USDGO, an enterprise-grade stablecoin operated by OSL Group, has surpassed a circulating supply of $1 billion, making it the sixth largest regulated stablecoin worldwide and the largest USD-pegged compliant stablecoin from Asia. This rapid growth reflects strong institutional demand in emerging markets and positions USDGO to support large-scale, institutional payments. Backed by high-quality liquid assets and issued by Anchorage Digital Bank, USDGO aims to enhance cross-border payments and treasury management with compliant, efficient on-chain settlement solutions.
The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Grou...
Axsome Therapeutics received an "Outperform" rating from BMO Capital due to significant progress in its drug pipeline, including FDA acceptance of its NDA for AXS-12, a narcolepsy treatment with a PDUFA date set for May 1, 2027. The company is also a...
Novartis is set to report its Q2 earnings with analysts expecting an EPS of $2.17 and revenue of $14.07 billion, following a tough Q1 affected by major patent expirations. Despite revenue challenges, the company maintained strong cash flow of $3.30 b...
Ecopetrol's Brazilian subsidiary has resumed a voluntary tender offer to buy 116 million common shares of Brava Energia, representing about 25% of the company. The offer, now updated with regulatory recommendations, will remain open until August 5, 2...
Tanger Inc., a retail outlet landlord, is currently overvalued with its share price at $41.63 compared to a net asset value per share (NAVPS) of $30.33, indicating a 37% overvaluation. The company's business benefits from low occupancy costs and limi...
