Circle’s Arc blockchain network to launch with day one access for institutions via Fireblocks
Fireblocks will support Circle’s Arc from launch, enhancing early institutional involvement in stablecoin finance.
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
The program targeted activities that regulators deemed novel and potentially risky to financial stability.
HKMA and SFC urged investors to exercise caution amid speculative stablecoin-linked claims in a joint statement issued Aug. 14.
Kyrgyzstan-based firms under scrutiny for facilitating Russian sanctions breaches via stablecoins.
Coinbase and crypto stakeholders reject US banks' alarms over stablecoins, citing competitive motivations.
A Coinbase spokesperson explained that the timing reflects current market conditions and growth opportunities.
Despite boasting 10,000 TPS capability, Arc faces criticism for its consortium chain model and potential lack of decentralization.