Stories tagged “Usdc.”
7 stories
Analysts at Bernstein are bullish on stablecoin issuer Circle, arguing that a new growth cycle for its USDC stablecoin could provide a significant boost for the company over the next 12 months.
Circle has launched its USDC stablecoin on X Layer, OKX’s Ethereum layer-2 network, extending the stablecoin to an ecosystem connected to one of the world’s largest cryptocurrency exchanges by trading volume.
The launch of Open USD, backed by Coinbase, Visa and Mastercard, initially sparked fears of a direct challenge to Circle’s USDC and wiped billions from Circle’s market value. Executives at Coinbase, Visa and Mastercard now say they are pursuing a multi-stablecoin, multi-c…
Morgan Stanley downgraded Circle Internet to underweight and lowered its price target to $38 from $106, citing a weaker long-term earnings outlook.
OKX Europe has launched a one-way conversion feature allowing customers to deposit USDT and convert it into USDC, offering a regulated migration path as the European Union's MiCA rules limit support for the world's largest stablecoin.
Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.
Circle, the issuer of the USDC stablecoin, has received final approval from the U.S. Office of the Comptroller of the Currency to establish a federally supervised national trust bank. This approval adds to a growing list of crypto firms seeking federal banking licenses as…