Browsing: launches

Shenchao Overview: Over the past few years, Circle has done just one thing: bring USDC to where users already are. Now, it’s entering the Layer 1 space itself, not betting on stealing liquidity from Ethereum or Solana, but aiming to create markets that don’t yet exist: stablecoin foreign exchange, institutional private finance, and autonomous agent…

SushiSwap is making a significant move by launching on Arc, marking the introduction of a new permissionless token launchpad. This development, shared by the CryptoTwitter account SushiSwap, enhances the platform’s capabilities in decentralized finance (DeFi). The launchpad will facilitate token launches and automated market maker (AMM) features, potentially attracting more users to the ecosystem.

Circle has launched Arc Mainnet, a Layer 1 blockchain seeking to power financial markets, stablecoin payments, and a new wave of AI-fueled economic activity. Arc went live on 16 September with 100+ applications and 100+ institutions and ecosystem participants. Circle’s infrastructure has since expanded past USDC▼$0.9998 to include a Layer 1 settlement layer.

The xrp news this week feels different because the money behind it is different. Grayscale gave XRP a 26.11% weight in its new advisor portfolio on September 14, per BeInCrypto. That same day, the U.S. Senate moved toward a cloture vote on the CLARITY Act, per CoinGabbar.

Deutsche Bank crypto custody is moving into the market as the German lender plans to offer institutions and corporate clients a way to hold and transfer Bitcoin, Ether, and selected stablecoins later this year, pending regulatory approval, with Germany set to be the first market for the service.

Today stablecoin issuer Circle announced the launch of its Arc blockchain network, marking a major vertical integration move for the listed company. Participants include a broad range of high profile traditional financial institutions alongside well known digital natives. Initially the blockchain is public but permissioned, with institutional validators joining in phases.