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Circle’s USDC Is First to Cross Europe’s Stablecoin Threshold

Circle’s USDC has become the first stablecoin classified as a significant e-money token by the European Banking Authority (EBA), separating it from 44 other notified e-money tokens in the European…

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Coinbase CEO Brian Armstrong Challenges Banks as Stablecoin Rewards Fight Grows

Coinbase CEO Brian Armstrong says USDC rewards should not be treated like bank-deposit interest, arguing that fully reserved stablecoins pose fundamentally different risks from fractional-reserve banking. His comments sharpen a…

Continue ReadingCoinbase CEO Brian Armstrong Challenges Banks as Stablecoin Rewards Fight Grows

Circle Now Lets Institutional Clients Borrow USDC Against Their Bitcoin

Stablecoin issuer Circle is courting crypto-owning institutions, launching a lending service on Monday that lets them borrow USDC against their bitcoin holdings. Circle, the company behind the USDC stablecoin, has…

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Blackrock and Visa Now Validate Circle’s Arc; So Do Two XRP Ledger Partners

Circle has opened Arc’s public mainnet with 11 founding validators drawn almost entirely from traditional finance. At least two of them are also among Ripple’s closest commercial partners. The Validator…

Continue ReadingBlackrock and Visa Now Validate Circle’s Arc; So Do Two XRP Ledger Partners