Galaxy targets institutional stablecoin yield with new DeFi vaults
Summary Galaxy launched institutional vaults on Morpho, with distribution through Fireblocks Earn, allowing institutions to
Open USD poses biggest threat yet to Circle’s USDC, CoinShares says
Summary CoinShares stated Open USD directly challenges Circle by giving partners income generated by reserves
Stripe mounts blockbuster $53 billion bid to buy PayPal
Summary Stripe offered to buy PayPal in a $53 billion deal alongside private equity firm
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
Summary Mizuho downgraded Circle to underperform from neutral and cut its price target to $50
JPMorgan says Hyperliquid’s rise threatens Circle’s USDC economics
Summary JPMorgan said a new arrangement with Hyperliquid is a near-term revenue headwind for Circle
Japan’s biggest card network taps Circle to bring stablecoins to 40 million merchants
Summary JCB, Japan’s largest card network, has signed an agreement with Circle to explore using
Mizuho says Circle bank approval doesn’t solve USDC growth, stablecoin competition risks
Summary Mizuho said Circle’s final OCC approval for a national trust bank is a positive
Bolivia weighs adding Tether’s USDT to its national payments system
Summary Bolivia is evaluating a framework to integrate USDT into its national payments system as
SBI Holdings’ blockchain initiative pivots to Solana for tokenization, stablecoin issuance
Summary SBI Holdings’ blockchain initiative is turning to Solana for its stablecoin and RWA tokenization
Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
Summary The stablecoin market has shrunk by roughly $10 billion since its May peak, including
