Circle CEO: 70% of USDC adoption comes from outside the US
Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing. Go to Source
Stablecoins
Auto Added by WPeMatico
‘Historic week’ as stablecoin, self-custody bills advance to House floor
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets. Go to Source Powered by WPeMatico
Circle CEO spells doom scenario for US dollar in warning to Congress
Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar. Go to Source Powered by WPeMatico
Will $30K be a new springboard for Bitcoin bulls?
Bitcoin margin and futures markets display strength as institutional appetite surges after multiple spot ETF requests. Go to Source Powered by WPeMatico
Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines. Go to Source Powered by WPeMatico
This bearish technical pattern hints at a double digit drop in Bitcoin price
Inflation concerns and the U.S. debt standoff cast a long shadow over Bitcoin’s dwindling bullish prospects. Go to Source Powered by WPeMatico
Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins. Go to Source Powered by WPeMatico
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion. Tether’s Strategic Shift: Profits to Fuel Bitcoin Acquisition Tether, the company behind the crypto economy’s largest … Read more
Binance to Withdraw From Canadian Market Due to Regulatory Climate
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance Bows Out of Canada Due to Regulatory Guidance The cryptocurrency exchange Binance has decided to withdraw … Read more
The US should promote USDC — before it’s too late
USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption. Go to Source Powered by WPeMatico