Visa Starts US Stablecoin Transactions Using USDC on Solana
Simply put Visa is set to allow its U.S. partners to settle transactions using stablecoins, beginning with Solana’s USDC. This initiative follows a global pilot program initiated in 2023. The monthly issuance of stablecoins has surpassed an annual run rate of $3.5 billion. Visa is expanding its stablecoin services to include settlements in the U.S. […]
CFTC to Test Tokenized Collateral in Derivatives Markets Beginning with Bitcoin, Ethereum, and USDC
Simply put This pilot program will enable futures commission merchants (FCMs) to accept Bitcoin, Ethereum, and USDC as margin, with enhanced reporting requirements. The updated guidance specifies how tokenized U.S. Treasury securities and money market funds can be incorporated under existing CFTC regulations. Notably, a prior staff recommendation that limited the use of digital assets […]
BTC, ETH, and USDC Used as Collateral in CFTC Crypto Pilot
CFTC Launches Pilot Program for Digital Assets The Commodity Futures Trading Commission (CFTC) has initiated a pilot program targeted at certain digital assets, including Bitcoin and Ethereum, which can be utilized as collateral in the U.S. derivatives market, along with stablecoins like USD Coin (USDC). This program was revealed by Acting Chairman Caroline Pham and […]
USDC Overwhelms Exchanges: Are Traders Taking Advantage of the Bitcoin Decline?
Recent USDC Inflows Signal Potential Bitcoin Purchases Recent data indicates a notable inflow of USDC into exchanges, which might suggest that investors are looking to make spontaneous Bitcoin purchases. According to an analysis by CryptoQuant’s Maartunn, the USDC exchange inflows have seen several spikes lately. This “exchange inflow” metric tracks the amount of a specific […]
Myriad Reaches $10M in USDC Trading Volume as Prediction Markets Emerge as a New Area of DeFi
Myriad Protocol’s Ambitious Forecast Market Plans Myriad Protocol has reported over $10 million in USDC trading volume, driven by its mission to transform information into a trading asset. With more than 500,000 users participating, it’s clear that there’s significant interest in this innovative platform. Loxley Fernandes, co-founder and CEO of Myriad, emphasized that the goal […]
Circle Partners with Finastra to Introduce USDC Settlement to $5 Trillion Global Payments
Finastra Partners with Circle for Payment Hub Integration Finastra, a financial technology company based in London that works with some of the largest banks globally, announced on Wednesday that it will integrate its payment hub with Circle’s USDC Stablecoin. This collaboration provides banks with an option to conduct cross-border transfers using digital tokens. The integration […]
FIS and Circle to Assist Financial Institutions in Utilizing USDC Stablecoin
FIS has announced a partnership with Circle to enable financial institutions to trade using the USDC stablecoin. This collaboration integrates FIS’s infrastructure solutions with Circle’s stablecoin technologies, as stated in a press release on July 28. This partnership aims to facilitate domestic and cross-border payments for US financial institutions using USDC. Jim Johnson, co-president of […]
Circle’s USDC Rises Following Buy Rating from Wall Street Firm
Simply put Circle (CRCL) has gained recognition as a leading cryptocurrency after Seaport Global initiated coverage with a buy rating and set a price target of $235, seeing a jump of 14% to $228. This surge is expected to be supported by the Senate’s passage of the Stabilization Act, which aims to create a federal […]
Coinbase and Shopify collaborate for USDC payments
Cryptocurrency Developments and Partnerships As interest in Bitcoin, Ethereum, and other cryptocurrencies continues to rise among investors, traditional financial institutions on Wall Street are adapting to these changes. This week’s highlights showcase how established financial players are intersecting with the emerging world of digital currencies. Coinbase Teams Up with Shopify for USDC Payments On Thursday, […]
Circle Stock Rises as USDC Stablecoin Expands to Sam Altman’s World Chain
Simply put Circle’s stock has surged by over 10% today as the Stablecoin expands its operations to a global chain. The company’s value is currently about four times its IPO price, sitting at roughly $28.34 billion. USDC is now natively supported on a total of 21 blockchains. Circle, the major player in the Stablecoin market, […]