Bitcoin startups get focused on blockchain shifting away from bitcoin as a digital currency.
The partnership will see OVERDARE roll out a new UGC mobile gaming platform for users to play their favorite games in Web3.
Circle Internet Financial confidentially filed for an initial public offering (IPO) in the US.
In addition to securing a new banking partner for its USDC stablecoin, Circle said that SBI will adopt its other business offerings, providing end-to-end development, deployment, and operations platforms for building and operating Web3 apps across blockchains.
Circle said that businesses and institutions can access on/off-ramps for $USDC to OP Mainnet and Base through Circle Account.
The Circle CEO said that it’s time for the US to build on-chain dollars and embrace the multichain future, otherwise, the reserve currency could lose market share to China and Europe.
PayPal’s recent entry into the stablecoin arena with PYUSD is marked by both anticipation and caution. Despite the promising prospects of stablecoins, challenges, and uncertainties loom on the horizon.
Circle is not the only crypto firm that has downsized amid industry headwinds.
China has been at the forefront of CBDC development, with ongoing trials and pilot programs for the digital yuan.
Even though Circle already offers USD Coin (USDC), its co-founder and CEO Jeremy Allaire believes that introducing a Yen-linked stablecoin would provide new opportunities.
Allaire noted that progress has been made in putting necessary market structures in place.