
The U.S. Commodity Futures Trading Commission (CFTC) plans to hold a “CEO forum” for the heads of digital asset firms. The summit will include participants from Ripple, Coinbase, Circle, Crypto.com and MoonPay and will involve discussions about the “launch of the CFTC’s digital asset markets pilot program for tokenized non-cash collateral such as stablecoins,” according […]
The post CFTC Acting Chairman To Hold a Crypto Summit To Discuss the Launch of ‘Digital Asset Markets Pilot Program’ appeared first on The Daily Hodl.
Leading crypto firms have reportedly made seven-figure donations to incoming President Donald Trump’s inaugural committee since the November 2024 US election. Politico reports that Ripple, Coinbase, Kraken, Robinhood and Circle shelled out at least $10 million for Trump’s inauguration and related events. Blockchain payments firm Ripple, which faced enforcement action from the U.S. Securities and […]
The post Ripple, Coinbase, Kraken, Robinhood and Circle Have Donated Millions of Dollars to Trump Since Election: Report appeared first on The Daily Hodl.
USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
Circle’s USD Coin stablecoin outpaced all other stablecoins in terms of market capitalization growth in 2024, after a decline in 2023.
The circulation of USD Coin (USDC) grew 78% year-over-year, outpacing the growth rate of all global stablecoins, Circle said in its third annual State of the USDC Economy Report released on Jan. 14.
“The growth of USDC in 2024 can be attributed to a combination of factors: the maturing regulatory clarity across major markets, the scalability of blockchain infrastructure, and our relentless focus on trust, transparency and utility,” a spokesperson for Circle told Cointelegraph.
Agora’s AUSD is the latest entrant into the burgeoning stablecoin market.
Asset manager Galaxy and stablecoin issuer Agora completed the first over-the-counter transaction involving AUSD, Agora’s stablecoin, according to a Jan. 8 announcement.
“This trade marks the transition of AUSD from proof-of-concept to real-world application,” Nick van Eck, Agora’s CEO, said in a statement.
Agora’s AUSD is the latest stablecoin seeking to capture market share from incumbents, such as Circle’s USD Coin (USDC) and Tether’s USDt (USDT). It joins other relative newcomers such as Ethena’s USDe.