Quick Breakdown: Executives from Tether and Circle are holding high-level meetings with South Korea’s major banks—Shinhan, Hana, KB Financial, and Woori. Discussions focus on distributing dollar-pegged stablecoins and issuing won-backed tokens. This aligns with President Lee Jae Myung’s pro-crypto agenda and upcoming stablecoin regulations, positioning South Korea as a potential ...
Quick Breakdown Paytrie joins Circle Payments Network (CPN) to expand Canada’s stablecoin payment infrastructure. USDC-powered cross-border payments aim to cut costs, speed up settlement, and improve transparency. Regulated growth focus: Paytrie, registered with FINTRAC, reinforces compliance in stablecoin adoption. Canadian fintech firm Paytrie has joined the Circle Payments Network (CPN), ...
Quick Breakdown Ripple and Circle join Series B funding to back Tazapay’s fiat-to-stablecoin payment infrastructure. $10B+ in annualized payment volume with 300% YoY growth reported. Licensing push underway in the U.S., UAE, Hong Kong, and Australia, alongside plans for a Singapore Digital Payment Token license. Cross-border payments platform Tazapay has ...
Circle, the company behind the USDC stablecoin, has announced a bold new step to deepen its presence in the stablecoin ecosystem with the launch of its own Layer-1 blockchain, called Arc. Designed specifically to support stablecoin payments, foreign exchange (FX), and capital markets applications, Circle Arc will use USDC as ...
Circle and OKX have joined forces to enhance global access to USDC, announcing a new partnership aimed at deepening liquidity and improving fiat on-and-off ramps for users worldwide. Under the agreement revealed on July 9, OKX’s 60 million+ customers will be able to convert USD to USDC and back at ...
Circle, the issuer of the USDC stablecoin, has formally applied for a national bank charter in the United States. This move aims to establish the first-ever national digital currency bank, marking a significant milestone in the integration of digital assets with traditional finance. Source: Circle The company submitted its application ...
Fiserv, a leading US fintech company, has announced plans to launch its own US dollar-backed stablecoin, called FIUSD, in partnership with PayPal and Circle to enhance digital asset services across its banking and payments network. The company aims to introduce FIUSD by the end of 2025, leveraging infrastructure from Paxos ...
Stablecoin issuer Circle saw a notable boost in investor confidence on June 11, with its shares (CRCL) closing 10.7% higher following two major announcements: a strategic partnership with Brazilian fintech Matera and the integration of its flagship stablecoin, USDC, into World Chain, the blockchain project led by OpenAI CEO Sam ...
Circle has received a $50 million investment from Japan’s financial powerhouse, SBI Holdings and its banking subsidiary, SBI Shinsei. This move marks a significant step in Circle’s strategy to expand USDC’s presence in Asia, signalling growing institutional confidence in the stablecoin sector. The investment comes on the heels of Circle’s ...
Circle Internet Group Inc., the issuer behind the USDC stablecoin, has once again increased the size and pricing of its upcoming public offering, now aiming to raise approximately $1.05 billion as it prepares to list on the New York Stock Exchange (NYSE) today. The fintech firm announced on June 4 ...
