Utila Raises $22M, Triples in Valuation as Stablecoin Infrastructure Demand Surges
Circle’s IPO and Stripe acquiring stablecoin startup Bridge were the “bitcoin ETF moments” for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.
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Circle’s IPO and Stripe acquiring stablecoin startup Bridge were the “bitcoin ETF moments” for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.
Shan Aggarwal says the crypto industry is still underselling how fast and forceful the shift to the stablecoin standard will be, and how quickly AI will accelerate it.
The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was quickly deleted last week.
Taurus’s stablecoin privacy layer uses zero-knowledge proofs and was built atop the Aztec Network.
The move comes as the CEO shared plans to re-enter the crypto business under the Trump administration after having exiting digital asset services in 2023.
The decline coincided with a BIS report casting doubts about stablecoins’ future role in global finance.
Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.
With Coinbase Payments, the company said it aims to offer fast, global USDC transactions for merchants without needing blockchain expertise.
The company’s shares will trade under the ticker “CRCL.”
At Paxos’ NYC event, speakers across four panels agreed that stablecoins are reshaping global finance — with regulation and infrastructure fast catching up.