Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East. Circle has unveiled two partnerships to embed stablecoins settlement into mainstream finance. New deals with Mastercard and Finastra aim to expand USD Coin's role to merchants and banks worldwide. Mastercard said on Wednesday that it will enable acquirers and merchants in Eastern Europe, the Middle East and Africa (EEMEA) to settle transactions in USDC (USDC) and Euro Coin (EURC). Arab Financial Services and Eazy Financial Services will be the first to adopt the service, marking the first stablecoin settlement available through Mastercard in the region. Finastra, a London-based financial software provider, also announced on Wednesday the integration of USDC into its Global PAYplus platform, which is said to processes more than $5 trillion in cross-border transactions daily. Read more
SBI partners with Circle, Ripple and Startale to launch stablecoin ventures and a tokenized asset trading platform in Japan. Japanese financial conglomerate SBI inked new blockchain partnerships with USDC issuer Circle, XRP developer Ripple and the Web3 company Startale. SBI Group announced the three separate partnerships on Friday, including stablecoin-related collaborations with US companies Circle and Ripple, and a new tokenization project with Singapore-based Startale. In cooperation with Startale, SBI plans to build an onchain trading platform for tokenized stocks and real-world assets (RWAs) to enable 24/7 trading. Read more
Tether and Circle are set to meet with the CEOs of South Korea’s four largest banks this week to discuss potential partnerships. Leading stablecoin issuers Tether and Circle are expected to meet with top executives from South Korea’s largest banks this week, according to local media. South Korea’s state-funded Yonhap News Agency reported Thursday that representatives from Tether and Circle are scheduled to meet with the top executives of South Korea’s four major financial groups. The executives are expected to discuss potential partnerships, the issuance of Korean won-backed stablecoins and the distribution of US dollar-backed stablecoins in South Korea. Shinhan Financial Group CEO Jin Ok-dong and Hana Financial Group CEO Ham Young-joo reportedly have scheduled meetings with Circle President Heath Tarbert on Friday. Young-joo is also reportedly scheduled to meet a Tether official on the same day. Read more
Circle’s new layer 1 blockchain will debut with Fireblocks support as the stablecoin sector expands, with Circle and Tether vying for market dominance. Circle’s new layer-1 blockchain Arc will integrate with Fireblocks, a New York–based digital asset custody and tokenization platform serving more than 2,400 banks, asset managers and fintechs. Arc is not yet live, but Circle plans to roll out a public testnet this fall ahead of a full launch by year-end. Fireblocks said it prepares custody and compliance support so clients can transact on Arc once the network launches. Its platform supports over 120 blockchains and facilitates settlement for institutions across global markets. The unusually early integration drew some criticism on X. Solana, for example, launched in 2020, but wasn’t added to Fireblocks until late 2021, after its ecosystem reached critical mass. Arc will instead debut with Fireblocks integration, giving banks and asset managers “day one” access. Read more
USDC issuer Circle introduced its layer-1 blockchain, Arc, and said its Q2 revenue and reserve income increased 53% year-over-year. Circle, a publicly traded US company and the issuer of USDC stablecoin, said it will launch a layer-1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) later this year. The company released its second-quarter results on Tuesday and announced the introduction of Arc, a new network designed to offer an “enterprise-grade foundation” for stablecoin payments, foreign exchange and capital markets applications. Expected to launch in public testnet, Circle’s Arc will feature USDC (USDC) as its native gas token, enabling users to pay transaction fees with the stablecoin. Read more
Circle’s Dante Disparte says the GENIUS Act ensures tech giants and banks can’t dominate the stablecoin market without facing strict structural and regulatory hurdles. The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday. Any non-bank that wants to mint a dollar-pegged token must spin up “a standalone entity that looks more like Circle and less like a bank,” clear antitrust hurdles and face a Treasury Department committee with veto power over the launch. Banks don’t get a free pass either. Lenders that issue a stablecoin must house it in a legally separate subsidiary and keep the coins on a balance sheet that carries “no risk-taking, no leverage, no lending,” Disparte noted. Read more
By securing a national trust charter, USDC’s issuer, Circle, plans to directly manage its $62-bilion reserves. Circle, the fintech firm behind USDC, has filed an application with the Office of the Comptroller of the Currency (OCC) to establish America’s first digital currency bank, a national trust institution that would bring stablecoins fully into the federally regulated financial system. The proposed entity, First National Digital Currency Bank, wouldn’t operate like a traditional consumer bank. It wouldn’t offer deposits or loans. Instead, it would focus on Circle USDC trust bank functions: safeguarding USDC (USDC) reserves, managing cash and short-term Treasury holdings and offering digital asset custody services to institutional clients. Read more
While seeing Circle as well-positioned in the market, JPMorgan analysts warned that competition is a potential threat to the stablecoin issuer. Analysts at JPMorgan, a major US investment bank, have initiated coverage of Circle (CRCL) shares with an underweight rating and a $80 price target by December 2026. JPMorgan’s analysts, led by Kenneth Worthington, on Monday presented their first formal Circle stock analysis in the “North America Equity Research” report, seen by Cointelegraph. Down 55% from the current CRCL price of $180, the forecast is based on a 45x multiple of projected 2027 earnings per share (EPS) plus a $10 premium for upside potential. Read more
Circle’s eighth-largest holder, ARK Invest, continued offloading CRCL shares on Monday amid the stock briefly topping at $299. Cathie Wood’s investment company ARK Invest has continued dumping Circle shares after selling 1.25 million CRCL shares last week for about $243 million. ARK sold another 415,844 Circle shares from its funds for $109.6 million on Monday, according to a trade notification seen by Cointelegraph. The transactions marked the fourth Circle dump by ARK since the asset manager started offloading CRCL shares on June 16, just 11 days after Circle’s public launch on the New York Stock Exchange (NYSE). Read more