Circle Reports Record Q3 as USDC Circulation Tops $73 Billion

Published at 2025-11-14 09:15:09

Circle reported a standout third quarter as USDC circulation climbed past $73 billion and net income rose more than 200% compared with the year-ago period. The results underscore continued demand for dollar-pegged stablecoins and suggest growing adoption by institutional players and onchain services, reinforcing USDC’s role as a major liquidity vehicle in crypto markets.

Alongside the financials, Circle launched its Arc testnet and dropped a hint about a potential native token, part of a broader push to expand its onchain infrastructure and institutional ecosystem. If realized, a native token could alter Circle’s product mix and governance dynamics, making the outcome one to watch for regulators, exchanges, and institutional counterparties as the firm deepens its crypto footprint.

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Coinbase said it is collaborating with leading U.S. banks on stablecoin projects and pilot crypto services, with CEO Brian Armstrong noting banks are "leaning into this as an opportunity." The move reflects a growing, if cautious, Wall Street interest in crypto infrastructure.

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Published at 2025-12-03 19:45:15

BNP Paribas Joins EU Bank Consortium to Launch Euro Stablecoin

BNP Paribas is among ten European banks that formed Qivalis in the Netherlands to issue a euro-backed stablecoin, aiming to deliver a regulated digital euro payment solution.

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Published at 2025-12-03 10:45:15

Taiwan Plans First Regulated Stablecoin Launch in 2026

Taiwan will roll out its first regulated stablecoin in 2026, but regulators have not yet decided whether it will be pegged to the New Taiwan dollar or the U.S. dollar. That peg choice will shape how the token interacts with the island’s currency controls and cross‑border use.

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Published at 2025-12-03 09:15:08

BlackRock Execs Say Tokenization Will Bridge Crypto and Traditional Finance

BlackRock executives told investors tokenization is the key to integrating crypto with mainstream finance, pointing to the firm's scale and its $2.8 billion tokenized cash market fund as proof of commitment. They see tokenized assets easing settlement and expanding access for institutional clients.

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Published at 2025-12-03 05:30:09

Ripple, Top VCs Back Ex-Goldman Exec's RWA Platform OpenEden

OpenEden, led by former Goldman Sachs executive Jeremy Ng, has secured backing from Ripple and prominent venture firms as its TBILL token and yield-bearing stablecoin USDO see rising institutional and on-chain adoption.