The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer’s earnings. www.coindesk.com
Circle
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Markets
U.S. Jobs, Circle, Galaxy, American Bitcoin earnings: Crypto Week Ahead
by shayaanby shayaanYour look at what’s coming in the week starting Aug. 3 www.coindesk.com
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Scams
Circle Lands New York Trust Charter as Stablecoin Issuer Expands Regulatory Footprint
by shayaanby shayaanIn brief Circle received a limited-purpose trust charter from the New York Department of Financial Services. The charter allows Circle to operate …
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The European Union’s Markets in Crypto-Assets regulation was meant to bring order to the stablecoin market. Yet a new disclosure from Circle …
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Circle’s (@circle) X feed turned into a run of handshake emojis on July 23. One post announced a memorandum of understanding (MOU) …
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Circle President Heath Tarbert has defended the company’s long-term strategy after Circle shares fell sharply from their post-IPO peak. Speaking in a …
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Finance
Circle became a federal trust bank – now lenders warn stablecoins is projected to drain $500 billion
by shayaanby shayaanWashington just gave one of the world’s largest digital currencies a more official place in the US financial system. On July 10, …
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Markets
Visa backs Open USD with new stablecoin platform as Circle faces fresh competition
by shayaanby shayaanVisa launched a stablecoin platform that lets banks and fintechs issue, manage and settle digital dollars through its payments network. www.coindesk.com
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Markets
Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks
by shayaanby shayaanJapanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn’t address slowing USDC …
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Markets
Circle Secures OCC Approval for National Trust Bank to Custody USDC and Digital Assets
by shayaanby shayaanA leading stablecoin issuer has secured federal approval to launch a dedicated trust bank for digital asset custody services. Circle Internet Group …