Collaboration between Circle and SBI Holdings to enhance USDC circulation in Japan
The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.
Stablecoin
Surge in Network Activity Pushes Ethereum (ETH) Price Above $2K
Despite regulatory action against Binance, a surge in Ethereum network activity and the expectation of a spot ETF approval fueled a price move above $2,000.
Circle introduces new ‘bridged USDC standard’ for seamless deployment on new networks
Circle published a new standard that allows developers to launch an unofficial bridged version of USDC that can later become native and official.
SEC Approaching First Deadline to Approve Bitcoin ETFs: Law Decoded
Even if approved by Nov. 17, the spot Bitcoin ETFs are unlikely to come to market for at least a month after approval.
Caroline Ellison discusses FTX-Binance conflict, SEC declines to appeal Grayscale BTC ETF: Hodler’s Digest, Oct. 8-14
Caroline Ellison testifies in Sam Bankman-Fried trial, reveals more on FTX-Binance war; SEC reportedly has no plans to appeal on Grayscale Bitcoin ETF case.
USDR stablecoin decouples from $1, drops to $0.53, yet team commits to offering remedies
Real estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions.
Bitcoin traders optimistic as BTC price remains stable despite volatile US dollar
Bitcoin looked like a stablecoin compared to the U.S. Dollar Index on Oct. 4, with BTC price levels of interest close to the spot price.
Report: Cardano Stablecoin Project Lost Investors’ Money in Risky Gamble
Ardana claimed to be creating a stablecoin platform on Cardano, but new evidence suggests it may have lost investors’ money in bad crypto trades.
Ledn, a Bitcoin lender, to introduce interest accounts for ETH and USDT
Spurred on by user requests, Bitcoin lending firm Ledn is rolling out an Ethereum yield product.
Circle introduces USDC stablecoin on Polkadot Asset Hub
Polkadot USDC users should not deposit XCM-transferred USDC from non-Polkadot Asset Hub parachains, Circle has warned.
