Singapore Gulf Bank (SGB) has introduced a new stablecoin conversion service targeting corporate and high-net-worth clients, enabling instant fiat-to-stablecoin transactions. The service primarily supports Circle's USDC and leverages the Solana network for zero-fee transactions, enhancing speed and cost efficiency. This initiative aims to improve cross-border payment flexibility and treasury operations, with a $100,000 minimum transaction threshold emphasizing institutional use. The launch is expected to boost USDC adoption and Solana network activity, reflecting growing institutional interest in integrating digital assets into traditional banking.
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
Ondo Global Markets reached $1 billion in total value locked (TVL) for tokenized stocks by May 2026, with projections to hit $5 billion by year-end. USDC, Circle's stablecoin, is the preferred settlement currency for these tokenized equities, favored...
JPMorgan has raised concerns that HyperliquidX's rapid expansion and large USDC holdings could undermine the economic model of Circle's USDC stablecoin. HyperliquidX, a decentralized perpetual exchange, has amassed over $5 billion in USDC and is shif...
Starknet introduced STRK20, a privacy framework on its Ethereum Layer-2 network that shields ERC-20 token balances and transactions using encrypted notes and zero-knowledge proofs. This system allows private transfers and swaps without separate priva...
Bitcoin is expected to hold above $56,000 on July 13, supported by upcoming June CPI inflation data and major bank earnings reports. Circle received final approval from the U.S. Office of the Comptroller of the Currency for its national trust bank, a...
