Stablecoin
Circle raises $222 million for arc blockchain amid earnings
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Circle announced a $222 million presale for its ARC token at a $3 billion valuation alongside first-quarter results. The USDC issuer beat earnings estimates but missed on revenue. Shares rose more than 15 percent on the news.
Donald Trump Jr. and Zach Witkoff rejected online rumors that the Trump-linked crypto platform World Liberty Financial is collapsing. The denials came Thursday at Consensus in Miami Beach amid a legal fight with Tron founder Justin Sun. Executives defended the firm's leadership and stablecoin reserves.
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Ripple Labs CEO Brad Garlinghouse stated that the U.S. Senate's crypto market structure bill, known as the Clarity Act, remains uncertain despite a recent stablecoin compromise. Speaking at Consensus 2026 in Miami Beach, he emphasized that a Senate Banking Committee hearing this month is crucial for its advancement. Without it in the next two weeks, the bill's chances could drop sharply.
Compass Point analyst Ed Engel has upgraded his rating on Circle (CRCL) to Neutral from Sell, acknowledging its shift toward behaving like a crypto market proxy. Despite the upgrade, Engel maintains a low price target of $60, citing ongoing valuation concerns and competition. The move follows a similar revision by Mizuho's Dan Dolev and comes as USDC's supply has declined.
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The U.S. Senate Banking Committee has postponed a key markup hearing on the Digital Asset Market Clarity Act, originally set for January 15, 2026, following opposition from Coinbase. The delay stems from concerns over provisions affecting stablecoin rewards and regulatory authority. Lawmakers and industry leaders express optimism for continued negotiations.
World Liberty Financial, a Trump-related cryptocurrency project, has launched a governance vote to allocate less than 5% of its unlocked treasury tokens toward boosting adoption of its USD1 stablecoin. The proposal, released on December 28, 2025, aims to fund incentive programs and partnerships but faces early opposition from voters. The vote will conclude on January 4, 2026.
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PayPal is expanding its use of blockchain technology across its operations, a move its CEO says is essential for modernizing payments. This initiative reflects a broader trend among Wall Street firms embracing crypto tools. Experts predict 2026 will see widespread adoption following regulatory progress in 2025.
Tether reports $1.04 billion Q1 profit and record reserves
April 10, 2026 19:37Hong Kong awards stablecoin licences to HSBC and StanChart-led group
March 02, 2026 21:47EU banks' Qivalis advances euro stablecoin preparations
February 26, 2026 10:58Circle announces partnerships with Visa, Intuit, and a country
February 21, 2026 15:54Société Générale expands euro stablecoin to XRP Ledger
January 09, 2026 14:16Tether invests up to $50 million in crypto lender Ledn
January 08, 2026 16:26Wyoming's frontier stable token launches on Kraken
January 07, 2026 09:59Trump-linked crypto firm applies for federal banking charter
January 06, 2026 19:23Kontigo suffers $341,000 stablecoin theft in cyberattack
January 05, 2026 13:37Catholic USD stablecoin launches to support charitable causes