November 4th, 2025
The eventual refurbishing of the ledger-based stablecoin bridge between crypto and local currencies will begin in early 2022, with an aim to reconnect MoneyGram’s 150 million consumers.
FDIC is also assessing what direct deposit insurance would look like for banks who that to issue stablecoins in near future.
To avoid a further scuffle with the US SEC, Coinbase decides to drop its plan of crypto lending services with the USDC stablecoin.
Coinbase CEO Brian Armstrong disagrees with the SEC threat, adding that the Commission is simply threatened by the lending program.
The Centre hopes to sustain the growth momentum by bringing on new staff and opening up the Consortium to eligible organizations.
The future attestation reports published by Grant Thorton, who is Centre’s auditing authority, will reflect the new changes of the USDC’s $22 Billion reserves.
The growth of the thousands of digital currencies and its impact on the global crypto market cap is fast pulling the new range of asset classes from their nascent stages.
In an announcement made by Circle on Monday, the organization reveals that it is planning to expand its work scale by evolving into a full reserve national commercial bank.
Earlier, the co-founder and CEO of Circle Jeremy Allaire lauded the deal between Circle and Crypto.com, saying that this partnership will fuel crypto adoption globally.
The two players will work on helping businesses to accept crypto payments at their end. Mastercard will leverage Circle’s USDC stablecoin to facilitate instant settlement at their end.
The company will now offer a special facility where clients can use their Mastercard to conduct crypto transactions.
The firm revealed the plans on Thursday, noting that the deal will value Circle at an enterprise value of $4.5 billion.
Marshall Wace was involved in Circle’s $440 million fundraising round, which ended in May, and has recently been hiring staff to build a team to work with the cryptocurrency sector, according to the article.
According to Messari, USDC is all set to become the next governing stablecoin on Ethereum due to its rising popularity on DeFi.
USDC multichain capability will allow the speed, scalability, and cost-effectiveness of the next-gen public chains.