PYMNTS-MonitorEdge-May-2024

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Circle CEO: ‘Good Chance’ US Adopts Stablecoin Rules in 2024
Circle CEO: ‘Good Chance’ US Adopts Stablecoin Rules in 2024
January 15, 2024  |  Cryptocurrency

Circle’s CEO is confident that 2024 will be the year America adopts stablecoin legislation. While the U.S. has no federal cryptocurrency legislation, Jeremy Allaire, whose...

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Circle and Coins.ph Partner to Promote USDC Use in Philippines
Circle and Coins.ph Partner to Promote USDC Use in Philippines
October 11, 2023  |  Cryptocurrency

Circle Internet Financial and Coins.ph, a cryptocurrency exchange and digital wallet provider, have announced a partnership to promote financial inclusion through remittances in the Philippines. The collaboration...

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Crypto Company Circle Prepares for New Products and Global Expansion
Crypto Company Circle Prepares for New Products and Global Expansion
August 10, 2023  |  Cryptocurrency

Crypto company Circle Internet Financial is counting on its $1 billion cash cushion to weather fresh competition from non-crypto companies such as PayPal Holdings. Stablecoins are a...

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Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
February 24, 2023  |  Cryptocurrency

Citizens Trust Bank will hold $65 million in USD Coin (USDC) cash reserves as part of a partnership to foster digital financial inclusion. Circle Internet...

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Binance Downplays Reports That Company Is Leaving U.S.
Binance Downplays Reports That Company Is Leaving U.S.
February 19, 2023  |  Cryptocurrency

Binance’s CEO is denying reports his company is considering cutting ties with U.S. businesses. “We pulled back on some potential investments, or bids on bankrupt...

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FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service
FV Debuts Puerto Rico’s 1st Bank-Based Digital Asset Custody Service
November 09, 2022  |  Cryptocurrency

Puerto Rico’s FV Bank has launched digital asset custody and settlement services for clients around the world, becoming the first bank in the commonwealth to...

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Today in Crypto: Fraudster Takes $100M in Solana Heist; Fed’s Barr Calls Crypto Deposits ‘Liquidity Risks’
Today in Crypto: Fraudster Takes $100M in Solana Heist; Fed’s Barr Calls Crypto Deposits ‘Liquidity...
October 12, 2022  |  Cryptocurrency

A European Central Bank (ECB) study found that retail central bank digital currencies (rCBDCs), which would be used for everyday retail transactions, will see difficulties...

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Crypto Whale Pilfers $100M From Solana DeFi Platform Mango 
Crypto Whale Pilfers $100M From Solana DeFi Platform Mango 
October 12, 2022  |  Cryptocurrency

A crypto fraudster took off with an estimated $100 million after manipulating the token price of Mango using two accounts funded with the stablecoin USD...

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Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
Has SWIFT Beaten Crypto to Punch on Cross-Border Payments Interoperability?
October 05, 2022  |  Cross-border Payments

In a pair of papers today, financial messaging service SWIFT claimed that it has solved two of the thorniest problems digital assets must overcome if...

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