Circle and Binance partner to boost USDC and crypto adoption, enabling 240M users to trade, store, and use USDC globally. Circle and Binance have announced a strategic partnership to accelerate the adoption of USDC and cryptocurrencies. Both Allaire and Binance CEO Richard Teng revealed the partnership during Abu Dhabi Finance Week. Circle CEO Jeremy Allaire also shared this news on his X account. The partnership will enable Binance’s 240 million users to trade, store, and use USDC for...
Read More »Circle and Binance Partner to Drive Global USDC Adoption and Battle USDT
On Wednesday morning in Abu Dhabi, Binance and Circle announced a strategic partnership to promote USDC, a stablecoin jointly owned by Circle and Coinbase. The collaboration comes as stablecoins gain traction in mainstream finance and competitors seek to challenge the dominance of market leader Tether. The Alliance Details about revenue sharing in this arrangement remain undisclosed, though sources informed Fortune that Binance will not acquire an equity stake in Circle....
Read More »USDC Stablecoin Issuer Circle Announces Layoffs Amid Operational Review
Circle Internet Financial Ltd., the company behind the second-largest stablecoin in the cryptocurrency market USDC, announced layoffs following a routine operational assessment. According to the Bloomberg report, the job cuts impact under 6% of the workforce. Despite these reductions, the firm said that it remains committed to expanding geographically and improving efficiency and productivity through artificial intelligence (AI). In June, Circle reported employing 882...
Read More »Circle Signs MOU with HKT For Blockchain-Based Loyalty Solutions for Hong Kong Merchants
Stablecoin issuer Circle announced on Tuesday that it had signed a Memorandum of Understanding (MOU) with HKT, a major player in technology, media, and telecommunications. The main objective of this collaboration is to explore opportunities for creating blockchain-based loyalty solutions tailored to Hong Kong’s merchant landscape. Circle-HKT Collaboration According to the blog post, Circle’s expertise in Web3 services, combined with HKT’s merchant network and customer...
Read More »Circle Expands USDC Reach in Australia, Partners with MHC Digital Group
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Read More »New Money Preparing to Buy the Dip? Tether and Dai Wallet Creations Suggest So
The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the fourth-highest figure since March 2024. Interestingly, the timing of these new wallets, emerging after a market...
Read More »Bank of International Settlements Implements Stricter Regulations on Stablecoins
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Read More »Circle’s USDC Emerges as Top Beneficiary of EU’s Push for Compliant Stablecoins
The MiCA regulation has created an increased demand for compliant stablecoin, with Circle’s USDC emerging as a primary beneficiary of the trend. In fact, USDC is leading the demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased Demand For USDC After MiCA In its latest report, Kaiko revealed that non-compliant stablecoins account for 88% of the total stablecoin volume, at present. But Europe’s Markets in Crypto-Assets Regulation...
Read More »Bank of Italy to Issue New Guidelines for Crypto Regulation in Preparation for MiCA
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Read More »Kraken Co-founder Jesse Powell Donates $1M in Crypto to Trump’s Campaign
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