Singapore Gulf Bank Eyes $50M for Stablecoin Firm Acquisition
Singapore Gulf Bank seeks to sell an equity share to fund product expansion and a 2025 stablecoin payments acquisition. Singapore Gulf Bank, a crypto-friendly digital bank, is reportedly seeking a minimum of $50 million in funding as it plans to acquire a stablecoin payments company by 2025. On November 25, Bloomberg reported that Singapore Gulf […]
Circle Brings USDC to Aptos via Stripe Payments
Circle will launch USDC and CCTP on Aptos, with Stripe enabling fiat-to-USDC conversions. On the Aptos blockchain, Circle is going to deploy its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) in the near future, as recently revealed by the company. This step marks the start of a new phase in Aptos’ development, positioning it as […]
Kraken, Galaxy Digital, & Others Launch Global Dollar Network
Kraken and Galaxy Digital have co-pioneered the Global Dollar Network to strengthen USDG in an effort to promote more universal stablecoin products. Leading Web3 companies, including Kraken, Galaxy Digital, Robinhood, and Paxos, have jointly established the Global Dollar Network, aiming to expand the use of the US Dollar through innovative stablecoin applications. Kraken’s Role in […]
Circle raises USDC cash-out fees
Circle’s strategic initiatives include its planned IPO and move to Wall Street by 2025, positioning USDC as a regulated digital dollar alternative. Circle, the company that issues stablecoins, has increased the fees that are required to redeem its USD Coin for the second time in a period of less than a year. Bloomberg published a […]
Bolivia Boosts Crypto Adoption with Bank-Backed USDT Custody
Bolivian bank Banco Bisa has launched a stablecoin custody service that allows customers to buy, sell, and transfer USDT. Crypto adoption is advancing in Bolivia as a prominent bank, Banco Bisa, has introduced a custody service for the USDt stablecoin. Banco Bisa announced that this new service would enable its clients to buy, sell, and […]