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Circle Reports $2.4 Trillion Stablecoin Activity in Asia-Pacific
Yahoo Finance· 2025-10-03 05:55
Core Insights - Asia-Pacific is identified as the fastest-growing stablecoin market, with on-chain activity reaching $2.4 trillion between June 2024 and June 2025 [1][2] - Singapore and Hong Kong have emerged as the second and third-largest stablecoin trading hubs globally, following the US [3] Market Dynamics - The Singapore-China corridor has become the most active route for cross-border transactions, highlighting Singapore's strategic importance in digital asset flows [3] - Circle's expansion into Asia, marked by the opening of its Singapore office in May 2025, reflects the growing demand for stablecoins [4] Transaction Growth - Monthly stablecoin transaction volumes have seen significant growth, with corporate transactions increasing from less than $100 million in early 2023 to over $3 billion by early 2025 [4] Adoption Across Sectors - Various industries, including travel and luxury retail, are increasingly adopting stablecoin payments, with notable examples such as Wetrip travel agency and Capella Hotels [5] Regulatory Developments - The rise of stablecoins is accompanied by regulatory advancements, with Hong Kong implementing dedicated stablecoin regulations in August 2025 and the US passing the GENIUS Act in June [7]
TradFi Giant Deutsche Börse Taps Circle for Major European Stablecoin Push
Yahoo Finance· 2025-09-30 17:51
Core Insights - Deutsche Börse Group has signed a Memorandum of Understanding with Circle Internet Financial to integrate regulated stablecoins into European capital markets [1] - The collaboration focuses on Circle's USDC and EURC, connecting token-based payment networks with traditional financial infrastructure [1] - This partnership is the first formal collaboration between a major European market infrastructure provider and a global stablecoin issuer [1][2] Regulatory Framework - The initiative is seen as a milestone for regulated digital finance in Europe, enabled by the EU's Markets in Crypto-Assets Regulation (MiCA) [2] - MiCA provides a comprehensive framework for digital assets, facilitating the integration of stablecoins into the financial system [2][6] Implementation Details - The initial rollout will occur through Deutsche Börse's subsidiaries, with trading facilitated on 360T's digital exchange, 3DX, and through Crypto Finance [3] - Custody services will be provided via Clearstream, with Crypto Finance's German entity acting as sub-custodian [3] Benefits of the Partnership - The collaboration aims to reduce settlement risk, lower costs, and improve efficiency across banks, asset managers, and other market participants [4] - Aligning regulated stablecoins with trusted venues is expected to unlock new products and streamline workflows across trading, settlement, and custody [4] Strategic Goals - Deutsche Börse sees the potential of stablecoins to reshape European finance and advance its ambition to digitize securities issuance and post-trade processes [5] - The partnership positions Deutsche Börse to bridge traditional and digital markets, providing an integrated value chain across execution, settlement, and custody [5] Regulatory Milestones - Circle achieved a significant regulatory milestone by securing an Electronic Money Institution license under MiCA, allowing it to issue USDC and EURC across the EU [6] - This approval is viewed as a major step towards mainstream adoption of stablecoins, ensuring compliance with consumer protection and reserve requirements [7]
X @Circle
Circle· 2025-09-30 11:00
Circle 🤝 Deutsche Börse GroupWe are collaborating with the international exchange organization and market infrastructure provider with plans to expand the use of USDC and EURC across European capital markets.This initiative between a leading European market infrastructure provider and a global stablecoin issuer marks a milestone for regulated digital finance in Europe.https://t.co/edCGu1zKkl ...
X @Binance
Binance· 2025-09-29 15:25
The future of digital finance in Kazakhstan is here!Alem Crypto Fund OEIC Ltd., backed by the Ministry of AI & Digital Development and regulated by AFSA, launches at AIFC as a key institutional platform for digital asset investment and reserves creation.Binance Kazakhstan joins as a strategic partner, with the fund’s first investment in BNB, a strong signal of government trust and institutional adoption.👉 https://t.co/aJqRoc1VKm ...
QNB Taps JPMorgan’s Kinexys to Speed Up Cross-Border Dollar Settlements
Yahoo Finance· 2025-09-29 14:19
Core Insights - Qatar National Bank (QNB) has adopted JPMorgan's blockchain payment platform, Kinexys, to enhance corporate US dollar transactions, enabling near-instant settlements and continuous operation outside traditional banking hours [2][4]. Group 1: Adoption of Kinexys - QNB, the largest bank in the Middle East and Africa, has integrated the Kinexys platform to improve the speed of corporate US dollar payments, allowing transactions to settle within minutes compared to traditional methods [2][5]. - The Kinexys platform, rebranded from JPMorgan Onyx, supports direct settlement between banks, bypassing legacy clearinghouses and reducing reconciliation delays [5][6]. Group 2: Benefits of the Blockchain System - The blockchain network records all transactions on a distributed ledger, providing greater transparency and auditability, which translates into quicker access to funds and lower operational risk for regional corporations and multinational clients [3][4]. - The use of smart contracts within the Kinexys platform minimizes errors and reduces the need for manual intervention, enhancing transaction efficiency [6]. Group 3: Strategic Implications for QNB - QNB expects the efficiencies gained from adopting Kinexys to strengthen its position in corporate US dollar flows in the Gulf region, aligning with broader trends in digital finance [4]. - The bank's commitment to modernizing regional financial infrastructure through technology adoption emphasizes its strategy to improve client services and enhance competitive advantage [4].
Cosmos Health CEO Issues Letter to Shareholders: Building a Global Healthcare Powerhouse with $300M Digital Financing Facility, U.S. Manufacturing Expansion, and AI Innovation
Globenewswire· 2025-09-29 12:00
Core Insights - Cosmos Health Inc. is at a pivotal moment, having refined its strategy and operations to foster sustainable growth and long-term value creation [1][3] - The company aims to create a global healthcare platform integrating various sectors, including pharmaceuticals, nutraceuticals, and digital finance [4][5] - The ambition for 2030 is to transform into a global powerhouse by scaling branded products and leveraging AI and blockchain technologies [6][7] Vision & Ambition - The company has aligned all business units towards a common goal of making high-quality healthcare accessible globally [4][5] - Cosmos Health emphasizes resilience, creativity, and leadership in rapidly evolving industries [5] Milestones & Achievements - Significant progress has been made in financing, manufacturing capabilities, and innovation pipeline, including securing a $300 million financing facility [9][11] - The company has expanded its manufacturing footprint and strengthened its wholesale operations [10][18] Financial Performance & Outlook - In 2024, Cosmos Health reported revenues of approximately $54.43 million, a 2% increase from 2023, with a notable reduction in operating expenses [40][41] - The company aims for continued growth and profitability, targeting approximately $155.8 million in revenue by 2027 [48][44] Strategy & Roadmap - The growth strategy is built on six pillars, focusing on profitability, cash flow, and scaling high-margin businesses [46] - The company is committed to maintaining financial strength while pursuing innovation and global expansion [49][52] R&D and Innovation - Cosmos Health is advancing its proprietary obesity treatment, CCX0722, and expanding its R&D pipeline across multiple therapeutic areas [25][30] - The company utilizes its AI-enabled platform, Cloudscreen, to enhance drug discovery and accelerate innovation [26][50] Global Expansion - The flagship brand, Sky Premium Life, is expanding internationally, with over 150 premium products and strong demand across various regions [18][19] - The company has established a dual manufacturing hub in the U.S. and Europe to enhance supply chain resilience [18][22] Insider Commitment - The CEO has invested over $18 million of personal capital into the company, demonstrating a strong alignment of interests with shareholders [34][35] Sustainability Commitment - Cosmos Health is focused on balancing growth with social responsibility, emphasizing innovation, market development, and digital asset strategies [53][54]
X @OKX
OKX· 2025-09-27 04:42
Event Highlights - OKX hosted a panel discussion featuring Vitalik Buterin and OKX leadership in Singapore [1] - The panel focused on Ethereum's evolution, trust and resilience in digital finance, and Asia's role in shaping the future of the industry [1] Key Discussion Topics - Ethereum's evolution was a central theme [1] - The importance of trust and resilience in the digital finance sector was highlighted [1] - Asia's influence on the future of digital finance was explored [1] Target Audience - The event catered to builders and institutions in the digital finance space [1]