Key Highlights Binance acquired $100 million worth of Circle Class A shares at $80.84 per share in a private placement that closed September 17, per an SEC filing. The equity purchase accompanies a five-year expanded partnership where Circle will pay Binance monthly incentive fees tied to USDC holdings via Circle’s Modular Smart Contract Wallet. Binance ...
Key Highlights Circle has launched Digital Asset-Backed Borrowing for eligible Circle Mint institutions, enabling them to deposit Bitcoin, mint cirBTC, and borrow USDC through third-party DeFi lending markets on Arc and Ethereum. Morpho is the first supported protocol, with an 86% liquidation loan-to-value threshold on Arc; Circle indicates Aave and other platforms will follow, though ...
Key Highlights Near Protocol launches the industry’s first “Confidential by Default” perpetuals trading, masking all position details including asset types, sizes, entry times, and trading direction. The feature runs on Near’s multi-chain Confidential Intents pipeline, which recently surpassed $70 million in total value locked (TVL), with Hyperliquid serving as the chief execution and liquidity layer. ...
Nu Launches U.S. Banking and Global Stablecoin Products as Latin American Leader Expands North Latin America’s largest digital bank, Nu, officially entered the United States on September 10 with two distinct product lines: a domestic banking suite backed by Lead Bank and a separate global offering, Nu Global, that converts customer deposits into stablecoins. The ...
Nu, Latin America’s Largest Digital Bank, Launches U.S. Operations with Multi-Currency Nu Global Account Nu, the leading digital bank in Latin America, has officially entered the United States market in a strategic expansion move. The launch introduces Nu Global, a multi-currency digital account designed for cross-border users that supports USDC and EURC stablecoins alongside traditional ...
Circle’s Chelsea Shirt Deal Exposes a 14-Month Regulatory Gap in UK Stablecoin Oversight On August 31, 2026, roughly 40,000 spectators inside Stamford Bridge watched Chelsea players take the pitch wearing shirts emblazoned with “$USDC by CIRCLE.” Millions more viewed the broadcast across 189 countries. The moment marked the first regulated cryptocurrency company to secure a ...
Corn Shuts Bitcoin Layer-2, Launches Private Members Club for Digital Asset Holders Corn has launched a private members club for digital asset holders after retiring its Bitcoin layer-2 network, a move backed by a third investment from Polychain Capital that brings the company’s total funding to $19 million. Bitcoin Layer-2 Closure Precedes New Direction The ...
Circle Agrees to Acquire Tazapay for $400 Million in All-Stock Deal Circle has agreed to acquire Singapore-based payments company Tazapay for $400 million in an all-stock transaction, according to a September 8 announcement and accompanying U.S. regulatory filing. The acquisition is expected to close in 2027, subject to customary conditions and regulatory approvals, including clearance ...
A new study from the Federal Reserve Bank of New York reveals that dollar-pegged stablecoins flow more aggressively into digital wallets linked to countries undergoing currency or banking crises, highlighting a growing challenge for central banks attempting to manage capital flight. Crisis-Linked Wallets Show Higher Stablecoin Receipts Researchers Pablo Azar, Maryam Farboodi, and Nish Sinha ...