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Circle Gains Abu Dhabi Approval, Boosts USDC's Global Reach Circle, the issuer of the USD Coin (USDC) stablecoin, has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marking a significant step in its Middle East expansion strategy. This regulatory milestone positions Circle to obtain a full Financial Services Permission (FSP) license, which would authorize the company to operate as a regulated money services provider in the Unit... Coinatory crypto news

Circle Slashes USDC Settlement Time to Seconds with CCTP v2 Upgrade With a major update to its Cross-Chain Transfer Protocol (CCTP), Circle has significantly shortened the USDC transaction settlement time to just a few seconds. Developers can now take advantage of Fast Transfer and Hooks, two essential aspects of CCTP v2 that are intended to improve cross-chain liquidity and transaction efficiency. Regardless of the original blockchain, the USDC settlement times are reduced by the Fast Transfer feature from u... Circle Slashes USDC Settlement Time to Seconds with CCTP v2 Upgrade Coinatory

USDC and EURC Gain First-Ever Approval Under Dubai’s Crypto Rules Circle's USDC and EURC have been officially recognized by the Dubai Financial Services Authority (DFSA) as the first stablecoins under Dubai's new crypto token framework. Dubai's dedication to regulated digital assets within the Dubai International Financial Centre (DIFC) is reaffirmed by this historic approval. An important milestone in the United Arab Emirates' (UAE) approach to digital asset oversight was reached on February 24 when Circle... crypto news

Circle Leads Stablecoin Compliance with Canadian Crypto Rules As the first issuer to adhere to Canada's recently enacted crypto asset regulations, Circle has cemented its position as a regulatory leader in the stablecoin sector. Circle declared on December 4 that its regulated subsidiary had complied with the value-referenced crypto asset (VRCA) framework's compliance standards as established by the Canadian Securities Administrators (CSA) and the Ontario Securities Commission (OSC). This historic accom... Coinatory cryptocurrencies news

Stablecoin Issuers Hold $120B in T-Bills, Says U.S. Treasury The U.S. Treasury’s recent fiscal report revealed that stablecoin issuers now collectively hold approximately $120 billion in U.S. Treasury Bills (T-Bills), underscoring the crypto sector's rising integration into traditional finance. This trend, driven by increasing blockchain adoption and the need for more stable assets within the cryptocurrency market, reflects a broad shift towards stablecoins like Tether (USDT) and Circle’s USD Coin (USDC) ... cryptonews today

US Lagging in Global Stablecoin Adoption, Chainalysis Reports The United States has witnessed record Bitcoin activity following the introduction of spot Bitcoin exchange-traded funds (ETFs). However, the nation’s adoption of stablecoins has notably slowed in 2024, lagging behind global markets, according to an October 17 report by Chainalysis. Stablecoin transaction volumes on US-regulated exchanges dropped significantly this year, with the market share falling from approximately 50% in 2023 to below 40... Coinatory

Sui Network to Launch Native USDC via NAVI Protocol The Sui Foundation has announced the integration of Circle’s USDC stablecoin, which will be natively available on the Sui network through the NAVI Protocol. Backed by $120 million in USDC liquidity, this integration represents the third-largest supply of USDC in the DeFi space, following major platforms Aave and Compound. NAVI, the leading decentralized finance (DeFi) protocol on Sui, will serve as the primary driver for this launch. This dev... cryptocurrency news

Ethereum and TRON Command 84% of Stablecoin Market in 2024 Ethereum and TRON continue to dominate the stablecoin market, collectively controlling nearly 84% of the total supply, valued at $144.4 billion as of September 2024, according to data from CoinGecko. Ethereum and TRON Lead Stablecoin Market Blockchain giants Ethereum and TRON hold the majority share of the stablecoin market, with Ethereum commanding $84.6 billion, representing 49.1% of the total supply, and TRON following with $59.8 billio... Coinatory cryptocurrencies news

Circle to Relocate HQ to New York as IPO Plans Accelerate Stablecoin issuer Circle is reportedly preparing to move its global headquarters to New York City, marking a significant step toward its highly anticipated initial public offering (IPO). The company, known for managing the USD Coin (USDC), will officially announce the relocation to One World Trade Center on September 13. The move signifies Circle's shift from its previous base in Ireland and its Boston operations, further anchoring its presence ... cryptocurrency news

Circle to Discontinue USDC Support on Flow Blockchain Circle, the issuer of the stablecoin USDC, has announced its intention to discontinue support for USDC on the Flow blockchain, effective September 3, 2024. This decision, detailed in a blog post on August 5, comes in light of Flow's forthcoming Crescendo upgrade. Minting of the US dollar-pegged stablecoin will continue on Flow until August 27, 2024, at 12 pm ET. Circle urges all USDC holders on Flow, including Circle Mint customers, retail ho... cryptocurrency news Coinatory

The Stasis cryptographic platform, created by the Russians Grigory Klumov and Anatoly Knyazev, issued "crypto euro" EURS for 12.2 million euros. Cryptocurrency is backed with an equivalent amount in euros, it greatly simplifies the acquisition of any crypto assets in Malta. https://youtu.be/HEwDIpjYtYI Why CryptoEuro CryptoEuro on 12.2 million euros was issued by STSS Malta Limited, the legal entity of the Stasis platform. STSS Malta Limited was registered in May 2018 in Malta. Crypto euro belongs to the category of so-called stablecoins ... Read more about " Stasis have issued "crypto euro" EURS " on coinatory.com