Stablecoin

Stablecoin

Markets

Circle Rockets After Stablecoin Bill Clears Senate, Pushes Post-IPO Rally to Over 500%

Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.

Jeremy Allaire, Co-Founder, Chairman and CEO. (Shutterstock/CoinDesk)

Finance

Coinbase Debuts Stablecoin Payment Stack Following Shopify Partnership

With Coinbase Payments, the company said it aims to offer fast, global USDC transactions for merchants without needing blockchain expertise.

Coinbase (appshunter.io/Unsplash)

Markets

Ark Invest Dumps Nearly $45M Worth of Circle Shares as U.S. Senate Passes GENIUS Act

The GENIUS Act is seen as a major win for stablecoin issuers like Circle and the crypto industry at large.

Cathie Wood, CEO of ARK Invest, at Consensus 2024. (Suzanne Cordiero)

Finance

Latin America Oil, Gas Deal Worth $75M Gets Tokenized as RWA Momentum Builds

Tokenization specialist Global Settlement said the deal marks the first fully tokenized capital stack for an operational energy asset.

(Unsplash/Getty Images)

Finance

CoinDesk Indices, Sentora Unveil Stablecoin Overnight Rates to Mirror Money Market Tools

The CoinDesk Overnight Rates (CDOR) convert USDC and USDT stablecoin borrowing data on Aave into daily benchmarks to support hedging and rate-based products.

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

Finance

Tether Buys $82M Stake in Gold-Focused Investment Company Elemental Altus

Tether referred to increasing its exposure to gold as a "dual pillar strategy", alongside its holdings of over 100,000 BTC

Tether CEO Paolo Ardoino on stage at Cantor Fitzgerald's event in New York (Helene Braun/CoinDesk)

Markets

Bitcoin-Based Stablecoin Network Plasma Raises Deposit Cap to $1B, Gets Filled in 30 Minutes

Depositors earn the right to participate in the sale based on their final units at the time of the lock-up.

Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)

Finance

UK's OpenTrade Raises $7M to Expand Stablecoin Yield Access in Inflation-Hit Markets

OpenTrade is expanding real-world asset-backed yield access in Latin America and Europe.

Money (Mufid Majnun/Unsplash)

Finance

Stablecoin Fever With Circle Soaring Another 40%: Apple, X Among Those Reportedly Wanting In

According to Fortune, the tech giants are in early talks with crypto firms to add stablecoin payments to reduce fees.

(A.C./Unsplash)

Finance

Stablecoin Connector BVNK Partners With Chinese Cross-Border Payments Firm LianLian

The deal facilitates stablecoin payments across LianLian’s network of merchants in over 100 countries.

Tokenized Treasuries has become a $3.5 billion asset class as demand and DeFi integration soared.(Ryan Quintal/Unsplash, Modified by CoinDesk)