USDC Dominates DeFi Stablecoin Market
@Circle’s USDC remains dominant in DeFi despite potential new competitors, as analysts highlight its extensive network integration and market share. #Update #Crypto $USDC (+3) ↗
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Stablecoin Circle Raises 1.1B in IPO
Circle’s IPO raises $1.1B, valuing the firm at $6.9B; BlackRock to acquire 10% of shares as stablecoin regulation advances. #Update #Crypto $USDC (+5) ↗
Stablecoin Circle Eyes $7.2B IPO Valuation
@Circle is targeting a $7.2 billion valuation in its upcoming IPO, with @BlackRock planning to acquire 10% of shares. #Update #Crypto $USDC (+6) ↗
Cryptocurrency: Tether Invests in Orionx Exchange
@Tether_to invests in Chilean crypto exchange Orionx to enhance stablecoin infrastructure across Latin America, boosting financial access for underprivileged communities. #Update #Crypto (+5) ↗
Ripple Stablecoin Approved in Dubai
@Ripple’s RLUSD stablecoin approved by the Dubai Financial Services Authority for use in DIFC, enhancing cross-border payment solutions. #Update #Crypto $RLUSD (+6) ↗
Stablecoin Bill Approval Imminent in Senate
The U.S. Senate may approve the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act this week, impacting $250B stablecoin market cap with new regulations. #Update #Legal $USDT (+6) ↗
Stablecoin Circle Boosts IPO Valuation
@Circle plans to raise up to $896M through its IPO, targeting a $7.2B valuation by selling 32M shares at $27-$28 each this week. #Update #Crypto (+6) ↗
Stablecoin Bill Nears US Senate Vote
The US Senate may pass the GENIUS Act, a stablecoin bill, by week’s end if consensus is reached, despite potential derailment by the Credit Card Competition Act. #Update #Legal (+3) ↗
Bitcoin Surge Tether Backs $100M Investment
@TwentyOneCapital raises $100M via convertible notes to expand Bitcoin holdings, aiming to surpass MARA Holdings in BTC assets. #Breaking #Crypto $BTC (+8) ↗
Stablecoin Market Nears $250B Milestone
The stablecoin market grew by $1.31 billion this week, nearing a $250 billion total market cap, just $2.42 billion away from the milestone. #Update #Crypto (+4) ↗
Crypto: Santander Unveils Stablecoin Services
@Openbank, part of Banco Santander, plans to launch stablecoins and expand crypto services, focusing on USD-pegged options for Latin America under MiCA regulations. #Update #Crypto (+4) ↗
Stripe Explores Stablecoin Integration Talks
@Stripe is in early discussions with banks to integrate stablecoins for global payments, highlighting their growing role in digital finance. #Update #Crypto (+3) ↗
Stablecoin Launch Gold-Backed USDKG Kyrgyzstan
Kyrgyzstan launches $USDKG, a gold-backed stablecoin, as part of its national Web3 strategy with government support and third-party audits for transparency. #Update #Crypto $USDKG (+6) ↗
Bitcoin Tether Holds 100K BTC Gold
Tether (@Tether_to) now holds over 100,000 $BTC and 50 tons of gold, strengthening its reserves with diverse assets. #Update #Crypto $BTC (+7) ↗