Circle, the issuer of USDC stablecoin, submitted a comment letter to the U.S. Office of the Comptroller of the Currency (OCC) regarding the proposed GENIUS Act rulemaking. Circle emphasized the need to clearly distinguish payment stablecoins from tokenized deposits, arguing they serve different purposes and should not be regulated interchangeably. The company also called for a level playing field for all stablecoin issuers to prevent regulatory arbitrage and ensure consumer trust. This feedback comes as the crypto industry awaits clearer regulatory frameworks, with Circle's stock recently rising on hopes for regulatory clarity.
Fireblocks has integrated the Stacks Bitcoin Layer 2 network, allowing its 2,400 institutional clients to access Bitcoin-native DeFi services. This integration supports custody of STX tokens and minting of sBTC, enabling institutions to use DeFi prot...
The EU's new MiCA regulation ends a transition period on July 1, forcing exchanges to delist stablecoins like Tether's USDT that lack MiCA authorization, affecting about $17.5 billion in EU-circulating USDT. This regulatory shift is driving liquidity...
PancakeSwap has added a new MUSD-USDC stablecoin liquidity pool on the Monad blockchain, increasing its incentivized pools on the platform to 17. This new pool pairs MetaMask's treasury-backed stablecoin mUSD with USDC, offering liquidity providers h...
Solana's price climbed to around $68.50 following Circle's issuance of $500 million USDC on its network, enhancing on-chain dollar liquidity and reinforcing Solana's role in stablecoin transactions. This liquidity boost supports decentralized finance...
USDC remains the primary stablecoin for AI agent payments due to its broad liquidity and integration across major chains like Base and Solana. Ripple's RLUSD is emerging as a competitive alternative, especially on the XRPL network, supported by the X...
