Asia Morning Briefing: Korea’s 'Onshore' Won Policy Could Hinder Its Stablecoin...
Korea's Won is stuck onshore. That's going to put a damper on any demand for a Won-backed stablecoin.
GENIUS Act Bombshell? Banking Groups Demand Stablecoin Interest Loophole Close B...
Major U.S. banking trade groups have urged Congress to address a GENIUS Act loophole that lets stablecoin affiliates offer interes...
Ethereum Wallet MetaMask Will Likely Unveil Its Own Stablecoin this Week
The MetaMask stablecoin (mUSD) was already reported to be in the works thanks to a prematurely posted governance proposal that was...
US Banking Groups Push to Close Stablecoin Yield ‘Loophole’
US banks have warned that a gap in the GENIUS Act could allow issuers to skirt restrictions on paying interest to holders.The pos...
Circle Launches Arc Blockchain to Power Global Stablecoin Transactions
TLDR Circle has announced the launch of Ar, which is an open Layer-1 blockchain built for stablecoin finance. Arc is fully compati...
Circle Dips 6% After Hours on 10M Share Secondary Offering
Coming roughly two months after the company's blazing stock market debut, insiders are accounting for 8 million of the 10 million...
New Coinbase Fund Targets DeFi Liquidity Gaps Across Aave, Kamino, and More
TLDR: Coinbase launches a second Stablecoin Bootstrap Fund through CBAM to deepen DeFi stablecoin liquidity. Initial liquidity pla...
Circle Debuts Layer-1 Blockchain Arc Using USDC for Native Gas
Circle Internet Group, Inc. (NYSE: CRCL) has unveiled Arc, an open Layer-1 blockchain designed specifically for stablecoin finance...
Transak Raises $16M from IDG Capital, Tether to Scale Stablecoin Payment Network
Transak plans to use the funds to expand its stablecoin payments stack and enter new markets, the company said.
Circle Unveils Layer-1 Blockchain Arc, Reports $428 Million Q2 Loss
Circle's Q2 financials showed $658 million in revenue, but a net loss of $482 million due to non-cash IPO-linked items.