Crypto Biz: Coinbase-Circle realignment, Binance fiat hurdles and USDC on Shopify
This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify’s take on USDC and China’s blockchain data exchange.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify’s take on USDC and China’s blockchain data exchange.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Why Binance’s reported $2B Mesh investment could decide who controls stablecoin payments
Binance's reported move to lead a new Mesh funding round puts a strategic price on the payment routes stablecoins need to leave ex...
Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide
Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stableco...
Binance outflows triple to $1.2B as ETH withdrawals hit 3-year high
Binance recorded $1.23 billion in weekly net outflows, up 207% from the previous week, as Ethereum withdrawals surged to a three-y...
Standard Chartered Unlocks Institutional USDC Access in DIFC, Marking a Banking Industry First
Key Takeaways: Standard Chartered institutionalised the minting and redemption of its odd units of USDC with Circle. When a client...
Crypto News, July 2: Circle USDC Hit by Blackrock and Ripple XRP Backed OUSD, Bitcoin and Ethereum Price Recovering
Market do what market does, crypto is looking slightly better after taking a few beatings last month. Price is grinding higher des...
Coinbase helped build USDC – Why is it now backing the stablecoin trying to replace it, Open USD?
The stablecoin market has long rewarded the companies that issue digital dollars. They take in customer cash, hold reserves in sho...