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Nine European banks, including ING and UniCredit, plan to launch a euro stablecoin in a move that may challenge the dominance of Tether and Circle. The new stablecoin will comply with the EU’s Markets in Crypto-Assets Regulation (MiCAR), which came into effect in June last year and has encouraged traditional banks to enter a space dominated by crypto companies. The banks behind the venture also include Banca Sella, KBC, Danske Bank, DekaBank, SEB, CaixaBank, and Raiffeisen Bank International. BREAKING: 🇪🇺 NINE MAJOR EUROPEAN BANKS TO LAUNCH A MICA COMPLIANT EURO STABLECOIN. pic.twitter.com/OjvolddNNo — Ash Crypto (@Ashcryptoreal) September 25, 2025 They aim to seek an electronic money institution licence from the Dutch central bank and invite other banks to participate. Launch is expected in the second half of 2026, giving it a head start over the European Central Bank’s plan for a “digital euro,” which is not expected until at least...

Fifty-billion-dollar stablecoin firm Circle Internet Group has accused a circle-themed memecoin of “brand infringement,” leading to a modification of its ticker on Solscan. That’s according to an investor and member of the “Just A Circle ($CRCL)” memecoin community who told Protos, “Is it really necessary for [Circle] to be asserting infringement on a shape, or a stock ticker?” The token’s ticker on Solscan was changed from CRCL to SPL Token at some point in June. According to the investor, Solscan claimed, “We have received reports that this token uses copyrighted or trademarked material without authorization and is not associated with its rightful owner. Please proceed with caution.” Solscan then confirmed on July 7 that the change was made following an allegation of “brand infringement” from Circle. Hey @circle @solscanofficial , It seems there is a bit of confusion, we are literally just a circle. We urge you to review your false claims and ...

Circle announced this week that USDC became the first stablecoin to gain compliance with new Canadian digital asset regulations. Canada’s new regulations call for delisting noncompliant stablecoins after December 31st. Circle’s compliance means USDC, which aims to maintain a 1:1 peg with the US dollar, can trade on crypto exchanges in the Canadian market, according to a new press release. Dante Disparte, chief strategy officer and head of global policy at Circle, says the new development underscores the stablecoin issuer’s regulatory efforts. “The Canadian Securities Administrators’ proactive approach in providing a digital asset regulatory framework reinforces the integrity of digital asset markets, while ensuring continued reliance on USDC across Canada’s burgeoning ecosystem.” The announcement comes as Circle launched a new wave of layoffs, Bloomberg reports. A company spokesperson tells the news outlet the downsizing was routine...

Fintech companies across Latin America are embracing digital finance solutions, driven by the increasing adoption of crypto and blockchain, Circle says. According to Circle‘s latest report titled “Latin America Embraces Digital Finance and the Next Internet Era,” fintech companies in Latin America (LatAm) are increasingly utilizing digital payments as global stablecoin settlement exceeded $7 trillion compared to $14 trillion settled at Visa and Mastercard in 2022. According to @Mastercard, 51% of Latin American consumers have made a purchase with digital currency and one-third have used a stablecoin for everyday purchases. See how Latin America has embraced digital finance and the next internet era. https://t.co/hGYSqj3okI — Circle (@circle) December 11, 2023 You might also like: Circle denies allegations of illicit financial activities The U.S.-headquartered company predicts that in the coming years “millions of businesses and billions of...