Circle


Markets

U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan

Without significant expansion, the new wave of stablecoin launches may simply redistribute market share rather than grow the pie, said the bank.

The chart shows combined market value of top two stablecoins, USDT and USDC. (TradingView/CoinDesk)

Markets

Galaxy, Circle, Bitfarms Lead Crypto Stock Gains as Bitcoin Vehicles Metaplanet, Nakamoto Plunge

The sharp moves happened amid a relatively muted action in the broader crypto market, with bitcoin modestly up above $114,000.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Markets

Circle's USDC Market Share 'On a Tear,' Says Wall Street Broker Bernstein

USDC supply has surged to $72.5 billion, 25% ahead of Bernstein’s 2025 estimates.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Policy

Stripe's Tempo Blockchain Is a 'Referendum on the Ghost of Libra,' Says Libra Co-Creator

Christian Catalini warns that corporate-led blockchains like Stripe’s Tempo and Circle’s Arc risk repeating the compromises that doomed Libra’s open vision.

U.S. dollar and other major banknotes

Tech

Popular DEX Hyperliquid Moves Forward to Launch Proprietary Stablecoin

A proprietary stablecoin could reduce Hyperliquid's dependency on USDC and potentially capture a part of the revenues from reserve assets.

U.S. dollar (Unsplash, modified by CoinDesk)

Finance

Fireblocks Dives Further Into Stablecoins With Intro of In-House Payments Network

The stablecoin network is designed to provide higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems.

Left to right: Fireblocks co-founders Pavel Berengoltz, Michael Shaulov and Idan Ofrat. (Fireblocks)

Finance

Finastra Taps Circle to Bring USDC Settlement to $5T Global Cross-Border Payments

Integrating USDC into Finastra’s payments hub aims to cut costs and speed up international transfers.

(Sandali Handagama/ CoinDesk)

Finance

South Korea’s Top Banks Said to Meet Tether, Circle on Stablecoin Partnerships: Report

In separate meetings, executives from Shinhan, Hana, KB Financial and Woori Bank will explore the role of dollar-pegged and won-pegged stablecoins in the country.

A view of Seoul, the capital of South Korea

Finance

Bullish's $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market

Stablecoins used in the settlement include dollar- and euro-pegged tokens of Circle, Paxos, PayPal, Ripple and Societe Generale, among others.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Crypto Bull Market Could Run Till 2027, With Major Upside for HOOD, COIN, CRCL: Bernstein

Bernstein reiterated its outperform rating on Robinhood and lifted its price target on the stock to $160 from $105.

Crypto market breadth improves. (ArtTower/Pixabay)