Circle, issuer of USD Coin (USDC), received approval to operate as a federally regulated trust bank in the U.S., marking a key step toward stronger regulatory oversight and deeper ties between stablecoins and mainstream finance. This approval may expand Circle's ability to offer regulated custody and services, enhancing institutional confidence in USDC. Meanwhile, bipartisan support grows for the "Clarity Act," which aims to clarify digital asset regulations, potentially reducing market uncertainty. Corporate blockchain use is also advancing, highlighted by Hyundai's fast cross-border payment test using Tether on Avalanche, signaling growing enterprise adoption of crypto payment rails.
Hyundai Card, Hyundai Motor Group's financial arm, successfully completed a $20,000 USDT transfer between its US and Mexico subsidiaries on the Avalanche blockchain in just seven minutes, compared to the usual 3-4 hours via traditional bank wire. Thi...
Cryptocurrency markets display varied price changes, with Bitcoin trading near $62,833, up 0.99%, and Ethereum around $1,744, up 0.24%. Other notable coins like Binance Coin and Avalanche also show modest gains, while some altcoins experience slight ...
Uniswap has integrated Sky Ecosystem's LitePSM into its routing engine, enabling zero-slippage swaps between stablecoins like USDS, DAI, and USDC. This integration is part of the Stablecoin FX Layer initiative aimed at making on-chain stablecoin trad...
Recent data from Dune Analytics shows stablecoins USDT and USDC are specializing rather than competing directly. USDT dominates stablecoin payments with $95 billion in transactions, mainly through the Tron network, serving as a key tool for internati...
U.S. President Donald Trump expressed strong support for cryptocurrency, emphasizing the need for America to lead in digital assets to compete with China. He criticized previous regulatory approaches that hindered crypto industry growth. Meanwhile, s...
