gain additional rewards.
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US Senators Seek Details on Meta's Stablecoin Plans as GENIUS Act Stands Close to Approval
US senators Elizabeth Warren and Richard Blumenthal have asked Meta CEO Mark Zuckerberg to clarify whether the company intends to launch its stablecoin. The letter to Meta, dated June 11, follows a recent Fortune report that claimed the company is exploring stablecoins to facilitate cost-effective cross-border payouts.
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South Korea’s Ruling Party Unveils Plan to Allow Stablecoins
South Korea's newly elected President, Lee Jae-myung plans to permit local companies to issue stablecoins in South Korea. The country is already a hotbed for crypto activity. More than a third of the population, or around 18 million people, participate in digital-asset markets.
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Stablecoin Firm Circle Adds to Stellar First Day Gains with Another Stock Surge
Circle's stock went as high as $123.49 (roughly Rs. 10,566), nearly four times its $31 (roughly Rs. 2,650) offer price and valuing the company at $32.1 (roughly Rs. 2,74,676 crore) billion on a fully diluted basis. The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-dri...
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Uber Reportedly Exploring Stablecoin Adoption to Cut Cross-Border Transfer Costs
Uber is looking to reduce the costs of processing international money transfers, and it is now analysing if stablecoins can help in the process. Dara Khosrowshahi, the CEO of Uber, spoke about Uber's ongoing stablecoin study phase during the Bloomberg Tech conference held this week in San Francisco.
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Stablecoin Giant Circle's Shares Surge in Blowout NYSE Debut
Circle Internet's shares more than doubled in their debut on the New York Stock Exchange on Thursday. The New York-based company's stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356 crore), on a fully-diluted basis.
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Stablecoin Issuer Circle Raises $1.05 Billion in Upsized US IPO
USDC-issuer Circle priced its upsized US initial public offering (IPO) at $31 (roughly Rs. 2,660) apiece, raising $1.05 billion (roughly Rs. 9,001 crore), adding fresh momentum. Circle will start trading on the NYSE under the symbol "CRCL" on Thursday.
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BlackRock Said to Plan to Buy Shares in Circle Internet IPO
BlackRock plans to acquire about 10 percent of the shares offered in Circle. The stablecoin issuer and some of its shareholders including co-founder and Chief Executive Officer Jeremy Allaire are seeking to raise as much as $624 million (roughly Rs. 5,333 crore) in the offering.
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Stablecoin Giant Circle Targets $6.7 Billion Valuation in US IPO
New York-based Circle and some existing investors are looking to raise up to $624 million (roughly Rs. 5,339 crore) by offering 24 million shares priced between $24 (roughly Rs. 2,053) and $26 (roughly Rs. 2,225) a piece. Circle is offering 9.6 million shares in the offering.
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Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
-
What is US' Stablecoin-Focussed GENIUS Act: Everything to Know
The US stablecoin bill has advanced to the House of Senate for the final approval. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, this legislation aims to set clear rules around the issuing and management of stablecoins in the US. Â
-
Visa, Mastercard Race to Capture a $253 Billion Crypto Threat
A turf war is breaking out in the vast world of digital payments - and the incumbents are suddenly on defense.
-
Criminal Stablecoin Use Continues Growing, Task Force Says
A new report says stablecoins now account for most illicit activity on crypto ledgers. As per the new report from the Financial Action Task Force found that a wide array of illicit actors — including terrorists, drug traffickers and North Korean hackers — have stepped up their use of stablecoins since the group’s last report on digital assets...
-
Coinbase Launches Stablecoin Payments Service for E-Commerce
Coinbase is launching a platform designed to make stablecoins a go-to payment method for online transactions. The payments initiative could help add new sources of revenue, according to Mark Palmer, analyst at Benchmark.
-
US Senate Passes Stablecoin Bill in Milestone for Crypto Industry
US' stablecoin-focussed GENIUS Act, received bipartisan support, with several Democrats joining most Republicans to back the proposed federal rules. It passed 68-30. The House of Representatives passed a stablecoin bill last year but the Senate.
-
Coinbase Announces American Express-Backed Crypto Credit Card That Offers Bitcoin Rewards
Coinbase has introduced a crypto credit card in partnership with American Express. A blog post by Coinbase claimed that the card would waive trading fees on the first $500 (roughly Rs. 43,000) earned in trades. Meanwhile, USDC stablecoin holders will be able to gain additional rewards.
-
US Senators Seek Details on Meta's Stablecoin Plans as GENIUS Act Stands Close to Approval
US senators Elizabeth Warren and Richard Blumenthal have asked Meta CEO Mark Zuckerberg to clarify whether the company intends to launch its stablecoin. The letter to Meta, dated June 11, follows a recent Fortune report that claimed the company is exploring stablecoins to facilitate cost-effective cross-border payouts.
-
South Korea’s Ruling Party Unveils Plan to Allow Stablecoins
South Korea's newly elected President, Lee Jae-myung plans to permit local companies to issue stablecoins in South Korea. The country is already a hotbed for crypto activity. More than a third of the population, or around 18 million people, participate in digital-asset markets.
-
Stablecoin Firm Circle Adds to Stellar First Day Gains with Another Stock Surge
Circle's stock went as high as $123.49 (roughly Rs. 10,566), nearly four times its $31 (roughly Rs. 2,650) offer price and valuing the company at $32.1 (roughly Rs. 2,74,676 crore) billion on a fully diluted basis. The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-dri...
-
Uber Reportedly Exploring Stablecoin Adoption to Cut Cross-Border Transfer Costs
Uber is looking to reduce the costs of processing international money transfers, and it is now analysing if stablecoins can help in the process. Dara Khosrowshahi, the CEO of Uber, spoke about Uber's ongoing stablecoin study phase during the Bloomberg Tech conference held this week in San Francisco.
-
Stablecoin Giant Circle's Shares Surge in Blowout NYSE Debut
Circle Internet's shares more than doubled in their debut on the New York Stock Exchange on Thursday. The New York-based company's stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356 crore), on a fully-diluted basis.
-
Stablecoin Issuer Circle Raises $1.05 Billion in Upsized US IPO
USDC-issuer Circle priced its upsized US initial public offering (IPO) at $31 (roughly Rs. 2,660) apiece, raising $1.05 billion (roughly Rs. 9,001 crore), adding fresh momentum. Circle will start trading on the NYSE under the symbol "CRCL" on Thursday.
-
BlackRock Said to Plan to Buy Shares in Circle Internet IPO
BlackRock plans to acquire about 10 percent of the shares offered in Circle. The stablecoin issuer and some of its shareholders including co-founder and Chief Executive Officer Jeremy Allaire are seeking to raise as much as $624 million (roughly Rs. 5,333 crore) in the offering.
-
Stablecoin Giant Circle Targets $6.7 Billion Valuation in US IPO
New York-based Circle and some existing investors are looking to raise up to $624 million (roughly Rs. 5,339 crore) by offering 24 million shares priced between $24 (roughly Rs. 2,053) and $26 (roughly Rs. 2,225) a piece. Circle is offering 9.6 million shares in the offering.
-
Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Some of the largest banks in the US are exploring whether to team up to issue a joint stablecoin. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are reportedly part of the discussions.
-
What is US' Stablecoin-Focussed GENIUS Act: Everything to Know
The US stablecoin bill has advanced to the House of Senate for the final approval. Dubbed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, this legislation aims to set clear rules around the issuing and management of stablecoins in the US. Â
