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A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors' stablecoin preferences; cryptos tick higher in Tuesday trading. Original Source
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Prominent trading firm Jane Street has made its first stride into decentralized finance (DeFi), borrowing $25 million in USDC from BlockTower Capital via DeFi marketplace Clearpool, with plans to eventually increase that amount to $50 million, Clearpool confirmed in a press release Tuesday. Bloomberg first reported on the news. Source
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On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin. Payments will occur
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Twitter will be the first company to test this option by paying earnings via crypto to content creators who use its monetization products. Original Source
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One of the best performer assets in the crypto top 10 by market cap, Cardano (ADA) keeps strengthening its ecosystem. As the network prepares for its next major Hard Fork Combinator (HFC) event, called Vasil, its DeFi sector could add some of the most popular assets in the space. Related Reading
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BlackRock and Fidelity headlined the stablecoin issuer's latest funding round, which follows a $440 million raise from last May. Source
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Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD Coin (USDC), announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer. Source
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The deal with FIS Worldpay is meant to free firms from the “fiat-only ecosystem.” Source
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Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion. BNY Mellon to Become USDC’s Primary Custodian Circle has chosen America’s oldest investment bank
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“Most auditors and attestors do not use the word ‘correct,’ and it would only be used where a precise measurement is available,” said Michael Shaub, an accounting professor at Texas A&M University’s Mays Business School. “I assume crypto is an example of where precise measurement is possible. I am just
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