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backing
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Finance
CZ’s Kyrgyzstan visit highlights why state backing cannot guarantee a stablecoin exit
by shayaanby shayaanChangpeng Zhao’s September 5 visit to Kyrgyzstan’s crypto council came as President Sadyr Japarov set a three-month deadline for new regulations and …
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Finance
21-bank stablecoin has global backing, but can it rival USDT and USDC?
by shayaanby shayaanA planned dollar stablecoin backed by 21 global financial institutions will begin with regulatory resources, corporate relationships, and international payment connections. Four …
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Markets
Circle Reserve Attestation Shows USDC Backing Above Circulating Supply
by shayaanby shayaanCircle has issued its latest monthly reserve attestation for USDC, with Deloitte’s review showing reserve assets above total circulating token supply. The …
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Markets
Crypto political group details list of U.S. congressional allies its backing this year
by shayaanby shayaanStand With Crypto, a member group that rates the crypto friendliness of politicians, is supporting 32 U.S. House incumbents, with more endorsements …
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Regulation
Franklin Templeton Joins Blackrock, Fidelity, Goldman Sachs in Backing CLARITY Act
by shayaanby shayaanFranklin Templeton Adds to Wall Street’s CLARITY Act Support Financial giant Franklin Templeton, a subsidiary of Franklin Resources Inc. (NYSE: BEN), announced …
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Finance
Glacis Labs Secures $6.8M Seed Round with Franklin Templeton and Coinbase Ventures Backing
by shayaanby shayaanCryptocurrency payment infrastructure firm Glacis Labs has raised $6.8 million in a seed funding round, with participation from major institutional investors including …
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Strategy has received another Wall Street price target cut after Canaccord lowered its valuation on the company while maintaining that Bitcoin’s long-term …
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DeFi
Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution
by shayaanby shayaanEthena continues to deepen its ties with traditional finance, announcing a deal with asset manager Janus Henderson that includes a strategic investment …
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KelpDAO said it has completed the operational phase of its rsETH recovery plan. This comes after transferring the final tranche of 20,373.72 …