American multinational investment bank Citigroup announced plans to potentially issue its stablecoin, as CEO Jane Fraser revealed during a post-earnings conference call. As first reported by Reuters, Fraser emphasized the bank’s focus on both the stablecoin initiative and the growing tokenized deposit sector, stating, “This is a good opportunity for us.” As the third-largest lender…
View More Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters
Shares of Circle Internet Group, the issuer of the market’s second-largest stablecoin, USDC, experienced a remarkable surge on Thursday, skyrocketing 168% as the company made its debut on the New York Stock Exchange (NYSE). Circle’s IPO Exceeds Expectations Circle’s stock opened at $69, well above its IPO pricing of $31. Throughout the day, the shares…
View More Circle Soars 168% In First Day Of Trading On NYSE Following Strong IPO
According to recent reports, President Donald Trump’s crypto venture, the decentralized finance (DeFi) platform World Liberty Financial (WLFI), has unveiled a new stablecoin called USD1. This token, pegged to the US dollar, is now live on the Ethereum (ETH) and Binance blockchains, although the launch was not officially announced by the company on Monday March…
View More World Liberty Financial Unveils USD1: A New Stablecoin In Trump’s Growing Crypto Portfolio