Business

Tether’s USAT stablecoin could be a ‘threat’ to Circle’s USDC for institutional dollars

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Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) USDC in the US market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at a US-regulated dollar token aimed at institutional users. Tether’s flagship […]

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IREN, CIFR, WULF and HUT lead BTC miners significantly higher on Tuesday

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AI powerhouse Anthropic, maker of AI chatbot Claude, is raising $20 billion in new investment from venture capitalists and other investors, the Financial Times reported, in a deal that would value the company at $350 billion. The San Francisco-based company had targeted a $10 billion investment round, people familiar with the matter told the FT,

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Standard Chartered says US regional banks most exposed to $500bn stablecoin shift

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The regulatory bottleneck in Washington masks a trillion-dollar threat to America’s banking core. The rise of stablecoins is moving beyond emerging markets to become a direct threat to domestic balance sheets, investment bank Standard Chartered said in a Tuesday report. The primary risk for US lenders is the erosion of the net interest margin (NIM),

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Mesh Payment Network Raises $75 Million, Gains Unicorn Status

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Cryptocurrency payment network Mesh acquired unicorn status with a $75 million Series C funding round that valued it at $1 billion. The round was led by Dragonfly Capital and included participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment and Liberty City Ventures, Mesh said on Tuesday. The fundraise, combined with the ceremonial significance of

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The anti-crypto stance of UK banks is intensifying even as the regulatory process progresses

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Although the UK’s crypto regulations are working their way through the system, most of the country’s banks still block their customers’ access to even registered crypto exchanges. The Financial Conduct Authority’s list of crypto-active companies that confirm they comply with the country’s anti-money laundering and anti-terrorist financing rules now stands at 59, including exchanges such

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AVAX One (AVX) stock drops more than 30% on insider share registration

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AVAX One, the digital investment firm advised by SkyBridge Capital founder Anthony Scaramucci, saw its shares fall more than 32% after it listed nearly 74 million shares held by insiders as available for sale. The company, which holds AVAX tokens and related Avalanche ecosystem assets, disclosed late Tuesday. While the filing did not specify when,

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