Tag: USD

spot_img

Strategy raises $2 billion through MSTR sales and creates new USD Cash pool

The company sold 18.26 million MSTR shares, increased its USD Reserve to $5.1 billion and repurchased another $136.4 million of STRC.

Why Visa, Mastercard and Coinbase aren’t abandoning USDC stablecoin for Open USD

Recent earnings calls from Open USD's highest-profile backers, however, paint a more nuanced picture. Executives at Coinbase, Visa and Mastercard all said they intend...

Visa backs Open USD with new stablecoin platform as Circle (CRCL) faces fresh competition

Visa introduced a new platform aimed at making it easier for banks, fintech companies and crypto firms to build products using stablecoins, expanding its...

Open USD poses new threat to Circle by challenging USDC’s core business model, CoinShares says

USDC's circulating supply has fallen to about $73 billion from nearly $80 billion in March, trimming its share of the roughly $312 billion stablecoin...

Mizuho turns bearish on stablecoin issuer Circle, citing Open USD competition

Japanese investment bank Mizuho downgraded Circle (CRCL) to underperform from neutral and slashed its price target to $50 from $85, arguing that OpenUSD's business...

Strategy pauses bitcoin purchases as USD reserve reaches $3 billion

Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired just 520 BTC for approximately $35 million. Since then, the company...

Strong in USD, lagging in yen

Early today, traders received Japan’s producer price index for June, which came in at 7.1%, the fastest annual increase since March 2023. The spike...

Jefferies wouldn’t buy the dip as Open USD heats up stablecoin race

"Large groups of large companies coordinate poorly, have misaligned incentives, slow things down and rarely create the space for real durable innovation," he wrote.Test...

Open Standard Unveils Open USD, a Bank- and Tech-Backed Stablecoin Governed by Its Users

A consortium of more than 140 financial and technology companies introduced Open USD, a dollar stablecoin whose reserve earnings and governance are designed to...

Circle (CRCL) Drops 15% After Open USD Stablecoin Launch

A coalition of more than 140 companies — among them Visa, Stripe, Mastercard, BlackRock, and Coinbase — announced today the formation of...

Circle (CRCL) selloff may be ‘overreaction’ but Open USD faces adoption test

Still, he argued that the Circle's 16% selloff on Tuesday went too far."I think it is an overreaction," he told CoinDesk.He pointed to Paxos'...

USDT Now Live on Solana, Plasma, and Ethereum With 1:1 USD Onramps and Offramps: Privy and Ramp

Ramp expands stablecoin access by launching USDT across Solana, Plasma, and Ethereum with seamless 1:1 USD conversion for global money movement.Ramp has launched USDT...