Circle moves toward privacy-focused stablecoin with USDCx project

Circle moves toward privacy-focused stablecoin with USDCx project

A new Circle–Aleo stablecoin project highlights the growing demand for privacy features as firms weigh blockchain use against the risks of transparency. Stablecoin issuer Circle is developing a privacy-enhanced version of its US dollar-pegged USDC token, aiming to spur institutional adoption by offering greater confidentiality than traditional public blockchains allow. The new stablecoin, called USDCx…

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Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand

Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions. Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows.  CoinGecko data showed that Ethena’s USDe stablecoin fell…

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Coinbase Business launches in Singapore to reshape payments with USDC

Coinbase Business launches in Singapore to reshape payments with USDC

Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more. Coinbase Business, a new business platform from major US crypto exchange Coinbase, has launched in Singapore, marking the company’s first international expansion. After introducing Coinbase Business in June, Coinbase has rolled…

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Circle debuts Arc testnet with participation by BlackRock, Goldman Sachs, Visa

Circle debuts Arc testnet with participation by BlackRock, Goldman Sachs, Visa

Circle’s new Arc blockchain testnet launches with participation from more than 100 institutions, including BlackRock, Goldman Sachs, Visa and Mastercard. Circle, the world’s second-largest stablecoin issuer, launched the public testnet for Arc, its open layer-1 blockchain network built to bring global financial infrastructure onchain. The rollout, which Circle calls the “Economic Operating System for the…

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BitGo files for US IPO with B in assets under custody

BitGo files for US IPO with $90B in assets under custody

BitGo files to go public with $90.3 billion in assets under custody, targeting NYSE listing as institutional crypto adoption accelerates under new US policies. Crypto custody firm BitGo has filed for a US initial public offering (IPO), aiming to capitalize on the renewed institutional demand for digital asset infrastructure under the Trump administration. The firm…

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