Stablecoins

Stablecoins

Markets

Citizens Starts Circle Coverage With Market Perform Rating on Stablecoin Growth, Valuation

Circle is positioned to benefit from surging stablecoin adoption and supportive regulation, but the company’s valuation already reflects much of the upside.

Circle Internet President Heath Tarbert

Markets

Stablecoin Market Surges on U.S. Regulation, With Circle's USDC Gaining Ground: JPMorgan

The bank's analysts said the GENIUS Act has fueled a 42% jump in stablecoin growth this year, with Circle’s USDC chipping away at Tether’s dominance.

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

Finance

Tether Adds $1B in Bitcoin to Reserves as USDT Supply Nears $175B, Blockchain Data Shows

The crypto firm behind the largest stablecoin has been accumulating bitcoin alongside gold over the past few years.

Bitcoin (modified by CoinDesk)

Markets

Bakkt Shares Still Look Cheap After 170% Rally: Benchmark

The firm has opportunities in three areas: crypto infrastructure, stablecoin payments and its bitcoin treasury strategy.

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

Finance

Deutsche Börse, Circle to Integrate Stablecoins Into European Market Infrastructure

The deal marks the first collaboration between a major European exchange operator and a global stablecoin issuer, the companies said.

Deutsche Börse trading floor

Finance

Societe Generale’s Crypto Arm Deploys Euro and Dollar Stablecoins on Uniswap, Morpho

The bank’s regulated stablecoins EURCV and USDCV will be used in DeFi lending and trading.

SocGen sign outside an office building

Markets

OKX SG Brings USDT and USDC Scan-to-Pay to Singapore’s Everyday Shopping

The OKX Pay service involves collaboration with crypto infrastructure provider StraitsX and Southeast Asia's "everyday everything" app Grab.

The Merlion in Singapore (PokkO/Shutterstock)

Finance

AllUnity and Stripe’s Privy Join Forces to Enable Euro Stablecoin Payments

Integration allows fintechs and enterprises to settle in EURAU, claimed to be the first euro stablecoin under BaFin’s e-money license.

Euro. (jojooff/Pixabay/Modified by CoinDesk)

Finance

Tether and Circle Are ‘Printing Money’ but Competition Is Coming: Wormhole Co-Founder

Platforms like M^0 and Agora are addressing the issue by allowing stablecoin infrastructure to be built to route yield to applications or directly to end users.

Money on a printer (Clay Banks/Unsplash)

Finance

Softbank, Cathie Wood's Ark Among Potential Investors in Tether Fundraising: Report

The USDT stablecoin issuer is reportedly looking to raise up to $20 billion at a valuation of $500 billion, which would make it one of the most valuable private companies in the world.

Tether (CoinDesk)