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BDACS, a South Korean digital asset custodian, is planning to launch the Korean won-backed stablecoin, KRW1, on Circle’s new blockchain. This move marks a major step in expanding Korea’s presence in global digital finance and strengthen its role in the stablecoin market.BDACS brings KRW1 to Circle’s…
Circle is well placed to become the dominant stablecoin network, according to analysts at research and brokerage firm Bernstein, reiterating their $230 price target for the company's stock — a potential 40% gain from current levels."Our Circle long-term thesis is that the most liquid, regulated stab…
By Steve GelsiCircle's stock climbs as investors shrug off a one-time quarterly loss and focus on a big jump in revenue and stablecoins in circulationCircle Internet's stock is up after it reported a wider-than-expected loss but beat analysts' revenue estimates.Circle Internet Group Inc.'s stock ros…
Today in crypto, Terraform Labs co-founder Do Kwon pleaded guilty to wire fraud and conspiracy charges. Circle unveils its layer-1 blockchain Arc and reports a 53% increase in Q2 revenue. An Ethereum developer detained in Turkey over alleged crypto mixer ties has been released.Do Kwon pleads guilty …