Circle Stuns Wall Street With 167% IPO Pop as Stablecoins Go Mainstream
The crypto world’s quiet giant made a thunderous entrance to Wall Street yesterday as Circle, issuer of the USDC stablecoin, saw shares rocket 167% in their NYSE debut.
Circle’s IPO Valuation Climbs to $6.9B with Latest Pricing Adjustment
Circle Internet Group has adjusted its IPO terms yet again, now targeting $1.05 billion by pricing shares at $31—surpassing its prior $27-$28 range.
Santander Eyes Stablecoin Expansion in Crypto Banking Push
Banco Santander could soon join the ranks of banks embracing crypto, with plans under consideration for a proprietary stablecoin and retail digital asset services.
Court Freezes $57M USDC in LIBRA Case: On-Chain Data Confirms
Nearly $57.65 million in USDC has been frozen following a court order in the LIBRA memecoin lawsuit.
Won-Based Stablecoin Proposal by South Korea’s Democratic Leader Targets Capital Outflows
Lee Jae-myung, leader of South Korea’s Democratic Party, has recommended creating a stablecoin tied to the Korean won to tackle capital outflows and reinforce national financial sovereignty.
US Senate Moves Forward with Genius Bill
On Monday, the Senate successfully moved forward with a major cryptocurrency regulation bill in a bipartisan effort, overcoming a recent blockade by Senate Democrats.
Northern Mariana Islands Senate Votes to Override Governor Veto of Stablecoin Bill
The Northern Mariana Islands Senate has overridden Governor Arnold Palacios’ veto of a stablecoin bill, enabling the Tinian local government to issue licenses to internet casinos and manage a “Tinian Stable Token.”
