Chainalysis co-founder and CEO Michael Gronager expressed his belief that stablecoins will drive institutional adoption in Asia, despite potential disapproval from regulators.
TrustToken and TrueCoin have settled allegations that they misrepresented the backing of their stablecoin, TrueUSD (TUSD), and sold securities linked to it without proper registration.
According to Circle’s CEO and founder Jeremy Allaire, the stablecoin issuer is progressing with its initial public offering (IPO) debut and intends to relocate its headquarters to Wall Street in 2025.
This new stablecoin, called USDS, was officially introduced on September 18 and aims to incentivize those participating in the network by providing liquidity.
The company, which was valued at $45 billion earlier this year and received a banking license in the UK in July, is making good progress on the stablecoin.
Circle yesterday revealed its integration of the USDC stablecoin with payment systems in Brazil and Mexico for corporate clients through partnerships with prominent banks.
Singapore, Singapore, 17th September 2024, Chainwire
