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Coinbase Acquires Stake in Stablecoin Operator Circle Coinbase Global Inc. said that it has acquired a stake in Circle Internet Financial Inc., the issuer of the USD Coin stablecoin. The investment is part of a broader effort by Coinbase to expand its involvement in the stablecoin ecosystem. Circle is a financial technology company that provides payment and financial infrastructure solutions. It is the issuer of USD Coin, a stablecoin that is pegged to the US dollar. USD Coin is one of the most popular stablecoins in the world, with a market capitalization of over $50 billion. The investment by Coinbase is a sign of the growing importance of stablecoins in the cryptocurrency industry. Stablecoins are designed to be less volatile than cryptocurrencies like Bitcoin and Ethereum. This makes them attractive to investors who are looking for a more stable way to store their value. Coinbase is the largest cryptocurrency exchange in the United States. The company has been expanding its offerings in recent months, including launching a new NFT marketplace and a lending platform. The investment in Circle is part of this broader expansion. "We are excited to invest in Circle and support their mission to build the infrastructure for a more inclusive financial system," said Emilie Choi, chief operating officer of Coinbase . "Circle is a leading provider of stablecoin infrastructure, and we believe their products and services will be essential to the future of the cryptoeconomy." Jeremy Allaire, CEO of Circle , said that the investment by Coinbase is a "validation of the work we have done to build the leading infrastructure for the stablecoin ecosystem." He added that the investment will help Circle to "continue to grow and scale our business." The investment by Coinbase is a significant development in the stablecoin ecosystem. It shows that major cryptocurrency companies are taking stablecoins seriously and are committed to investing in their future. #crypto #cryptocurrency #cryptocommunity #blockchaindevelopment #stablecoin #stablecoins #acquisitions #usd #nft #nftnews #nftcommunity #web3community

PayPal's stablecoin, PYUSD, is now available on Venmo, marking another step in PayPal's cryptocurrency expansion. This move provides Venmo's user base with access to a digital currency pegged to the US dollar, offering stability amid the volatile crypto market. The integration also allows users to send and receive PYUSD across both platforms seamlessly, further promoting the use of cryptocurrencies in everyday transactions. #PayPal #PYUSD #Venmo #Cryptocurrency #Stablecoin #DigitalCurrency https://lnkd.in/dheUiSH4

Coinbase intends to secure $1 billion via senior convertible notes to generate funds for debt repayment and unspecified corporate needs. The senior convertible notes, characterized as a debt instrument that holds the potential for later conversion into equity, will be exclusively offered to eligible institutional buyers. Read the full story on the CryptoWeekly website using our link below. #crypto #coinbase #cryptoexchange #cryptocurrency #debt #investment #equity #bitcoin #bank #notes

Discover XRP, the digital currency of the Ripple network, designed for swift, affordable global transactions. Dive deep into Ripple's purpose, BitPay's integration, and the broader implications of cryptocurrency investments. https://lnkd.in/eXxKJd4s #BitPay #cryptocurrency #crypto #bitcoin #DigitalAsset #ApeCoin #APE #bitpaystock #Ripple #XRP #XRPCommunity #XRPArmy #fintech #ripplexrp #bitcoin #btc #crypto #ripplestock #markets #privateequity #VentureCapital #vc #PreIPO #IPO #investing #familyoffice #wealthmanagement #venture #privatemarkets #shareprice #valuations #growth #secondaries #secondarymarket #liquidity#savings #savingforretirement #compounding #startups #stockmarkets #capitalmarkets #businessopportunity

Robinhood Embraces Bitcoin And Dogecoin For Its Wallet As It Set Sights Outside Ethereum’s EcosystemRobinhood Wallet has announced support for new virtual currencies nearly six months after its initial launch, offering users with a range of options. In an Aug. 30 blog post, Robinhood confirmed support for Bitcoin (BTC) and Dogecoin (DOGE) for all classes of users. Going forward, users of the self-custody wallet can hold and send BTC and DOGE, with the firm hinting at support for more assets. Apart from Bitcoin and Dogecoin, Robinhood users can interact with various networks, including Optimism, Polygon, Ethereum, and Arbitrum. Furthermore, Robinhood Wallet unveiled in-app Ethereum swaps for 200+ assets, open to only a select class... https://lnkd.in/gfE4q3SW #Bitcoin #Dogecoin #ecosystem #Embraces #Ethereums #Robinhood #set #Sights #Wallet

Voyager Digital Moves Billions of SHIB to Coinbase, Signs of Selloff? Bankrupt crypto lender Voyager Digital has moved 1,500 Ethereum (ETH) worth approximately $2.77 million and another 250 billion Shiba Inu (SHIB) equivalent to $2.7 million to Coinbase Exchange. Speculation of a Potential Selloff According to on-chain data first shared by Independent Journalist Colin Wu, the essence of these transfers has sparked speculation in the broader ecosystem. One of these speculations is a potential selloff as the latest bouts of transfers leaves the embattled crypto lender with only $81.63 million worth of crypto in its wallets. Read more: https://lnkd.in/dD9AJE8b

What is PYUSD Stablecoin? PayPal's launch of its own Crypto Payment System! #pyusd is a cryptocurrency backed by US dollar deposits, treasuries, and cash equivalents. The value of this stablecoin is designed to remain steady over time relative to a reference asset, such as the US dollar. You can purchase or sell 1 PYUSD through PayPal for 1 USD. Features of PYUSD: - Reserve-backed - Easy to buy, sell, hold, and transfer - Check out crypto at stores - Convert into other supported cryptocurrencies Read more details on our blog: https://lnkd.in/dRsbU-xj #paypal #cryptopayments #stablecoins #paytech Alex Chriss Alexsandra Villegas Ambia Archie Deskus

In a significant move for the cryptocurrency world, Coinbase Global Inc. and payment processing giant Stripe have announced a strategic alliance aimed at revolutionizing cryptocurrency payment solutions. This partnership represents a crucial step forward in making digital currency transactions more accessible and efficient for users worldwide. As part of this collaboration, Stripe will incorporate Coinbase’s Layer 2 network, Base, into its cryptocurrency payout products, according to a press release on Thursday. This integration will enable Stripe users to utilize the stablecoin USD Coin (USDC) via Base, allowing for faster and more efficient cross-border transactions to over 150 countries. This development is set to significantly enhance the speed and convenience of international payments, providing a seamless experience for users. Simultaneously, Coinbase will integrate Stripe as a payment method, allowing customers to buy cryptocurrencies using credit cards or Apple Pay within the Coinbase Wallet. This integration will make it easier for users to convert their fiat money to cryptocurrency, streamlining the process of entering the digital asset market. By leveraging Stripe's extensive payment network, Coinbase aims to attract more users to its platform and promote the adoption of cryptocurrencies. The partnership between Coinbase and Stripe highlights the growing importance of stablecoins in the digital economy. Stablecoins like USDC provide a reliable medium for transactions, minimizing the volatility typically associated with cryptocurrencies. By facilitating stablecoin transactions, this alliance addresses a critical need for stability and predictability in the crypto market, encouraging more users to participate. Read our other insightful economic news: https://lnkd.in/exQ-kXwE #FPG #Fortuneprimeglobal #commodity #equity #technicalanalysis #technology #news #investors #intraday #investing

#Binance integrates USDT on TON, enhancing usability and expanding transaction volume. USDT's $54B volume underscores its financial impact, with Toncoin poised for consolidation. https://lnkd.in/dideg94E #Binance #USDT #Toncoin #TON #Tether #cryptonews

PayPal PYUSD Stablecoin Could Breed Competition and Force Regulators to Act From BlackRock-level excitement to a total “nothingburger,” reactions to PayPal's stablecoin are mixed—but it's got the whole industry talking. #stablecoins #stablecoin #usa #crypto #cryptocurrency #cryptoassets #paypal