Circle’s Big Week: Scores Game-Changing Deals with Mastercard & Finastra
Circle is on a tear. Two huge announcements today show USDC is becoming deeply embedded in global finance:
China Considers Launching Yuan Stablecoin
China is poised to make a dramatic U-turn on cryptocurrency policy by developing its own yuan-backed stablecoin.
Wyoming Launches a State-backed Stablecoin
Think of a digital dollar that’s officially backed by a state government. That’s what Wyoming just created. It’s called the Frontier Stable Token, or FRNT for short.
Kwon’s Guilty Plea Marks Watershed for Crypto Enforcement
The US Justice Department has secured a major victory in its crypto crackdown as Terraform Labs’ Do Kwon agrees to plead guilty to fraud charges.
Paxos Pursues Federal Charter as Crypto Regulation Evolves
In a bid for greater regulatory clarity, stablecoin issuer Paxos has applied for a national trust bank charter under the OCC.
Animoca Brands-Led Consortium Initiates Stablecoin Licensing in Hong Kong
Animoca Brands, in collaboration with Standard Chartered and Hong Kong Telecommunications (HKT), has commenced the regulatory process to establish a licensed stablecoin operation in Hong Kong.
KakaoBank Explores Stablecoin Expansion Amid South Korea’s Crypto Push
KakaoBank is positioning itself to capitalize on South Korea’s growing crypto market, with plans to offer stablecoin-related services.
