Tether’s new stablecoin, USAT, could pose the first serious challenge to Circle’s (CRCL) USDC in the U.S. market, analysts say — if it can win over institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at… Read More
The Commodity Futures Trading Commission (CFTC) on Monday launched a pilot program allowing select digital assets — bitcoin BTC$91,022.50, ether ETH$3,134.39 and USD Coin (USDC) or other payment stablecoins — to be used as collateral in U.S. derivatives markets. The program, announced by Acting Chairman… Read More
Investment bank William Blair reiterated its outperform rating on Circle (CRCL) shares after the stablecoin issuer’s third-quarter results topped both the bank’s and Wall Street estimates. The share were 3.9% lower in pre-market trading Wednesday, around $94.50. Analyst Andrew Jeffrey continues to see USDC as… Read More
