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X @Circle
Circle· 2025-12-03 20:51
RT Circle (@circle)USDC and CCTP are now live on @Starknet!Developers, DeFi users, and market makers on Starknet can now access the world’s largest regulated stablecoin for a range of use cases:→ DeFi trading: Power spot and perpetuals trading with collateral and 24/7 settlement on DEXs→ Gaming and payments: Fuel in-game economies and global payments backed by a fully reserved digital dollar→ Crosschain experiences: Move @USDC seamlessly between Starknet and supported blockchains with CCTPDay 1 apps: @avnu_ ...
Europe's bank-backed stablecoin; Ripple gets a win in Singapore
American Banker· 2025-12-03 20:24
Group 1: Euro-Backed Stablecoin Initiative - A consortium of European banks is working on a euro-backed stablecoin called Qivalis, which includes major banks such as BNP Paribas and CaixaBank [1][2][4] - Qivalis aims to launch in early 2026 under EU regulations, supporting real-time cross-border payments and settlements [2][4] - The initiative is seen as a response to the dominance of U.S. dollar-backed stablecoins, providing a local alternative for European businesses and consumers [4] Group 2: Stripe's Acquisition of Metronome - Stripe has acquired Metronome, a usage-based billing platform, to enhance its monetization capabilities [3][5] - Metronome has raised $128 million over four funding rounds, with a recent $50 million Series C round [5] - The partnership aims to integrate metered pricing into Stripe's offerings, which is expected to significantly impact revenue generation models [5] Group 3: Sony's Stablecoin Development - Sony is entering the stablecoin market by partnering with Bastion to provide services for its U.S. dollar-backed stablecoin [7][8] - The stablecoin is expected to launch in 2026 and will enhance payment options within the Sony Group ecosystem [9] - Sony's Innovation Fund has invested in Bastion, indicating a commitment to innovation in financial technology [10] Group 4: Ripple's Regulatory Approval in Singapore - Ripple Markets APAC has received expanded payment activity approvals from the Monetary Authority of Singapore [13][14] - This allows Ripple to sell payment products and settle payments in RLUSD and XRP, enhancing its operational capabilities in the region [13][14] Group 5: Mastercard's Agent Pay Launch - Mastercard plans to launch Agent Pay in Latin America and the Caribbean in early 2026, utilizing tokenization technology [15][16] - The initiative aims to enhance agent-led commerce and digital transformation in the region [17] Group 6: Kraken's Debit Card Introduction - Kraken is launching a debit card in the UK and EU that offers cashback rewards and allows spending from multiple balances [18][19] - The Krak Card follows similar offerings from other cryptocurrency exchanges, indicating a growing trend in the rewards card market [19] Group 7: AI in Cash and Liquidity Management - The Bank of International Settlements has found that generative AI models can effectively manage cash and liquidity in payment systems [20][21] - AI agents demonstrated the ability to maintain liquidity buffers and prioritize payments under various scenarios [22]
X @Token Terminal 📊
Token Terminal 📊· 2025-12-03 20:16
RT Token Terminal 📊 (@tokenterminal)The outstanding supply of @global_dollar Network's USDG stablecoin surpasses $1 billion, up ~30x since the start of the year.USDG is currently deployed on @solana, @ethereum, @inkonchain, and @XLayerOfficial & will expand to new permissionless L1 & L2 blockchains over time. https://t.co/i6KaeNmcP6 ...
X @CoinDesk
CoinDesk· 2025-12-03 19:36
Got a billion-dollar idea for blockchain?@easya_app cofounders @dom_kwok & @kwok_phil want to help you launch it!Catch their latest interview to learn about pitching your ideas to Web3's top investors at the @Consensus_hk EasyA Hackathon in Hong Kong, this Feb 11-12 ↓ https://t.co/oRGubnOSbK ...
Banks Push Crypto Infrastructure Despite Policy Gridlocks
PYMNTS.com· 2025-12-03 19:13
Despite uncertainty, banks worldwide are designing stablecoins and tokenized-deposit systems, signaling incumbents’ push to shape the next generation of payments rails.Banks spent 2025 preparing major blockchain products for 2026, but U.S. regulatory movement — including still-unimplemented stablecoin rules under the GENIUS Act — has left institutions in a holding pattern.Global lenders are racing to commercialize digital-asset custody, viewing it as foundational infrastructure for tokenized securities, on- ...
Larry Fink softens crypto stance as BlackRock boasts biggest US bitcoin ETF: 'My thought process has evolved'
Yahoo Finance· 2025-12-03 18:49
Core Viewpoint - BlackRock's chairman and CEO Larry Fink has shifted his perspective on cryptocurrencies, acknowledging that his initial skepticism was incorrect as the firm becomes a significant player in the crypto investment space [1][2]. Group 1: BlackRock's Involvement in Crypto - BlackRock's iShares Bitcoin Trust ETF (IBIT), launched in early 2024, has quickly become the largest US-listed bitcoin ETF, accumulating over $70 billion in assets [2][3]. - The ETF is now recognized as the world's fastest-growing ETF and has become BlackRock's most profitable product [3]. Group 2: Market Dynamics and Volatility - Fink noted that bitcoin remains heavily influenced by leveraged players, contributing to ongoing volatility in the crypto markets [4]. - Recent market events, including a significant sell-off on October 10, highlight the inherent volatility of bitcoin and the broader crypto market [3]. Group 3: Future of Finance and Tokenization - Fink emphasized that tokenization presents a transformative opportunity for traditional finance, potentially reducing friction costs and simplifying investment processes [5]. - BlackRock and other financial firms are awaiting Senate approval on the Clarity Act, which aims to establish a regulatory framework for tokenized assets [6].
Is Core Scientific’s AI Pivot Working? New Investor Takes Big $22 Million Position
Yahoo Finance· 2025-12-03 17:41
Core Viewpoint - Core Scientific, Inc. is a significant player in the blockchain infrastructure and digital asset mining sector in North America, utilizing proprietary technology and large-scale facilities to enhance mining efficiency and provide hosting solutions to institutional clients [1] Business Model - The company operates a dual business model, generating revenue from both proprietary digital asset mining and hosting services for third-party clients [2] - Core Scientific's revenue streams include digital asset mining, blockchain infrastructure, and colocation services, with a notable focus on high-density colocation and AI-related workloads [5] Financial Performance - In the third quarter, total revenue decreased to $81.1 million from $95.4 million year-over-year, while high-density colocation revenue increased to $15 million from $10.3 million [6] - The company reported a gross profit of $3.9 million, a significant improvement from a loss of $0.2 million in the previous year, despite a net loss of $146.7 million attributed to non-cash fair-value adjustments [6] - Liquidity remains strong at $694.8 million, including $453.4 million in cash and $241.4 million in bitcoin, providing the company with the capacity to fund its AI-infrastructure initiatives [6] Investment Activity - VR Advisory Services established a new position in Core Scientific, acquiring 1.2 million shares valued at approximately $21.7 million, representing 5.3% of the fund's reportable U.S. equity AUM [3][4] - This investment reflects VR Advisory's confidence in Core Scientific's transition towards more stable revenue streams, moving away from the volatility associated with bitcoin mining [5][7]