9+ hour, 16+ min ago   (450+ words) Crypto card spending more than tripled over the past year, reaching $1.04 billion in July, driven largely by dollar-backed stablecoins and increasingly ordinary purchases such as groceries, ride-hailing and food delivery. Dollar-backed stablecoins funded 70% of the more than 10 million tracked transactions,…...

2+ hour, 13+ min ago   (564+ words) X is reportedly exploring stablecoin payments for content creators, with Circle's USDC among the options being discussed. The talks come as the platform phases out its Revenue Sharing program in favor of a new Original Content Rewards system. The stablecoin…...

3+ hour, 1+ min ago   (524+ words) ARK Invest's founder says Wall Street analysts do not understand the stablecoin issuer's business model. Cathie Wood has kept buying Circle shares through a steep decline, according to reports from BeInCrypto and Yahoo Finance. The stock has dropped 42% from earlier…...

10+ hour, 53+ min ago   (427+ words) South Korea’s financial sector is undergoing a major shift. Crypto commentator Market 24/7 (@Market_24_7)posted a statement that caught the attention of the XRP army. He wrote, “XRP has replaced SWIFT in Korea.” The post referred to Ripple’s partnership with Jeonbuk Bank,…...

3+ hour, 48+ min ago   (452+ words) ARK Invest's founder points to CRCL's 84% post-IPO surge as evidence that traditional payment analysts are missing the stablecoin revolution unfolding under their noses Cathie Wood has never been one to whisper her convictions, and her latest target is the analyst…...

4+ hour, 18+ min ago   (371+ words) Approved structure does not include checking accounts, FDIC-insured savings accounts, or mortgages, and focuses on digital assets and reserves Circle received a federal authorization to operate a banking structure focused on custody. final approval was granted on July 10 for the…...

4+ hour, 16+ min ago   (702+ words) Nothing in a stablecoin’s code holds its price at $1, meaning that the peg is simply an economic promise where the issuer says every token can be redeemed for one real dollar, and arbitrage does the rest. If $USDT trades at…...

6+ hour, 18+ min ago   (571+ words) Crypto-linked card spending more than tripled over the past year, topping $1 billion in July as dollar-backed stablecoins increasingly funded routine consumer purchases such as groceries, ride-hailing and food delivery, according to data from Paymentscan cited by venture capital firm a16z. "The…...

6+ hour, 20+ min ago   (344+ words) Officials across Europe and emerging markets worry that dollar-pegged stablecoins are eroding their ability to control domestic monetary policy, and CBDCs aren't the fix they hoped for The world’s central bankers have a new nemesis, and it’s not inflation. It’s…...

7+ hour, 48+ min ago   (335+ words) Traders Union Circle stock jumps 84 percent since IPO, Cathie Wood notes Cathie Wood, fund manager at ARK Invest, points to the 84 percent appreciation of Circle stock since its IPO as an example of short-term inefficiency in public equity markets. She…...