Circle CEO Proposes AI Oversight for Bitcoin Mining
Circle CEO Paolo Ardoino suggests leveraging Artificial Intelligence to manage Bitcoin mining operations, but stresses the need for defined protocols regarding authorization and control.
2 min read
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Circle Gateway Expands to cirBTC and EURC With Separate Balance Architecture
Circle's cross-chain balance service Gateway now supports wrapped Bitcoin token cirBTC and euro stablecoin EURC alongside USDC, with each asset maintaining independent balances across distinct network routes.
3 min read
Kraken Parent Payward Acquires Saldo Bank, Eyes Full-Service Banking License by 2027
Kraken's parent company Payward agreed on Oct. 14 to acquire Finland's Saldo Finance Oy, owner of Lithuania's Saldo Bank, in a deal targeting a 2027 close pending regulatory approval. The move would give the exchange deposit accounts, lending, and payment services.
2 min read
Circle Launches USDC Auctions, Redirects Redemption Fees to Institutions
Circle has introduced USDC auctions allowing institutions to capture fees previously paid by redeemers cashing out of the stablecoin. The new system aims to improve capital efficiency and offer incentives within the USDC ecosystem.
2 min read
US Senate Subcommittee Demands Tether Records Over Reported Nxum Deal Linked to Ex-Trump Adviser
The Democratic ranking member of the Senate Permanent Subcommittee on Investigations has requested records from Tether CEO Paolo Ardoino regarding a reported agreement between the stablecoin issuer and Nxum, a firm tied to former Trump crypto adviser Bo Hines.
2 min read
Stablecoins Gain Traction with Financial Advisors
Financial advisors are increasingly incorporating stablecoins into client portfolios, driven by demand for crypto exposure and the need for liquid, dollar-pegged assets. USDC and USDT are leading the charge, offering a bridge between traditional finance and digital assets.
2 min read
Trump Sued Over Alleged $2B Crypto Deals with UAE
A Circle shareholder filed suit against Donald Trump, alleging unconstitutional profits from $2 billion in cryptocurrency deals with the United Arab Emirates. The lawsuit claims Trump and his family illicitly benefited from foreign investment routed through World Liberty Financial.
2 min read
Tether Invests in Fintech Peso to Expand USDT Payments in LatAm
Tether has invested in Bolivian fintech firm Peso to facilitate retail payments using USDT across Bolivia, Brazil, Colombia, and Argentina. The move aims to broaden local on-ramps for the stablecoin.
2 min read
Coinbase Integrates Thunes for Global Stablecoin Payouts
Coinbase is partnering with Thunes to enable stablecoin transfers to billions of bank accounts and mobile wallets globally. The integration aims to expand access to cross-border payments, particularly in areas with limited traditional banking.
2 min read