Banks already issue 29% of euro stablecoins, and a 37-bank consortium is next Euro stablecoins carry 8.5% of onchain card spending, more than 30 times their share of supply Euro stablecoin card spending reached $459 million in the twelve months to September, more than…
Circle's launch of its blockchain network this quarter buoyed its earnings as it is preparing for an increase in stablecoin adoption. Allaire also called Circle's stablecoin, USDC, "the world's largest regulated digital dollar." In its most recent earnings report, Circle…
Circle Internet Group reported a 17% increase in third-quarter revenue and reserve income to $865 million, supported by a $182 million token presale, while disclosing a 5% workforce reduction as income from its USDC stablecoin reserves declined. The USDC issuer’s net income from continuing…
Canadian Tire Corporation, Ltd (CTC), the owner of the SportChek, Sports Experts, Pro Hockey Life, Hockey Experts, and Atmosphere sports banners in Canada, is investing CN$200 million in its Mark’s stores banners through 2028, reportedly an effort to build on the…
A $250.4 million USDT transfer from Bitfinex to Tether Treasury was the largest. Exchange-to-unknown-wallet transfers totaled $295.8 million, compared with $186.5 million moving to an exchange. Eight transfers involving Tether USDt (USDT) and Bitcoin (BTC) totaled $1.11 billion in the three hours ending at…
BPMG, a blockchain and artificial intelligence company, has announced that its US-based subsidiary, ARACORE, has entered into a memorandum of understanding (MOU) with DOZN, a fintech company listed on South Korea’s KOSDAQ market. Under the agreement, the two companies will…
Threshold Network has confirmed that its Bitcoin-backed token remains fully backed, even as the tBTC security pause continues on the bridge that creates and redeems it. In its November 4 update, the team said no funds have been lost, while deposits,…
Eurex Clearing becomes the first hybrid central counterparty to integrate traditional and digital business under one clearing framework, one rulebook, and one unified risk model. Eurex Clearing will seamlessly integrate native digital instruments into its established ecosystem, becoming the world’s…
Circle recorded $865 million in third-quarter revenue and reserve income on Nov. 4, with ARC token presale revenue offsetting weaker earnings from USDC reserves. Net income from continuing operations increased 5% year over year to $226 million. The results show growth, but much of…
Banks risk losing ground to digital asset platforms if they delay responding to the growing use of stablecoins and tokenised deposits, according to executives from StraitsX and SC Ventures by Standard Chartered, who argued that changing customer behaviour and demand…
Tether's USDT, Circle's USDC and the other stablecoins, their issuers, and stablecoin payments and adoption.
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