Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg.
Circle News
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The stablecoin market cap topped $300 billion on CoinMarketCap, but discrepancies across platforms like CoinGecko and DefiLlama highlight challenges in tracking crypto assets.
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Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East.
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Google Cloud’s Web3 head used a LinkedIn post to brand the company’s upcoming Universal Ledger as a neutral blockchain for financial institutions.
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SBI partners with Circle, Ripple and Startale to launch stablecoin ventures and a tokenized asset trading platform in Japan.
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Tether and Circle are set to meet with the CEOs of South Korea’s four largest banks this week to discuss potential partnerships.
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Crypto advocacy groups accuse Wall Street bankers of trying to tilt stablecoin rules in their favor, warning Congress against changes to the GENIUS Act.
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ARK Invest snapped up $21 million worth of Bullish and $16 million of Robinhood shares, extending its buying streak despite a sector-wide sell-off.
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Bitcoiner Chamath Palihapitiya filed documents to raise $250 million for American Exceptionalism, a prospective SPAC focused on the DeFi, AI, energy and defense sectors.
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Circle’s new layer-1 blockchain will debut with Fireblocks support as the stablecoin sector expands, with Circle and Tether vying for market dominance.
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Japan’s FSA is set to approve JPYC as the country’s first yen-pegged stablecoin, a move that could reshape demand for Japanese government bonds.
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Gemini, the Winklevoss-founded crypto exchange and custodian, has filed to list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its IPO.
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US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system.
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USDC issuer Circle introduced its layer-1 blockchain, Arc, and said its Q2 revenue and reserve income increased 53% year-over-year.
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S&P Global’s credit rating of Sky Protocol reflects key concerns over governance centralization, weak capitalization and regulatory uncertainty.
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