This a good moment to highlight that Stacks is a leader in driving institutional adoption for Bitcoin L2s.
Grayscale's Stacks Trust launched and SEC dropped its investigation earlier this year. Together with institutional powerhouses like BitGo, Figment, and others as Signers.
The Stacks ecosystem is casually announcing a significant launch, partnership, or event every day for 21 days in a row to celebrate the Nakamoto Release.
All you need to do is pay attention.
The most vibrant and active Bitcoin L2 ecosystem out there 🧡
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is excited to announce that Toncoin (TON) has been added to Binance Simple Earn, "Buy Crypto", and Binance Convert. In addition, Binance will add TON on Binance Margin and Binance Auto-Invest at 2024-08-08 12:00 (UTC) and 2024-08-12 10:00 (UTC) respectively. Earn Users can now subscribe to TON Flexible Products on Binance Simple Earn. From 2024-08-12 at 10:00 (UTC), users may purchase TON using any of the payment options supported on Binance Auto-Invest. Buy & Sell Crypto Users may now buy TON directly with their credit/debit cards, Google Pay, Apple Pay, or buy and sell TON directly with their available wallet balances at the “Buy Crypto” page. Convert Users can now trade TON against BTC, USDT, and any other tokens supported by Binance Convert at zero fees. Margin Binance Margin will add TON as a new borrowable asset on Cross and Isolated Margin, as well as the TON/USDT pair on Cross and Isolated Margin at 2024-08-08 12:00 (UTC). Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates. Guides & Related Materials: How to Buy Crypto with Credit/Debit CardHow to Use Binance ConvertHow to Use Short (Buy/Sell) on Margin TradingHow to Use Long (Buy/Sell) on Margin Trading What Is Auto-Invest and How to Use It Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-08-08
Join us tomorrow for a conversation with Stacks Creator @muneeb and Stacks Investor Lead @kyleellicott, together with special guests @CharlieHusats & @hiroto_btc.
Set a reminder 👇 https://x.com/i/spaces/1nAKEpmmLvnxL
Circle Wins Europe’s First Stablecoin License Via MiCA
Circle has authorization to market its USDC stablecoin services across Europe under the bloc’s MiCA laws.
Stablecoin issuer Circle is the first stablecoin company to achieve compliance with the European Union’s (EU) Markets in Crypto Asset (MiCA) policies designed to oversee digital asset business operations. Having obtained an Electronic Money Institution (EMI) license from French regulators, CEO Jeremy Allaire said Circle Mint France will manage EURC and USDC issuance for European users.
BREAKING NEWS: @Circle announces that USDC and EURC are now available under new EU stablecoin laws; Circle is the first global stablecoin issuer to be compliant with MiCA. Circle is now natively issuing both USDC and EURC to European customers effective July 1st.Details… pic.twitter.com/isNBumoi3e
— Jeremy Allaire – jda.eth (@jerallaire) July 1, 2024
Stablecoins offer an avenue to trade in and out of cryptocurrencies without suffering from the volatility associated with most digital assets, such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Assets like Tether’s USDT and USDC are pegged to a sovereign currency, like the U.S. dollar or the euro.
The development dispelled previous uncertainty surrounding stablecoins in the EU, as MiCA promised to install strict rules on how these assets may be used. For instance, under the bloc’s framework, firms have a daily issuance limit of $215 million in transaction value.
You might also like: Circle CEO Jeremy Allaire says he’s ‘insanely bullish’ on crypto
Is Circle positioned to upend Tether?
Circle’s EMI license and MiCA compliance could prove strategic in claiming European market change and even challenging crypto’s largest stablecoin issuer, Tether.
Speculation circulated about Tether’s European future after some platforms, like Bitstamp, delisted the firm’s euro-denominated offering, Tether EURT. Uphold also shuttered support for USDT and several other dollar-pegged stabelcoins.
With a vacuum emerging and Circle claiming the first MiCA stablecoin license, Allaire and his company could flip Tether and USDT as the dominant stablecoin in multiple jurisdictions. The USDC issuer plans to redomicile its legal base from Ireland to the U.S. before an initial public offering (IPO). Looming U.S. stablecoin regulations might further solidify the company as a global stablecoin powerhouse.
Still, USDC has an uphill road before catching up to Tether in market cap. USDT holds the number one spot with $113 billion to USDC’s $32 billion. At press time, USDC is below its June 2022 peak of around $55 billion.
Nakamoto has begun rolling out 🧡 At Bitcoin block 840,360, the first fork kicked off the two-step rollout process that will bring us Nakamoto! This means there's only one more step left before fast blocks, Bitcoin finality, and more are available to all! Read more 🧵 1/6
2/6 Today’s Instantiation step is highlighted by the new pox-4 contract. Over the next month, signers will come online and 'practice' signing blocks before the network depends on them to do it for real at 'Activation'. Mainnet Activation is expected between May 15-29.
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