Circle shares fall 3% despite earnings beat as stablecoin issuer misses on revenue
Shares jumped 10% in pre-market trading as the stablecoin issuer revealed institutional adoption for its layer 1 blockchain Arc.
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S&P assigns top stability rating to BlackRock tokenized reserve fund
S&P Global Ratings awarded its top AAAm principal stability rating to BlackRock's tokenized money market fund, BRSRV. The vehicle acts as a reserve asset for stablecoin issuers under the GENIUS Act by investing in cash and short-term US Treasuries. Meanwhile, S&P reaffirmed its weak rating of 5 for Tether's USDT stablecoin, while USDC maintained a strong rating of 2, highlighting a growing regulatory divide between institutional tokenized reserves and offshore stablecoins.
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Coldcard hack sparks a self-custody security overhaul: Cory Klippsten
The attack exposed a five-year-old firmware flaw. The industry’s rapid response is accelerating the adoption of collaborative multisig security.