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Usdc

All articles tagged with #usdc

Bermuda bets on a fully on-chain economy with Coinbase and Circle
policy1 month ago

Bermuda bets on a fully on-chain economy with Coinbase and Circle

Bermuda unveiled a plan, announced at Davos, to transform the island into a fully onchain economy by partnering with Coinbase and Circle to deploy digital asset infrastructure across government, banks, businesses, and consumers. The initiative centers on piloting stablecoin payments (USDC), expanding USDC adoption, and supporting tokenization and digital finance education, with a non-exclusive approach that could attract additional technology partners while lowering costs and broadening access to global finance.

Circle maps a programmable internet of money in its 2026 financial-system report
business1 month ago

Circle maps a programmable internet of money in its 2026 financial-system report

Circle’s 2026 Internet Financial System report argues that regulated, full-reserve digital dollars and open internet-native money protocols will become the backbone of a global, programmable economy, with USDC and Circle at the center as public blockchains evolve into trusted platforms for trillions in value, enabling broader digital-asset markets, global payments, humanitarian finance, and on-chain infrastructure under converging regulatory foundations.

Coinbase Under Senate Spotlight Over Stablecoin Rewards
business1 month ago

Coinbase Under Senate Spotlight Over Stablecoin Rewards

Coinbase is watching a major crypto bill advance toward Senate review, with the central issue being whether platforms can continue offering rewards on stablecoin holdings. Coinbase views those rewards as a core part of its business and may resist strict limits, while some lawmakers want rules that could restrict rewards to banks. Stablecoin rewards underpin a meaningful revenue stream tied to USDC reserves, with about 3.5% yields on certain holdings and Bloomberg data projecting roughly $1.3 billion in stablecoin-related revenue for 2025. Wall Street currently signals a Moderate Buy on COIN with an average target of $361.63, implying about 50% upside.

Hyperliquid's USDH Stablecoin Challenges USDC's $6B Dominance
cryptocurrency5 months ago

Hyperliquid's USDH Stablecoin Challenges USDC's $6B Dominance

Native Markets won the bid for Hyperliquid's USDH stablecoin ticker, beating competitors like Paxos and Ethena, in a significant on-chain governance vote. The launch of USDH challenges USDC's dominance, although USDC remains heavily backed with nearly $6 billion in reserves. The move has caused some market ripple effects, including a decline in Circle's stock and HYPE token prices.

Crypto Heist: $908K Lost in Sophisticated Scam
technology7 months ago

Crypto Heist: $908K Lost in Sophisticated Scam

A crypto user lost $908,551 in a sophisticated phishing scam 15 months after unknowingly signing a malicious approval transaction, with the attacker patiently waiting until the wallet held significant funds before executing the theft. The incident highlights the importance of regularly reviewing and revoking old token approvals to prevent such attacks.

Wall Street Divided on Circle's Future Amid High Valuation Concerns
business8 months ago

Wall Street Divided on Circle's Future Amid High Valuation Concerns

Needham's top analyst, John Todaro, has initiated coverage on Circle Internet (CRCL) with a Buy rating and a new price target of $250, citing the rapid growth of stablecoins, especially USDC, and the passing of the GENIUS Act as key catalysts. Todaro highlights Circle's strong market position, compliance advantages, and high-margin potential, predicting significant market share gains and a 50% CAGR for USDC through 2028. Despite a moderate consensus rating of Moderate Buy, the stock shows promising upside potential.

Circle Seeks U.S. Bank Charter Following IPO Success
business8 months ago

Circle Seeks U.S. Bank Charter Following IPO Success

Circle Internet Group has applied for a national trust bank charter to integrate stablecoins into traditional finance, aiming to establish the First National Digital Currency Bank, N.A., which would also offer custody services for assets like stocks and bonds on a blockchain. This move follows a successful IPO and aligns with recent U.S. regulatory developments, potentially strengthening the USDC stablecoin infrastructure and the U.S. dollar's resilience.

Wall Street Analysts Show Mixed Views on Circle Post-IPO
business8 months ago

Wall Street Analysts Show Mixed Views on Circle Post-IPO

Wall Street analysts have given mixed ratings to Circle Internet Group following its IPO, with some seeing strong growth potential in stablecoins like USDC, which could disrupt traditional financial services and bolster demand for U.S. treasuries. The stock has surged since its IPO, but analysts advise caution due to valuation concerns and regulatory uncertainties.

Coinbase Gains Momentum Amid Crypto Market Surge and Regulatory Developments
business8 months ago

Coinbase Gains Momentum Amid Crypto Market Surge and Regulatory Developments

Coinbase's stock surged after the U.S. Senate passed the GENIUS Act, which could provide a clearer regulatory framework for stablecoins, benefiting Coinbase's stablecoin strategy, especially with its USDC stablecoin. Despite recent earnings disappointment, Coinbase's prospects look promising due to regulatory progress and market growth potential, though market competition and adoption risks remain.,

Wall Street's New Crypto Obsession: Circle's Rising Tide
business8 months ago

Wall Street's New Crypto Obsession: Circle's Rising Tide

Wall Street's new crypto obsession is Circle Internet Group, which went public and saw its stock soar 675%, driven by its stablecoin USDC, a digital dollar pegged to the US currency. The company's business model involves issuing stablecoins, investing the underlying dollars in safe assets, and profiting from the interest. Legislation like the 'Genius Act' could boost stablecoins' adoption, positioning Circle as a major player in the future of digital payments, overshadowing Bitcoin's recent dominance.

US Senate Passes Landmark Stablecoin Bill Boosting Crypto Industry
business8 months ago

US Senate Passes Landmark Stablecoin Bill Boosting Crypto Industry

Circle's shares surged 20% after the US Senate passed legislation establishing regulatory rules for stablecoins, boosting optimism about the company's growth prospects and the broader stablecoin market, which could reach $2 trillion. Analysts see significant revenue potential for Circle, driven by increased adoption and institutional investment, especially with new initiatives like cross-border payments and partnerships with companies like Shopify.