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.
Flare Networks CEO Hugo Philion announced plans to extend the FAssets system, currently supporting XRP, to Bitcoin through a wrapped FBTC token. This move aims to attract institutional investors by using confidential computing technology to keep larg...
Tether's US-regulated stablecoin USAT launched in January 2026 and grew from $22 million in March to $140.8 million by April, marking a 540% increase in one month. Despite this rapid growth, USAT remains a small fraction of Tether's main offshore sta...
Solana (SOL) is trading around $76.80, showing a 2.66% gain as it challenges the top of a descending channel near $76. The recent issuance of 250 million USDC on the Solana blockchain by Circle has increased stablecoin liquidity, supporting ecosystem...
Circle minted $500 million in USDC on the Solana blockchain in July, continuing a trend of shifting stablecoin liquidity from Ethereum to Solana. This issuance, done in two $250 million tranches, reflects growing demand for USDC on Solana, which has ...
Ethereum's price surged 4.5% to $1,980 on July 27, driven by $104 million in ETF inflows and Circle's OCC approval, which boosts institutional confidence. This rally liquidated $113 million in short positions, marking a significant shift in market se...
