Argentina’s province to issue US dollar-pegged stablecoin
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. A law permitting the creation of its own stablecoin tied to the dollar was enacted by the Argentine province of San Luis. The “Activo Digital San Luis de Ahorro” token, which will be made available to all […]
Circle Cancels SPAC Merger With Concord
Circle and special purpose acquisition company, Concord Acquisition announced that the two companies mutually ended a merger. The agreement, which had an initial valuation of $4.5 billion when it was disclosed in July 2021, was later revised in February 2022 after Circle’s valuation increased to $9 billion. At the moment, USDC is the second-largest stablecoin […]
Circle adds Apple Pay support
Stablecoin issuer Circle has integrated Apple Pay support to benefit traditional businesses by allowing them “to shift more retail payments to digital currency.” To bridge the gap between cryptocurrency and conventional payment method s, Circle, the creator of the USD Coin stablecoin linked to the US dollar, has added support for Apple Pay. The announcement […]
Circle Begins Funding Its Reserve Fund, Aims To Fill It In 2023
BlackRock oversees the management of the Circle Reserve Fund, which is in the custody of Bank of New York Mellon. The company that launched USD Coin (UDSC), Circle, said that it has started investing some of its funds in Circle Reserve Fund, which was established earlier through a cooperation with the biggest asset manager in […]
Bitcoin, Ethereum Trading Launches At Union Bank Of Philippines
One of the biggest banks in the Philippines, UnionBank, has partnered with a Swiss cryptocurrency company to provide cryptocurrency trading. UnionBank has launched a pilot program for Bitcoin ( BTC $20,414) and Ether ( ETH $1,556) custody and trading services for select retail customers, the firm said in a joint announcement on Nov. 2. In […]