USDC
Needham's John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase
The vice president at the investment and asset management firm discusses whether the stablecoin could become the “de facto” U.S. central bank digital currency.
Crypto Exchange Coinbase Draws Mixed Reaction on Wall Street After Weak Q3
Trading volume was down, but the company is trying to diversify its revenue.
Coinbase CEO: USDC Could Become a ‘De Facto Central Bank Digital Currency’
Coinbase CEO Brian Armstrong predicts that USDC will likely "end up being kind of a de facto central bank digital currency in the U.S.," he said on the crypto exchange's earnings call. Needham & Co. Vice President John Todaro weighs in.
Coinbase Expects Crypto Headwinds to Continue Next Year
Crypto exchange Coinbase (COIN) cut its third-quarter losses by 50% to $545 million from $1.1 billion in the second quarter, the company reported Thursday. Needham & Co. Vice President John Todaro discusses the lingering macroeconomic and crypto headwinds. Plus, insights on Coinbase CEO Brian Armstrong’s USDC outlook.
Circle Begins Putting Reserves Into New BlackRock Fund
The assets backing Circle Internet Financial’s USDC will finish moving into an SEC-regulated money market fund early next year.
Coinbase’s Interest Income May Be Bright Spot Amid Challenging Third Quarter
Trading volumes likely remained soft again, but analysts are on the lookout for how much interest income Coinbase can earn, particularly from stablecoins.
FIS Subsidiary Worldpay to Enable USDC Settlements on Polygon
The company says it aims to run a Polygon validator node soon.
Stablecoins: A New Key to Success in the Current Crypto Market
Speculation leads to innovation, but in a volatile bear market traders need stability.
Crypto Custody Firm Fireblocks Furthers Push Into Payments With Tools Suite
The new “payment engine” will allow merchants to quickly access funds from customer sales through instant fiat-to-stablecoin conversion.
Coinbase to Significantly Benefit From $1.6B Transfer of MakerDAO's USDC, Analyst Says
A proposal to move the stablecoin assets was made by Coinbase in September and is nearing a final deadline.
