Stablecoin-focused payments platform Rain has teamed up with Toku, a compliance provider for digital asset compensation, to bring real-time stablecoin payroll to global employers.The system allows companies to fund and…
Reason to trust
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In brief
Circle's stock dropped 6% after Compass Point initiated coverage with a neutral rating and $205 price target.
Analysts believe Circle trades at over 100x EBITDA as investors bet on stablecoin…
The Senate has made a monumental move toward the regulation of digital assets advancing the GENIUS Act, also known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act,…
In brief
Circle (CRCL) surged 14% to $228 after Seaport Global initiated coverage with a buy rating and $235 price target, calling it a "top-tier crypto disruptor."
The rally was fueled by…
Coinbase has struck a deal to have the world’s second-biggest stablecoin, USDC, used as collateral in US futures trading. The cryptocurrency exchange is also expanding its payment offerings, including integrating…
A stablecoin may soon become a mainstream fixture in
U.S. derivatives markets. Coinbase Derivatives and clearinghouse Nodal Clear
plan to make USDC eligible collateral for margined futures trading, marking
what could be a…
Coinbase Derivatives is expanding its partnership with clearinghouse Nodal Clear to bring Circle’s USDC stablecoin into US futures markets as eligible collateral.On Wednesday, the companies announced that USDC will now…
Coinbase is making a major move to bring stablecoins into the heart of U.S. financial markets, and CEO Brian Armstrong is putting USDC right at the center of that. Coinbase…
In brief
Circle's move to go public doesn't impact USDC's stability rating, according to S&P analysts.
Legal uncertainty remains over whether USDC reserves would be protected if Circle goes bankrupt.
Proposed GENIUS Act…