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Payments giant Stripe is pushing crypto closer to mainstream business by letting US companies accept stablecoin subscriptions in USDC on Base and Polygon wallets, settled automatically in fiat. The feature is aimed at the 30% of Stripe clients that rely on subscriptions and recurring revenue, letting customers pay with crypto while businesses manage both fiat and crypto in one dashboard, the company said in an Oct. 14 blog post . Stripe said the stablecoin service, initially available only in private preview, makes it faster, cheaper, and more reliable for startups to receive payments from international customers. The move could accelerate everyday crypto adoption while pressuring traditional payment processors. “Stablecoins have served as a critical tool for the rapid global expansion of some of the fastest-growing companies today,” Stripe said. USDC is currently the second-largest stablecoin with a market capitalization of $76.26 billion, according to CoinMarketCap . ...

Circle Internet Financial, the issuer of USD Coin (USDC), has filed for an initial public offering (IPO) amid analyst concerns over the company’s profitability. The firm  submitted an S-1 form to the Securities and Exchange Commission (SEC) yesterday, which, if approved, will see the company’s stock trade on the New York Stock Exchange under the symbol “CRCL.” Not USDC Issuer’s First Attempt To Go Public Circle , the issuer of the second-largest stablecoin by market capitalization,  has been trying to go public since 2021. Its first attempt was a SPAC merger, which failed because the company did not complete the SEC’s “qualification in time,” said CEO Jeremy Allaire. Reports at the time suggested that the SEC simply chose to not sign off on Circle’s plans, but the company denies these claims. Circle then tried a different approach for its second attempt, filing a draft registration for an initial public offering wit...

Cryptocurrencies experienced massive losses this week as the “September Effect” started playing out in finance markets. According to renowned cryptocurrency analysts, this recent crash could have been the last shake-out before the 2024 crypto bull run. In this context, Finbold turned to market data to identify good projects with solid growth potential for the last quarter. For that, we looked into leading cryptocurrencies that could reach the $100 billion capitalization mark in Q4 2024. Essentially, the market cap is one of the most used benchmarks and value indicators by cryptocurrency investors. This is because digital assets can have very different economics and supply dynamics, requiring a common ground for fundamental analyses. Picks for you Brace yourself: Bitcoin could crash to $31,000 soon 3 ...

This could be great news for Circle as well since the USDC issuer was losing market share over the last year. In a blog post on Monday, August 21, Circle stated that its combined revenue with Coinase from the USDC coin “will continue to be shared based on the amount of USDC held on each of our platforms, and additionally we will now equally share in interest income generated from the broader distribution and usage of USDC ”. advertisement The news comes at a time when the regulatory developments around stablecoins are picking up. Last month, a key member of the US House of Representatives panel advanced a bill in order to regulate stablecoins. Both companies, Coinbase and Circle were co-founders of the Centre Consortium that governs the USD Coin stablecoin. In its blog post announcement, Coinbase said that they would be dissolving Centre. Coinbase stated that the Centre organization will no longer operate independently, and Circle will now take ov...