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Stablecoin Issuer Paxos Receives Preliminary Nod from Singapore Regulator
16.11.2023
Source: Paxos Blockchain infrastructure firm Paxos has obtained a preliminary license from the Monetary Authority of Singapore (MAS) for its new entity. With the in-principal approval, Paxos Digital Singapore, the new entity, will offer digital payment token services to Singaporeans. Further, Paxos...
Stablecoin Issuer Paxos Plans New U.S. Dollar-Backed Token for Singapore Operations
16.11.2023
Paxos, a cryptocurrency brokerage firm, has received a preliminary license from regulators to offer digital payment token services in Singapore, the company said Wednesday in a statement
Circle Introduces Zero-Fee USDC Minting with Circle Mint in Singapore
15.11.2023
Source: Circle Internet The issuer of the USDC stablecoin, Circle, has announced the launch of its zero-fee minting facility, Circle Mint, exclusively in Singapore. This strategic initiative comes on the heels of Circle securing the Major Payments Institution (MPI) license from the Monetary...
Tether Issued 4B USDT on Tron and Ethereum Networks: Report
13.11.2023
Source: Adobe/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the past month. Whale Alert, sharing this information on its Telegram channel, disclosed that Tether had minted an additional $1 billion worth of USDT...
Report: Stablecoin Giant Circle Eyes 2024 Public Listing
9.11.2023
According to anonymous sources familiar with the matter, Circle Internet Financial Ltd., the second-largest stablecoin issuer, plans to go public in 2024 via backing from Blackrock, Goldman Sachs, and others. The news follows Circle’s special-purpose acquisition company (SPAC) plans to offer...
USDC Stablecoin Issuer Circle Contemplates Potential IPO for 2024
8.11.2023
Source: Circle Internet Circle Internet, the issuer of USD Coin stablecoin, is eyeing a potential initial public offering (IPO) in early 2024, according to Bloomberg. The company is currently in discussions with advisors to weigh the feasibility and timing of such a move to the public markets,...
Stablecoin issuer Circle weighing up 2024 public launch: Report
8.11.2023
Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out
Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree
3.11.2023
Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern...
Stablecoin Issuer Circle Terminates Consumer Account Support
2.11.2023
Stablecoin issuer Circle is discontinuing support for consumer Circle Mint accounts. In a statement on its website, the company wrote, “Consumer-only Circle Mint accounts will no longer be supported and will be closed. No further action is required from the account holders in this...
Tether Freezes 32 Suspicious Addresses Linked to Ukraine and Israel Conflicts
16.10.2023
On Monday, Tether, the leading stablecoin issuer, revealed it had frozen 32 addresses allegedly linked to activities involving war, terrorism, and crime. These USDT accounts are said to have ties to suspicious operations in Israel and Ukraine. The firm further disclosed that it is actively...
Major Stablecoin Issuer Tether Freezes $870,000 Linked to Criminal Activities in Israel and Ukraine
16.10.2023
The largest stablecoin issuer, Tether, has announced the freezing of 32 addresses associated with criminal funds related to incidents in Israel and Ukraine, amounting to $870,000.
On October 16, Tether stated that they had been working with the Israeli crime control authority, NBCTF, to counter...
Stablecoin-Issuer Circle Pushes for USDC Adoption in the Philippines – What's Going On?
12.10.2023
Stablecoin issuer Circle has teamed up with Coins.ph, a major Philippine crypto exchange and crypto wallet provider, to enhance financial inclusion and improve remittances in the Philippines.
According to an announcement published by Circle on Wednesday, the partnership aims to raise awareness...
USDC issuer partners with Philippines exchange to promote stablecoin
11.10.2023
18 million users of Coins.ph are expected to receive a faster, lower-cost and more accessible remittance option as a result of the new partnership with Circle
Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand
21.9.2023
According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported...
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
21.9.2023
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing
Superapp Grab, Stablecoin Issuer Circle to Start Web3 Wallets Trial in Singapore
14.9.2023
The Grab Web3 Wallet will be available to users of the ride hailing, food delivery and digital payments app to use vouchers in non-fungible token (NFT) form and earn rewards
Tether adds Bahamas-based private bank Britannia as partner: Report
30.8.2023
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer
Coinbase Crypto Exchange Buys Stake in USDC Stablecoin-Issuer Circle – Here's What You Need to Know
22.8.2023
According to Circle's blog post released on August 21, Cryptocurrency exchange Coinbase has bought a minority stake in Circle Internet Financial while dissolving their Centre Consortium partnership that had issued USD Coin (USDC), the world's second-largest stablecoin....
Read More: Coinbase Crypto...
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
19.7.2023
Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD
Former Goldman Sachs Executive Craig Broderick Joins Stablecoin-Issuer Circle's Board
30.6.2023
The former Goldman Sachs executive Craig Broderick has joined the Board of Directors of Circle Internet Financial, the issuer of the USDC stablecoin.
Broderick served as the chief risk officer at Goldman Sachs for over three decades.
During his tenure at the investment bank, Broderick also...