Citi and Coinbase launched a stablecoin integration that hides all crypto elements from business users. Bitcoin ETFs recorded modest inflows while Strategy added 1,665 BTC to reach record holdings.
Citi customers can now accept stablecoin payments that convert automatically to dollars, with no crypto accounts or wallet addresses required.
https://x.com/coinbase/status/2104554110381121878
The update lets companies insert their own security rules for cross-chain transfers, five months after a rival system lost $292 million due to reliance on a single checker.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
OKXICE has notified the SEC of plans to operate nonstop tokenized trading for more than 60 U.S. equities under the Innovation Exemption, with pairs against stablecoins and access limited to verified wallets on XLayer.
The Bank of England has dropped proposed caps on individual and corporate stablecoin holdings, replacing them with a temporary £40 billion issuance ceiling per systemic stablecoin. The policy adjustment, which also relaxes reserve backing rules to bolster issuer economics, follows industry and parliamentary objections ahead of full U.K. crypto regulations in 2027.
OKX attracted investment at a $25 billion pre-money valuation from Circle, Ripple, Standard Chartered’s venture arm and Qube Research. The round builds on prior support from Intercontinental Exchange and advances the firm’s tokenized asset and platform expansion plans.
A $110 billion media merger closed Tuesday while Elon Musk regains trillionaire status and former AI researchers issue safety warnings. Investors are watching these developments as markets open higher.
The SEC advanced regulations permitting investment advisers and funds to custody crypto assets under defined conditions, establishing a regulatory path following the Clarity Act blockage last month.
