• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Circle Expands Influence in Tokenized Asset Sector with Hashnote Acquisition

user avatar

by Giorgi Kostiuk

2 months ago


Crypto giants Circle and Coinbase are taking new steps to change the regulation and use of digital assets. Significant events include Circle's acquisition of Hashnote and Coinbase CEO's predictions on tightening US stablecoin regulations.

Coinbase CEO's Predictions on Stablecoin Regulations

Coinbase CEO Brian Armstrong predicts a tightening of stablecoin regulation in the US. Armstrong believes issuers will be required to fully back their stablecoins with US Treasury bills. Such change might pose challenges for offshore providers operating in the US market. These changes will enhance transparency and security in the sector, strengthening trust among users and regulators.

Hashnote Acquisition: Circle's Role in Tokenized Asset Market

Circle expands its influence in the field of tokenized assets by acquiring Hashnote, issuer of the US Yield Coin (USYC) tokenized fund. This strategic acquisition enables Circle to increase its presence in the rapidly growing market for tokenized money funds and real-world assets.

The Potential and Risks of T-Bill Tokenization

The tokenization of US Treasury bills and other real-world assets could transform the financial market. Circle collaborates with large institutional players to streamline asset management. However, as this market grows, there is an increasing need for reliable regulatory oversight.

Circle's and Coinbase's active measures demonstrate an aspiration to adapt to the growing regulation and expand their role in mainstream financial systems. These steps may have a long-term impact on the entire crypto and stablecoin market.

0

Share

Other news

Crypto Industry Trends: Examining Arctic Pablo Coin, Cheems, and Book of Meme

Overview of the latest cryptocurrency developments: Arctic Pablo Coin, Cheems, and Book of Meme.

user avatarGiorgi Kostiuk

a few seconds ago

Ripple Introduces RLUSD to Enhance Global Payments

Ripple Labs integrates RLUSD to simplify cross-border payments and increase liquidity.

user avatarGiorgi Kostiuk

a few seconds ago

Cryptocurrencies Worth Watching: Qubetics, HNT, and AAVE

An overview of Qubetics, HNT, and AAVE: innovations and prospects through 2025.

user avatarGiorgi Kostiuk

a few seconds ago

Galaxy Digital Expands Derivatives Trading Capabilities After FCA Approval

Galaxy Digital has received FCA approval for derivatives trading, expanding financial services in the UK.

user avatarGiorgi Kostiuk

a minute ago

Ripple Labs Launches RLUSD to Enhance International Transactions

Ripple Labs has integrated RLUSD into the Ripple Payments platform to simplify international transactions and expand the stablecoin's institutional use.

user avatarGiorgi Kostiuk

10 minutes ago

BlockDAG Aims for 15,000 TPS as Ethereum and ETC Decline

BlockDAG tests 15K TPS on beta testnet, while Ethereum and ETC struggle for stability.

user avatarGiorgi Kostiuk

11 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.