Tag: Issuer

Crypto stablecoin issuer Circle adds Apple Pay support

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Circle, the issuer of the United States dollar-pegged stablecoin USD Coin (USDC), has added support for Apple Pay — with the intention of bringing the crypto and traditional payment systems closer together. Circle made the announcement in a Nov. 15 blog post suggesting it may boost sales for crypto-native businesses as they can facilitate traditional payments from non-crypto-using customers while enabling customers to “buy crypto with Apple Pay on their preferred exchange.” According to Circle, the addition of Apple Pay support will benefit traditional businesses by allowing them “to shift…

Stablecoin Issuer Circle Plays Down FTX, Alameda Exposure

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USDC Issuer Circle to Add Solana Support for Euro Coin in 2023

Euro Coin was introduced in June on the Ethereum blockchain and is backed by a mixture of cash and European government debt. Adoption of the coin has been slow since, with a market cap of just $80 million. USDC, in contrast, has a market cap of $42 billion. The largest stablecoin, Tether’s USDT, has a market cap of $69 billion. Source AddCircleCoinEuroIssuerSolanaSupportUSDC CryptoX Portal

Stablecoin Issuer Paxos Receives Operating License From Singapore Regulator

“From the start, we’ve been committed to innovating within regulatory frameworks,” he said. “We believe blockchain and digital assets will revolutionize finance for everyone around the world, but development of this technology must have clear oversight and consumer protections. We’re excited to have MAS as our regulator, and with their oversight, we’ll be able to safely accelerate consumer adoption of digital assets globally in partnership with the world’s biggest enterprises.” Source

Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model

Called Frax Ether, the liquid staking system, went live on Oct. 13 in a soft community launch with an official announcement expected soon. The system has three components – frax ether (frxETH), staked frax Ether (sfrxETH), and the Frax ETH Minter. Staking refers to locking up coins in a crypto wallet in return for rewards. Liquid staking is the process of locking up funds to earn rewards while still having access to the funds locked via their liquid derivative coins. Source

Stablecoin Issuer Tether Fulfills Promise by Reducing Commercial Paper Holdings Down to Zero – Bitcoin News

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On October 13, 2022, Tether Holdings Limited announced that the stablecoin issuer has reduced the company’s commercial paper holdings down to zero. The company has said it would reach this goal for a while now, and Tether says that shrinking commercial paper holdings down to zero “demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market.” Tether Axes $30 Billion Worth of Commercial Paper Holdings, Firm Leverages US T-Bills Instead The company behind the largest stablecoin by market capitalization, Tether, has revealed that USDT’s reserves…