Circle executive Nikhil Chandhok argued that resistance to dollar stablecoins in the US could prevent attracting up to $1 trillion in overseas demand for dollars. He highlighted that about $3 trillion is currently tied up in slow international bank transfers, which stablecoins could streamline. This demand could also increase US Treasury bill purchases, as stablecoin issuers must hold reserves including short-term Treasuries. Meanwhile, Circle is expanding USDC stablecoin use in AI payments and institutional settlements, signaling growing adoption despite regulatory uncertainties. The Federal Reserve is reviewing stablecoin rules, with key regulations expected by January 2027.
Circle executive comments on stablecoin restrictions provide context for cryptocurrency market activity on Pluang. For readers following digital assets, here is Pluang's market snapshot as of Sep 29, 2026 00:41 WIB: out of 50 major cryptocurrencies, 11 rose and 38 fell. Notable movers include LINK at Rp272.243 with a 7.37% increase and 60% buy order activity, SNX at Rp4.365 down 7.09% with 79% sell orders, and BCH at Rp5.593.591 down 6.45% with 82% sell orders.
Vertex Pharmaceuticals reported a 12% revenue increase to $3.33 billion in Q2, driven by its dominant cystic fibrosis treatments. UBS raised its price target from $585 to $615, reflecting confidence in Vertex's strong financials and growth potential....
Accenture's stock surged 37.6% recently, driven by rising demand for AI services and new AI-focused offerings. The company outpaced industry growth and secured 100 new clients for advanced AI projects in one quarter. An analyst raised the price targe...
SpaceX, trading near $148 per share with a market cap of about $1.95 trillion, is preparing for Starship's first orbital mission and the deployment of its first operational Starlink V3 satellites. This milestone is key for expanding Starlink's global...
Optics stocks including Coherent, Applied Optoelectronics, and Corning dropped sharply despite Citi's bullish $11 billion optical switching market forecast. The selloff appears driven by profit-taking after these high-beta stocks surged significantly...
Chainlink has launched CCIP 2.0, an upgrade to its cross-chain protocol that allows institutions to operate their own custom verifiers alongside Chainlink's default 16-node committee. This change aims to reduce the risk of hacks by eliminating single...
