Circle Q2 Results: USDC Hits $73.3B as Real-World Adoption Takes Over
Growth powered by institutional adoption, Arc blockchain launch, and trust bank approval.
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Circle Stock Faces Nearly 40% Downside as Morgan Stanley Cuts Outlook on Shrinking USDC
Morgan Stanley cut Circle’s stock rating, citing falling USDC demand, weaker profits, and growing competition from other digital money options.
Circle Secures Massive Blockchain Patent Portfolio from IBM to Supercharge USDC and Arc
Circle buys nearly 1,000 blockchain patents from IBM, becoming the top U.S. holder.
Wise’s US Banking Ambitions Hit Roadblock as OCC Rejects Application
Wise shares drop after OCC rejects its US national trust bank application over compliance issues and policy changes. Firm plans new GENIUS Act bid.
Crypto Markets Rally as CLARITY Act Nears Senate Floor Vote After White House Ethics Breakthrough
Bitcoin and Coinbase surge after Bessent signals the CLARITY Act is close to passage. White House ethics agreement removes final hurdle ahead of August recess.
Visa’s New Stablecoin Platform Challenges Circle as It Powers Open USD
Clear Street maintains Buy rating on V with $403 target amid rising competition with Circle’s USDC.