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]

Coinbase, the biggest US crypto exchange, said it won’t move forward with plans to acquire stablecoin infrastructure startup BVNK in what was a roughly $2 billion transaction https://t.co/kE4NhjvJsR ...

Coinbase has ended acquisition talks with U.K.-based stablecoin infrastructure firm BVNK, which had been valued at around $2 billion. A Coinbase spokesperson confirmed to Fortune that the two companies entered an exclusivity period in October and conducted due diligence, but ultimately decided not to proceed with the deal. No reason was given for the termination. https://t.co/Q0VWIaUF3p ...

Coinbase Abandons $2 Billion Acquisition of Stablecoin Firm BVNK: Fortune► https://t.co/DOrtMDEfnr https://t.co/DOrtMDEfnr ...

Learn more about Stablecoin Earn: https://t.co/gyfbdC2D2Z ...

Core Insights - Circle CEO Jeremy Allaire is facing skepticism ahead of the company's upcoming earnings report, emphasizing the need for deep conviction in their mission [2][3] - Allaire's strategic approach contrasts with the Bitcoin ecosystem, focusing on integrating crypto technology into the existing fiat system rather than separating money from the state [2] - Circle has experienced significant challenges, including near bankruptcy and job cuts, while competing with larger stablecoin players like Tether [3][4] Company Developments - Circle transitioned from a Bitcoin-centric payments platform to a stablecoin issuer, launching USDC as its flagship product [3] - The company went public in June, becoming the first publicly-traded stablecoin issuer, which has enhanced credibility in the stablecoin market [5][6] - The successful IPO attracted major underwriters, signaling that stablecoins are viable financial products with real-world applications [6] Market Context - The stablecoin market is characterized as a "winner-take-most" environment, indicating intense competition among issuers [4] - Tether's USDT stablecoin currently holds a larger market value, posing a significant challenge for Circle [4]

Circle CEO Jeremy Allaire is reportedly battling naysayers ahead of the company’s next earnings report.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Bloomberg published an interview with Allaire Tuesday (Nov. 11) ...

LATEST: 🏦 British multinational bank Standard Chartered is partnering with Singapore-based DCS Card Centre to power real-world crypto spending through DeCard, a credit card that processes stablecoin transactions for everyday purchases. https://t.co/ptPzDJXDuw ...