Banking Circle's stablecoin settlement launch follows its CASP approval, entering a crowded market with SocGen, Sygnum and a 12-bank euro stablecoin consortium. Luxembourg-based Banking Circle has launched stablecoin settlement services after receiving a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator on April 15, expanding into regulated fiat-to-stablecoin and stablecoin-to-fiat settlement for institutional clients. The rollout includes support for Circle's USDC, Paxos' USDG and Banking Circle's own euro stablecoin EURI, expanding the bank's digital asset settlement capabilities beyond its initial EURI launch in August 2024. In a Monday announcement, the bank said it serves more than 750 payment companies, financial institutions and marketplaces that move and convert over 1.5 trillion euros (roughly $1.7 trillion) annually across its infrastructure. Chief digital asset officer Kirit Bhatia said in the release that stablecoins are "a natural extension" of the bank's infrastr...
The framework targets fragmented mining systems, offering a unified, open alternative for managing infrastructure across operations. Tether has released an open-source development framework for Bitcoin mining, aimed at giving operators and developers unified control over hardware and software across mining operations. According to Monday’s announcement, the framework combines a backend SDK and user interface tools to replace fragmented, vendor-specific systems, allowing miners to monitor devices, manage operations and build custom applications across sites from a single control layer. It uses a modular architecture in which hardware exposes standardized functions and independent modules can be added without altering the core system, enabling integration across different machines, services and locations. Read more
Crypto ETPs see $1.2 billion inflows in fourth straight week as Bitcoin leads gains and blockchain equity ETFs hit record demand, CoinShares reported. Cryptocurrency investment products continued their run of inflows last week as Bitcoin traded at its highest levels since early February. Crypto exchange-traded products (ETPs) recorded $1.2 billion in inflows last week, marking their fourth week of consecutive gains, CoinShares reported Monday. The inflow streak is the largest so far this year, as the four-week total reached about $3.9 billion, surpassing the previous four-week run of $2.9 billion in March. Read more