Key highlights: Western Union’s upcoming Solana-based stablecoin adds to growing institutional adoption, alongside Visa and JPMorgan activity. SOL price remains under pressure, trading below key moving averages with weakening short-term demand signals. Analysts identify a disconnect between bullish fundamentals and bearish price action, raising questions about where SOL bottoms. Solana is trading near $85.45, down […]
Tag: USDC
Key highlights: USDC and the Cross-Chain Transfer Protocol (CCTP) will serve as the foundational financial stack for the Native-to-Pharos Incubation Program. The initiative is supported by a $10 million ecosystem fund and major investors including Hack VC, Lightspeed Faction, and Centrifuge. The integration focuses on enabling seamless settlement and collateral for Real-World Assets (RWAs) and […]
By Wayne Jones The bad press facing stablecoin issuer Circle, following the $280 million exploit on the Solana trading protocol Drift, has gone up a notch after a California-based legal group filed a class action lawsuit against it, alleging it stood by while North Korea-linked hackers moved millions in stolen USDC through the firm’s own […]