The Circle posting quarterly results. The circulation of its USDC more than doubling from a year earlier. Joining us right now first on CNBC is Circles CEO Jeremy Aair.Good morning. We were just talking about how you beat topline, bottom line. This is maybe what happens when you have a good company but also an emerging technology that is uh the hottest play.And by the way, right now you are the real way and really maybe the only way to really get great exposure to this world. So, let's talk about what's goi ...

The Circle posting quarterly results. The circulation of its USDC more than doubling from a year earlier. Joining us right now first on CNBC is Circles CEO Jeremy Aair.Good morning. We were just talking about how you beat topline, bottom line. This is maybe what happens when you have a good company but also an emerging technology that is uh the hottest play.And by the way, right now you are the real way and really maybe the only way to really get great exposure to this world. So, let's talk about what's goi ...

Core Insights - J.P. Morgan Chase has launched a deposit token called JPM Coin aimed at institutional customers, representing dollar deposits with the bank [1][2] - The introduction of JPM Coin is part of a broader trend among financial institutions to enhance their digital asset offerings [2][4] Digital Asset Expansion - The JPM Coin allows users to send and receive money using the Base blockchain, which is associated with Coinbase, facilitating payments that process within seconds and operate 24/7 [2][3] - The launch follows a successful trial run in collaboration with companies like Mastercard, Coinbase, and B2C2, with plans to eventually expand the token's availability to J.P. Morgan's clients' customers and other currencies and blockchains [3][4] Market Context - The launch coincides with increased experimentation with digital assets by other financial institutions such as Citigroup, Santander, Deutsche Bank, and PayPal [4] - This initiative follows the introduction of the GENIUS Act in the U.S., which regulates stablecoins, highlighting the growing interest in digital currencies [4] Stability and Trust - Deposit tokens like JPM Coin are digital representations of traditional bank deposits, backed 1-to-1 by fiat currency, providing stability and reliability compared to volatile cryptocurrencies [5][6] - The backing by real-world assets enhances trust and security, which is essential for mainstream financial transactions [5][6] Regulatory Compliance - As deposit tokens are issued by regulated banks, they comply with stringent regulatory frameworks, addressing concerns about the adoption of digital currencies [6] - This compliance offers assurance to consumers and businesses, making deposit-based products a compelling alternative for institutional clients [7]

By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Circle's third-quarter profit beat Wall Street expectations on Wednesday, driven by higher reserve income amid ​rising circulation of its flagship stablecoin, but shares fell on concerns over potential ‌competition and valuation. Global adoption of stablecoins — digital tokens backed by low-risk assets such as the U.S. ‌dollar or Treasuries — is gaining momentum as traditional financial firms roll out new offerings in the space and regulators worldwide ...

Core Insights - Circle Internet Group, Inc. reported strong financial results for Q3 2025, highlighting significant growth in revenue and net income, driven by the increasing adoption of USDC and the launch of the Arc public testnet [3][4][5]. Financial Highlights - Total revenue and reserve income reached $740 million, a 66% increase year-over-year [4][5]. - Net income from continuing operations was $214 million, reflecting a 202% year-over-year increase [4][5]. - Adjusted EBITDA was $166 million, up 78% year-over-year, with an adjusted EBITDA margin of 57% [4][5][10]. - USDC in circulation grew to $73.7 billion, marking a 108% increase year-over-year [5][6]. Corporate & Commercial Highlights - The Arc public testnet was launched with participation from over 100 companies across various sectors, indicating strong interest in programmable financial infrastructure [3][5][10]. - Circle is exploring the launch of a native token on the Arc network to enhance network participation and adoption [10][11]. - The Circle Payments Network (CPN) expanded to include 29 financial institutions, with 500 more in the pipeline, demonstrating growing commercial partnerships [5][16]. Key Operating Indicators - Average USDC in circulation was $67.8 billion, a 97% increase year-over-year [6]. - The stablecoin market share reached 29%, up 643 basis points [6]. - The number of meaningful wallets holding USDC increased to 6.3 million, a 77% growth [6]. Recent Developments - Reserve income increased to $711 million, a 60% year-over-year growth, primarily due to the rise in average USDC circulation [10][22]. - Other revenue surged to $29 million, up from $1 million year-over-year, driven by subscription and services revenue [10][22]. - Total distribution, transaction, and other costs rose to $448 million, a 74% increase year-over-year, reflecting higher distribution payments due to increased USDC circulation [10][22].

Market & Economic Outlook - The market is anticipating a pause in rate cuts in December, potentially extending into the new year, influenced by Fed Chair Powell's recent signals [2][4][5] - The economy is showing resilience, reflected in surprisingly strong earnings reports, with Q3 earnings increasing by 14% year-over-year, exceeding initial estimates of 65% [5][6][7] - The analyst anticipates the S&P 500 reaching 7000 by year-end and 7700 by the end of next year, indicating a continued bull market [16][17] - The analyst believes the US economy does not need support, suggesting the Fed's previous rate cuts may have been a mistake [8][9] Monetary Policy & Interest Rates - The Fed has already lowered the federal funds rate by 150 basis points over the past year [2] - The analyst questions the effectiveness of lowering interest rates to solve labor market issues and expresses doubt about the concept of a measurable neutral rate [3][12][13] - Despite the Fed cutting rates by 50 basis points in September and October, bond yields remain sticky around 4%, and mortgages around 6-65%, indicating resistance to further easing [10][11] Gold & Currency - The analyst initially lacked a view on gold due to its lack of income, but now sees potential for a major breakout, driven by geopolitical factors and Chinese investment [22][23][24][25] - The analyst projects gold prices to reach $5000 by the end of next year and $10000 by the end of the decade [26] - The analyst is contrarian on the dollar, anticipating surprising strength potentially due to the legitimization of stablecoins [27][29][30] Tariffs & Geopolitical Risks - The market has largely discounted the reopening of the US government [18][19] - There is a risk that the Supreme Court may rule Trump's tariffs unconstitutional, potentially requiring the government to refund $350 billion over 12 months, which could adversely affect the bond market [19][20]

blackrock buidl fund crossed $500m tokenized treasuries on ethereum settling instant through circle's usdc rails. franklin templeton deployed on polygon stellar aptos for regulatory arbitrage. the trade isn't buying transfer-restricted rwa tokens. it's base and polygon capturing settlement fees from $200b migrating on-chain. stablecoin issuers taking the flow. tradfi rebuilds infrastructure on public chains for 40% cost reduction not 5% efficiency gains. ...

Daily News 🗞 | November 12• Bitcoin signals bullish reversal as ‘apparent demand’ hits four-month highs• 61% of institutions plan to boost crypto exposure• BitMine snapped up 34% more ETH last week as prices dipped• Standard Chartered to debut DeCard, a pioneering stablecoin-enabled credit card in Singapore.• Brazil classifies stablecoin payments as foreign exchange#CryptoNews #PoloniexNEWS ...

By Leika Kihara TOKYO (Reuters) -Stablecoin issuers could become major buyers of Japanese government bonds in several years and influence the central bank's control over monetary policy, the head of Japan's first domestic issuer of yen-pegged stablecoins told ​Reuters. Japanese startup JPYC began issuing stablecoins pegged to the yen - also called JPYC - on October 27 in a significant move ‌in a country where many consumers still prefer traditional payment methods such as cash and credit cards. The comp ...

Project Overview - ADI Chain aims to bring 1 billion (十亿) people onchain across emerging markets [1] - ADI Chain is developing a Dirham-backed stablecoin [1] - ADI Chain focuses on government-ready compliance [1] Target Audience - Institutions and governments are the target audience for ADI Chain [1] Key Differentiator - ADI Chain is building differently to account for the different needs and risks of institutions and governments coming onchain [1] Collaboration - ADI Chain is collaborating with Alchemy [1][2] - Zksync Head of Enterprise, @tziokasv is involved [2]