Crypto’s CLARITY Act could be a headwind for DeFi tokens ring-fencing yield, analyst says
The proposed restriction on yield would shift value toward regulated players and away from decentralized finance’ tokens, 10x Research’s Markus Thielen said.
Circle
Circle overtakes BlackRock in tokenized Treasuries as market hits record $11 billion
Circle’s USYC tokenized U.S. Treasury fund has grown to $2.2 billion, surpassing BlackRock’s BUIDL fund as investors increasingly seek onchain yield and collateral.
Circle’s USDC volumes top Tether’s USDT for first time since 2019, prompting sell-side price target hike
Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.
Bitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100
WTI crude oil, which soared nearly 30% to $120 per barrel overnight, has pulled back to $95, easing pressure on risk assets.
Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments
The stablecoin issuer used its Mint platform for intercompany transfers, replacing bank wires that often take days to settle, CEO Jeremy Allaire said.
Circle shares boosted by Middle East tensions, rising oil, fading rate cut hopes, says Mizuho
The stock has risen about 20% since the U.S. strikes on Iran over the weekend.
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.
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.
Circle Acquires Malachite to Power Its Upcoming Arc Blockchain
The USDC stablecoin issuer last week said it is building its own blockchain focused on stablecoin finances.
Taurus Releases Open Source Privacy Tech for Stablecoins, Starts With Circle’s USDC
Taurus’s stablecoin privacy layer uses zero-knowledge proofs and was built atop the Aztec Network.