Tag: Stablecoin

Gyroscope, which stylises itself as the ‘All Weather Stablecoin’ has raised $4.5m in its seed funding round, which was co-led by Placeholder VC and Galaxy.

Thalex, which offers stablecoin-settled crypto options and future, has closed its Series A on €7.5m.

Isle of Man-based FinTech company blackfridge has secured its pre-Series A as it launches the first British-regulated stablecoin.

Circle Internet Financial, the issuer of the USD Coin dollar-pegged stablecoin, is set to introduce a new stablecoin backed by the single European currency.

The Australia and New Zealand Banking Group will launch the first bank-issued stablecoin payment from Australia through a public permissionless blockchain transaction.

A recent report has called on the US Congress to regulate the issuers of stablecoins and has urged agencies to assess whether the coins pose a systemic risk.

A Bank of England (BofE) paper has highlighted that stablecoins used as money should be expected to face the same regulatory standards as those attached to bank deposits.

US cryptocurrency company Circle has raked in $440m from a funding round.

Circle, which is a software company helping businesses to use stablecoins and public blockchains, has raised $25m in a strategic investment from Digital Currency Group.

US-based Stably, a developer of asset-backed stablecoins, has allegedly scored $1.2m in its Series A investment.