Circle is poised to price its initial public offering above its marketed range after receiving investor orders for more than 25x the number of shares available, Bloomberg reported on June 4, citing people familiar with the matter. The stablecoin issuer and its backers are offering 32 million shares at a price range of $27 to […]
Circle set to exceed IPO expectations after overwhelming investor demand Read More »
World Liberty Financial, a DeFi venture part-owned by a trust of US President Donald Trump, has kicked off a new airdrop campaign targeting early backers. On June 4, the blockchain analytics platform Lookonchain confirmed that the project began distributing $47 worth of its USD1 stablecoin to wallets that participated in the WLFI token sale. The airdrop, approved
Binance is leading all centralized crypto exchanges in stablecoin reserves. According to the latest stats, the crypto exchange currently holds $31 billion in USDT and USDC, which is around 59% of total stablecoin holdings across the sector. This dominance highlights Binance’s outsized role in providing liquidity and facilitating stablecoin-denominated transactions. Stablecoin Inflows Favor Binance When
Binance Attracts $180 Billion in Stablecoin Deposits Year-to-Date Read More »
Tether has announced a strategic investment in Orionx, a digital asset platform operating in Latin America, according to a June 3 statement. The investment aims to accelerate the use of stablecoin-powered financial services across the region, particularly in underserved and inflation-prone economies. According to the statement, Orionx currently serves users in Chile, Peru, Colombia, and
Tether invests in Orionx to boost stablecoin use in Latin America Read More »
Dubai is cementing its role as a leading crypto-friendly hub through strategic collaborations with major blockchain firms. On June 3, financial authorities in the region announced different initiatives with Solana and Ripple to build on earlier efforts to integrate digital assets into its economy. These moves further position Dubai as a global center for blockchain
Dubai crypto ambitions soar with Solana and Ripple moves Read More »
Circle, the company behind the USDC stablecoin, has revised its IPO filing to reflect stronger-than-expected investor demand, according to a June 2 filing with the US Securities and Exchange Commission (SEC). The updated filing shows Circle now plans to issue 32 million Class A shares, up from the previously announced 24 million. It also raised
Circle’s IPO attracts major interest, set for $7.2B valuation Read More »
Tether CEO Paolo Ardoino has disclosed that the company is being prevented from participating in Juventus Football Club’s latest capital increase. In a June 2 post on X, Ardoino addressed mounting inquiries from Juventus supporters who had hoped Tether would provide new capital to help the club sign players and regain its competitive edge. According
Tether shut out of Juventus capital raise despite increased investment Read More »
American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With Bitcoin’s remarkable dominance of the crypto market, speculations were whether an Altcoin Season (Altseason) could occur in the ongoing bull cycle. However, recent developments are pointing to a possible altseason, which crypto experts believe could be one of the biggest phases
Altcoin Season Odds Grow Strong As Alts Break Free From Bitcoin’s Shadow Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Banco Santander SA, one of the largest banks in Europe and Spain, is reportedly considering introducing its own stablecoin. The bank also plans to give its digital banking arm, Openbank, the ability to offer crypto services to retail clients. According to a
Santander’s Crypto Ambitions: Spain’s Top Bank To Roll Out Stablecoin Read More »
