In brief Circle received a limited-purpose trust charter from the New York Department of Financial Services. The charter allows Circle to operate …
Issuer
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Scams
Circle Stock Jumps as Stablecoin Issuer Wins Final Federal Banking Charter Approval
by shayaanby shayaanIn brief Circle secured final OCC approval to establish a national trust bank, shifting its $73.2 billion stablecoin to a unified federal …
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The Bank of England has softened its proposed framework for systemic sterling stablecoins, dropping individual holding limits and replacing them with a …
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Markets
Ready USDC Card Halts Non-EEA Service Following Card Issuer Transition
by shayaanby shayaanReady Card users outside the European Economic Area have been pushed into an abrupt service halt after a card issuer transition disrupted …
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Aave CEO Stani Kulechov has announced that Bitwise has been named the official asset issuer for Aave Horizon, a new institutional-focused lending …
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Markets
UK sanctions Huobi and ruble stablecoin issuer in crackdown on Russia crypto networks
by shayaanby shayaanBritain applied banking-style sanctions to crypto exchanges for the first time, requiring U.K. financial firms to freeze funds and trace transactions. www.coindesk.com
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In brief Arc is a blockchain built by USDC issuer Circle for stablecoin-focused applications. It uses USDC for gas, features a built-in …
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Smart Contracts
USDC Stablecoin Issuer Circle Unveils New Token to Give Bitcoin More Utility
by shayaanby shayaanIn short Circle launches cirBTC, a packaged Bitcoin alternative designed to unlock Bitcoin utility for institutions and investors. The token will first …
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Digital asset company New Frontier Labs has partnered with BitGo Bank & Trust National Association, the entity that crypto infrastructure company BitGo …
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With billions in excess reserves, Tether now wants to accelerate its expansion into sectors beyond crypto, a report reveals. Tether (USDT), the …