Standard Chartered has introduced a new service allowing eligible institutional clients to mint and redeem USDC stablecoins through its banking platform without needing direct Circle accounts. This service, starting in Dubai's DIFC, integrates fiat banking, custody, and blockchain infrastructure, aiming to support settlement, treasury, liquidity management, and future payment use cases. The move marks Standard Chartered as the first Global Systemically Important Bank to offer such regulated institutional access to USDC, reinforcing the UAE's growing role in digital asset regulation and infrastructure. Expansion to other markets is planned pending approvals.
Centrifuge's governance proposal CP172 has passed with 98.53% approval, authorizing a future plan to convert CFG tokens into tokenized equity shares of Centrifuge, Inc. at a 1:1 ratio. This conversion is conditional on board approval, corporate restr...
KeyBanc initiated coverage on Air Products and Chemicals with a 'Sector Weight' rating, signaling expected performance in line with its sector. Despite the neutral outlook, the company showed strong profitability with a 110 basis point rise in adjust...
First BanCorp has delivered strong returns, outperforming the S&P 500 since December. The bank shows impressive asset quality with a 2.02% return on assets and 19.49% return on equity, alongside an improved net interest margin of 4.87%. Positioned we...
RH reported strong Q2 financial results, with earnings per share of $2.70 far exceeding analyst estimates of $0.38 and revenue of $922.20 million beating the $915.09 million forecast. This performance comes despite a recent 25% drop in RH's stock pri...
Tenon Medical's stock surged 116% after repaying $5.16 million in convertible debt, removing dilution risk for shareholders. Wealthfront also rose 15% following strong quarterly earnings that beat expectations. Digital Brands Group and PicoCELA saw s...
