Circle files for IPO to raise up to $624 million amid stablecoin growth
Price range set between $24.00 and $26.00 per share. Offering led by J.P. Morgan, Citigroup, and Goldman Sachs. 9.6 million shares offered by Circle, 14.4 million by existing holders. Circle…
Ripple raises offer for Circle as stablecoin race intensifies
The deal would give Ripple control over USDC’s $61 billion market cap. The proposed $11 billion valuation would make it one of the largest transactions in crypto history. Coinbase may…
US senate advances stablecoin legislation after clearing procedural vote
Landmark legislation aimed at establishing a regulatory framework for stablecoins in the United States took a significant step forward in the Senate on Monday night, as lawmakers voted to overcome…
Coinbase CEO pushes for US stablecoin rules as Senate weighs GENIUS Act
A three-year compliance period is proposed for digital asset firms. Democrats raise concerns about national security and money laundering. Crypto leaders say the US risks falling behind Europe and Asia…
Crypto news today: Stablecoin bill stalls as democrats raise concerns about Trump’s personal crypto interests
Senate Democrats, led by Sen. Gallego, signaled opposition to advancing the current stablecoin (GENIUS Act) bill. Concerns stem from President Trump’s increasing personal financial ties to crypto ventures (memecoin, family-linked…
Tether plans new US dollar stablecoin as reserves near $120 billion amid Washington lobbying
Q1 2025 audit shows excess reserves down to $5.6 billion from $7 billion. Tether’s reserves are managed by Cantor Fitzgerald, raising scrutiny over potential conflicts. Competitor World Liberty Financial, backed…
Abu Dhabi firm uses Trump-linked stablecoin for $2 billion Binance deal
Trump-linked stablecoin USD1 selected for $2B Binance investment by Abu Dhabi firm MGX. USD1’s rapid rise: Stablecoin backed by U.S. Treasuries hits $2.1B in circulation. Justin Sun’s Tron to integrate…
Tether says XAUT stablecoin holds 7.7 tons of gold stored in Switzerland
Tether’s XAUT token has appreciated alongside the rising price of gold amid increasing global economic uncertainty. Tether noted that XAUT hit a record high price of $3,423 last week, driven…
Stablecoin market set to top $1.6 trillion by 2030, Citigroup forecasts
Base-case estimate places supply at $1.6T; bullish at $3.7T. Active stablecoin wallets rose 53% year-on-year. Traditional banks lobby to restrict stablecoin issuers. The global stablecoin market is on track for…
10x Research: how a FIL backed USD stablecoin by Secured Finance would boost the Filecoin ecosystem
Secured Finance is launching a US dollar-dominated stablecoin within the Filecoin ecosystem. According to 10x Research, the stablecoin offers added flexibility and financialization for those interacting with Filecoin data. The…