@Circle’s CEO Jeremy Allaire forecasts a yuan-backed stablecoin within 3-5 years, highlighting Hong Kong’s role in cross-border payments and the evolving tech competition among currencies. #Update #Crypto $USDC
Ripple and Kyobo Life Insurance are pioneering Korea’s first tokenized government bond settlement, enhancing real-time execution and operational efficiency. #Update #Blockchain $XRP
Tether backs a $134M funding round for Stablecoin Development Corporation, aiming to enhance stablecoin infrastructure and adoption. #Update #Crypto $USDT
Stables partners with Mansa to launch a liquidity layer for USDT corridors in Asia, targeting 60% of global stablecoin flows underserved by local banks. #Update #Crypto $USDT
Paxos Labs secures $12M led by Blockchain Capital to launch Amplify, a digital asset utility suite. Hyperbeat hits $510K AUM days after launch. #Update #Fintech
Y Combinator invests $500K in Totalis using $USDC via Solana, marking its first all-stablecoin deal, highlighting faster blockchain funding. #Update #Crypto $USDC
Clearbank Europe becomes the first Dutch credit institution to complete MiCA’s CASP notification, enabling EURC and $USDC stablecoin services in the EU. #Update #Crypto $USDC
White House report finds stablecoin yield ban minimally impacts bank lending, with only 0.02% increase; most reserves recirculate in banks, challenging deposit outflow concerns. #Update #Crypto
Stablecoin transactions could propel the market to $1.5 quadrillion by 2035, driven by a $100 trillion generational wealth transfer to Millennials and Gen Z, who favor digital currencies for payments. #Update #Crypto $USDT
Circle launches CPN Managed Payments, enabling banks and PSPs to settle in $USDC without holding crypto. Partners include Thunes and Worldline. #Update #Crypto $USDC
Morph projects stablecoin volumes to hit $312B in 2025, surpassing Visa and Mastercard, with SWIFT potentially launching a stablecoin layer by 2027. #Update #Finance
Onchain investigator ZachXBT reports Circle failed to promptly freeze $420M in illicit USDC flows since 2022, missing hacks, including a $232M Drift Protocol exploit. #Breaking #Crypto $USDC
Stablecoin supply rises to $315B as institutional flows boost $USDC, highlighting increased demand in the crypto market. #Update #Stablecoin $USDC
Connecticut victim T.M. to recover $600K in $USDT from a Ledger phishing scam after U.S. authorities’ blockchain analysis traced and seized funds. #Update #Crypto $USDT
