Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion (roughly Rs. 57,404 crore) on a fully diluted basis in its US initial public offering, as the stablecoin giant looks to tap into growing optimism around cryptocurrency. New York-based Circle and some existing investors are looking to raise up to $624 … Read more
Ripple has proposed a takeover of rival stablecoin provider Circle Internet Group Inc. for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore), a bid that was rejected as too low, according to people familiar with the matter. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer, … Read more
Stablecoin issuers and exchanges got a boost Friday from the Securities and Exchange Commission after the agency’s staff determined that the assets, generally, aren’t securities. That means they won’t have to be registered with the markets regulator. The determination applies as long as a crypto asset is backed by a stable currency such as the … Read more
Sony Electronics recently announced that it has begun accepting the USDC stablecoin for payments in Singapore. The electronics giant has teamed up with Crypto.com to facilitate USDC transactions on its online store, it said in an announcement on Wednesday. Crypto.com is an exchange for virtual digital assets (VDAs), headquartered in Singapore. Sony is continuing its … Read more