Tether and Circle minted USDT and USDC, respectively, and the crypto market is curious about the reason. Both transactions happened in just 12 hours on different networks for a total of 2 billion tokens. The development comes at a time when crypto prices are fluctuating – teasing highs one moment
Money has always mirrored the society that uses it, and the advent of the digital dollar has been no exception. To this point, the last few years have seen stablecoins become the backbone of digital finance, with on-chain settlement volumes exceeding $1.2 trillion per month during September alone (and their
Revolut, a digital banking platform, has introduced free currency exchange between US dollars and stablecoins to its 65 million users worldwide. The neobank is now providing precise one-to-one transactions, eliminating the customary spreads and transaction expenses that generally come with cryptocurrency on-ramping and off-ramping operations. The new service on the
Read the Full Press Release Here Safe, the leading multisig based smart account platform securing $60 billion in digital assets, and Circle Internet Group, Inc. (NYSE: CRCL)1, a global financial technology company and stablecoin market leader, today announced a strategic partnership to establish Safe as a premier institutional storage solution
Origin of Stablecoins Stablecoins made their debut in 2014. It aims to combine the steady value of fiat currencies with the openness and flexibility of blockchain technology. The first of its kind, BitUSD, was introduced in July 2014 as a credit-backed stablecoin on the BitShares platform. Tether (USDT), which was
World Network, the blockchain platform behind the global digital identity initiative Worldcoin, has upgraded its World Chain infrastructure with support for native USDC and Circle’s Cross-Chain Transfer Protocol (CCTP). The announcement of June 11 marks a great change in how USD Coin operates in the chain, greatly enhancing the ease,
A DeFi platform on the BTC Network, Alex Protocol, has introduced a Treasury Grant Program to reimburse users impacted by the latest hack that led to more than $8 million in losses. On June 8, the platform’s announcement mentioned that the program will offer financial backing via a combination of
Circle, one of the world’s leading issuers of USDC—a stablecoin pegged to the U.S. dollar—had a significant first day as a publicly traded company. When it debuted on the New York Stock Exchange on June 5, Circle’s stock price soared to $83.23, an impressive 168% jump above its initial offering
A U.S. federal court has frozen nearly $57.65 million in USDC connected to the now-infamous LIBRA memecoin scandal, a case that’s rapidly evolving into one of 2025’s most explosive legal sagas in crypto. On-chain data by Arkham Intelligence shows that two Solana wallets—one holding $44.59 million, the other over $13
A user of Revolut, a British multinational neobank and fintech company, has claimed that he got confusing deposit instructions, and then he lost 1,500 USDC in a transfer. The claimant, Tzoni Raykov, a native of Bulgaria, first thought that he had followed the right steps while transferring USDC from an
