Tagged: stablecoins

June 12, 2025 @ 4:36 pm By Omar Faridi  |  

World Network continues to make significant strides in its mission to create a globally inclusive digital identity and financial ecosystem. Recent developments, including its launch in the United Kingdom, integration of Circle’s USDC and Cross-Chain Transfer Protocol (CCTP) V2, and advancements in privacy-preserving data practices,… Read More

June 11, 2025 @ 5:38 pm By JD Alois  |  

The GENIUS Act, stablecoin legislation, is poised to move towards a Senate floor vote following a Cloture Motion, which was approved 68 to 30 with two members not voting. Senator Bill Hagerty of Tennessee sponsored the legislation. A cloture motion is a procedure that ends… Read More

June 11, 2025 @ 1:43 pm By Omar Faridi  |  

Circle’s recent unveiling of the Circle Payments Network (CPN) marks a significant milestone in the evolution of global financial systems. Announced recently, CPN leverages stablecoins to transform cross-border payments, a market estimated at $190 trillion. This infrastructure aims to streamline money movement across borders, currencies,… Read More

June 11, 2025 @ 9:13 am By JD Alois  |  

The Payments Association has asked the Chancellor of the Exchequer, Rachel Reeves, to clarify the position on stablecoins. The Association notes that during her last comment addressing digital assets this past April, it did not include any updates on the stablecoin sector. In November 2024,… Read More

June 6, 2025 @ 4:33 pm By JD Alois  |  

Circle Internet Group (NYSE:CRCL) ended the week on a high note for its initial public offering (IPO). Shares in Circle were initially priced at $31/share, but it seems underwriters may have left some money on the table as shares closed today at $107.53 each, rising by… Read More

June 6, 2025 @ 8:43 am By JD Alois  |  

Circle Internet Group (NYSE:CRCL) blew the doors off its listing on the New York Stock Exchange (NYSE) yesterday. While the pricing was set at $31/share, higher than initially anticipated, Circle quickly topped expectations as it closed regular trading at $83.23 – a 168% increase over… Read More

June 5, 2025 @ 8:54 am By Omar Faridi  |  

The rise of stablecoins, digital currencies pegged to assets like the U.S. dollar, is significantly increasing demand for U.S. Treasury bills while solidifying the dollar’s position as the world’s leading reserve currency, according to a recent report by Citigroup. The report highlights how stablecoins, such… Read More

June 3, 2025 @ 10:11 pm By Omar Faridi  |  

Recently, a significant milestone unfolded in the digital asset space as four industry groups—the Blockchain Association, Crypto Council for Innovation, DeFi Education Fund, and The Digital Chamber—issued a joint statement endorsing the Guiding and Establishing National Innovation for US Stablecoins Act of 2025, commonly known… Read More

June 1, 2025 @ 7:04 pm By Tony Zerucha  |  

Even with the short week, Web3 was busy discussing cybersecurity disclosure, stablecoins and security vulnerabilities with AI agents. Read more below. Repealing cybersecurity incident public disclosure requirements is a big mistake “It would be a huge mistake for the SEC to repeal the cybersecurity incident… Read More

May 30, 2025 @ 12:58 pm By JD Alois  |  

DealMaker, a tech-enabled online investment platform serving the full stack of securities exemptions, is now accepting stablecoin transactions. In a widely distributed email, CEO and co-founder Rebecca Kacaba said that following the clarification by the Securities and Exchange Commission (SEC) that stablecoins are not securities,… Read More

May 30, 2025 @ 12:40 pm By Tony Zerucha  |  

This week, Velocity, a financial infrastructure platform, announced a $10 million pre-seed funding round. It was led by Activant Capital, with participation from Fuel Ventures, Triton Capital, Fabric Ventures, Commerce Ventures, and Preface Ventures. Strategic shareholders include current or former executives from Stripe, Worldpay, Visa,… Read More

May 30, 2025 @ 12:13 pm By Omar Faridi  |  

Circle, the issuer of USD Coin (USDC), is making significant strides to enhance the security and efficiency of global financial transactions. Two recent developments—the introduction of a graph-based approach to blockchain fraud prevention and the launch of the Circle Payments Network (CPN)—highlight Circle’s commitment to… Read More

May 29, 2025 @ 11:54 am By JD Alois  |  

The Crypto Council for Innovation, an advocacy group for the digital asset sector, is welcoming the two consultations launched by the UK Financial Conduct Authority addressing the clarity of regulation for the digital asset industry, including the key stablecoin industry. The consultations cover the issuance… Read More

May 29, 2025 @ 11:35 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is in the midst of two consultations that will impact digital assets or crypto. As the world has taken a recent change in embracing digital asset innovation, the FCA wants to stay in the game, supporting responsible innovation and… Read More

May 29, 2025 @ 8:38 am By JD Alois  |  

Eunice is entering the stablecoin sector by offering a due diligence and monitoring service. Founded in 2022, Eunice is a B2B AI solutions provider for the digital asset sector. Eunice’s platform supports token classification, risk analysis, and asset disclosure requirements. As the stablecoin sector is… Read More

May 28, 2025 @ 9:47 pm By Omar Faridi  |  

Conduit, a cross-border payments platform powered by stablecoins, announced it closed a $36 million Series A funding round. The funding round was co-led by Dragonfly and Altos Ventures, “with participation from Sound Ventures, Commerce Ventures, DCG, Circle Ventures (the issuer of the USDC stablecoin) and… Read More

May 28, 2025 @ 9:30 am By Tony Zerucha  |  

Federal oversight of stablecoins is forthcoming. Last month, the House Financial Services Committee reviewed the STABLE Act (HR 2392). Introduced by Chairman French Hill and Rep. Bryan Steil, the STABLE Act expands federal oversight of stablecoins by strengthening compliance mechanisms and providing clear rules for their… Read More

May 27, 2025 @ 9:45 am By Omar Faridi  |  

On the back of Hong Kong passing the stablecoin bill, Evan Auyang, Group President of Animoca Brands, thinks it signals that this city is doing what few other jurisdictions have achieved: offering stablecoin issuers real, regulatory clarity without stifling innovation. And the timing is telling,… Read More

May 26, 2025 @ 8:20 am By Omar Faridi  |  

US banks have been exploring the launch of a joint stablecoin initiative. Greg Waisman, Chief Operating Officer at Mercuryo, a payment infrastructure platform in the digital token space has noted: “The prospect of a consortium of leading US banks entering the cryptocurrency market with a… Read More

May 22, 2025 @ 8:12 am By Omar Faridi  |  

Schuman Financial announced a native integration of its MiCA-compliant euro stablecoin EURØP onto the XRP Ledger (XRPL). This marks a step toward “bringing compliant euro-denominated stablecoins into active use on one of the world’s most widely used blockchains.” EURØP is a fully euro-backed and redeemable… Read More