Binance Acquires $100M Circle Stake Under Five-Year USDC Promotion Pact
Binance has purchased $100 million worth of Circle shares as both organizations entered into a five-year agreement that compensates the digital asset exchange for advertising…
Stablecoins
ECB and European Central Banks Push for Liquidity Shifts Over Stablecoin Deposits in MiCA
The European Central Bank (ECB) alongside EU national central banks are looking to substitute mandatory bank-deposit minimums for stablecoin backing with fresh liquidity stipulations, maintaining…
Bastion Secures Conditional OCC Approval for National Trust Bank Charter
Stablecoin infrastructure provider Bastion announced that the Office of the Comptroller of the Currency (OCC) has provided preliminary conditional approval for a United States trust…
Crypto Long & Short: Investigating the 300-to-1 Onchain Discrepancy Between Dollar and Euro
Greetings Wednesday, This is your institutional digest, Crypto Long & Short. This edition: The dollar outpaces the euro roughly 3 to 1 offchain and surpasses…
Citi, Goldman, and Other Major Financial Giants Launch Stablecoin Project
A collective of 21 banking institutions, consisting of names like Bank of America, Citi, Goldman Sachs, and UBS, announced on Tuesday their intention to set…
Singapore Considers Approving Certain Overseas-Issued Stablecoins
The Monetary Authority of Singapore (MAS) is reviewing its previous prohibition against cross-border stablecoins, putting forward a pathway that could allow certain jointly issued digital…
Japan’s FSA Proposes Tax Reporting Exemption for Trust-Type Stablecoins by 2027
The Financial Services Agency (FSA) of Japan has formally proposed relieving trust-type stablecoins from mandatory tax reporting obligations beginning in the 2027 fiscal year. Within…