Brazil Central Bank proposes 24-hour holds on large dollar stablecoin transfers

Coinbase's move into Open USD signals a shift towards diversified revenue streams, pressuring Circle to adapt its economic model for competitiveness. The post Coinbase backs new stablecoin venture, renegotiates deal with Circle appeared first on Crypto Briefing.

On June 30, more than 140 companies, including Visa, Mastercard, Stripe, BlackRock, Google, and Circle’s most important ally, Coinbase, unveiled a stablecoin designed to give away the exact revenue stream Circle lives on. CRCL cratered 17% in a day and…

Open USD launches with 140+ partners and reserve-yield sharing that redirects economics to integrators. Circle fell 17% on the news as USDC’s moat gets tested.

Stablecoin inflows to exchanges just fell to an 18-month low, yet Ethereum developers are deploying smart contracts at a record pace anyway. Bitcoin traded near $62,397 on Friday morning, a number that by itself explains almost nothing about what is happening underneath the price. The real story sat one layer down, in the stablecoin data […] The post Stablecoin Inflows Hit 18-Month Low While Ethereum Builders Ignore It appeared first on Live Bitcoin News.

Revolut is set to phase out USDT support for eligible European clients in line with the European Union’s MiCA regulations. Revolut has informed affected users via email that it will gradually stop supporting USDT in the coming months. Users can keep purchasing USDT until July 6, after which Revolut will

RBI submission cites 54 FIU-registered providers and 3.93 crore users, as stablecoin market cap nears $311B. India’s path tightens. Practical moves founders can take now.

Nigel Farage has been reported to the UK Parliament’s standards watchdog over allegations that he lobbied the Bank of England on cryptocurrency policy in ways that could benefit one of his largest political backers, a major investor in stablecoin issuer…

South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchange…