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The company’s warchest is now valued at approximately $3 billion with another $300 million in additional capital allocated to an options acquisition strategy for Bitcoin-related securities.
Charles Schwab Corporation revealed intentions to launch direct cryptocurrency trading services and explore stablecoin offerings during its July 18 earnings call, marking a significant expansion into digital assets.
Tether’s USDt reached a historic $160 billion market capitalization on July 17, marking a significant milestone for the world’s largest stablecoin. However, pending US legislation could challenge its market position through new regulatory requirements.
PayPal’s PYUSD stablecoin has expanded to the Arbitrum network, becoming the first layer-2 blockchain integration for the dollar-pegged cryptocurrency. This move aims to reduce transaction costs and improve processing speeds.
Chainlink and the Blockchain Association introduced a comprehensive evaluation system measuring each US state’s blockchain and cryptocurrency policy advancement across six key categories.
Grayscale Investments submitted a confidential draft registration statement to the SEC on July 14, signaling its intent to go public. The filing follows recent crypto IPO successes like Circle’s 500% stock increase.