Latest news with #USDC
Yahoo
3 hours ago
- Business
- Yahoo
Crypto Prediction Market Polymarket Weighs Launching Its Own Stablecoin: Source
Polymarket, the cryptocurrency-powered prediction market that recently attained a billion dollar valuation, is deciding whether to introduce its own customized stablecoin, or accept a revenue sharing deal with Circle based on the amount of USDC held on the platform, according to a person familiar with the plans. Polymarket's motivation to create its own stablecoin is simply to own the yield-generating reserves that back the large amount of Circle's USDC dollar-pegged token used to make bets on the popular betting platform, the person said. A Polymarket representative said no decision has yet been made on the stablecoin question. Legislation around stablecoins passed in the U.S. last week makes issuing a stablecoin all the more attractive a business proposition for both crypto native firms and more traditional finance players alike who may be eyeing the success of stablecoin-issuing giants Tether and Circle. That said, launching a stablecoin is a complex lift for many firms, and USDC issuer Circle is known to be cutting revenue sharing deals with exchanges, payment firms and other fintechs in order to stay competitive in the rapidly evolving space. For Polymarket, issuing its own stablecoin is a much easier lift from a regulatory standpoint, according to the source. "Polymarket is locking a lot of stablecoin value in their betting pools and so they want some kind of mechanism to get the yield,' the person said. 'In the case of Polymarket, it's a closed ecosystem and all they really need to do is to be able to exchange USDC or USDT into whatever their custom stablecoin is. They don't have to worry about the last mile on ramp and off ramp. That's a very simple thing to build, and easy to secure and control.' Spokespeople for Circle did not immediately return a request for comment. The amount of USDC on Polymarket fluctuates with betting activity on the platform, but some $8 billion of bets were placed during last year's U.S. election cycle, and the website attracted some 15.9 million visits in May, according to SimilarWeb. The company is looking to formally reenter the U.S. with the acquisition of U.S.-based QCEX, following the closure of civil and criminal investigations into its allowing U.S.-based customers to place bets on its platform. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
BitGo Files to Go Public as Crypto Market Surges Past $4 Trillion
Crypto custody firm BitGo said it confidentially filed for an initial public offering in the U.S. The move comes as the digital asset market crossed a record high $4 trillion in total value last week. The filing, submitted just days after the market cap milestone, positions the Palo Alto, California-based company to join a growing list of digital asset firms heading to public markets. The demand is clear: Investors have been piling into crypto-related stocks in recent months, looking to capitalize on the sector's renewed momentum. Founded in 2013, BitGo secures digital assets for institutional clients including exchanges, banks and investment firms. It's widely regarded as one of the largest crypto custodians in the U.S. While not as visible to everyday investors as trading platforms, BitGo's role as a behind-the-scenes vault has grown more critical as financial institutions become more active in the industry. This year's rally in crypto asset prices — and progress toward regulatory frameworks in Washington — has spurred a wave of IPO activity. Stablecoin issuer Circle (CRCL) and trading platform eToro (ETOR) both went public recently and saw significant stock price appreciation. Circle's shares have soared more than 630% since their listing, fueled by institutional adoption of its USDC stablecoin. Other firms are rushing to follow. Last week, crypto asset manager Grayscale said it had filed for an IPO. Crypto exchange Gemini made a similar move. Bullish exchange, a sister company to CoinDesk, on Friday announced plans to go public in the U.S. The companies are betting that Wall Street's appetite for digital assets will continue even after the initial excitement fades. BitGo's potential listing would give investors another pure-play crypto stock at a time when exposure to the industry has become a popular allocation. For now, no timeline or valuation has been announced. The company raised $100 million in August 2023 at a $1.75 billion in to access your portfolio
Business Upturn
7 hours ago
- Business
- Business Upturn
BitMart Launches Crypto Loans: Unlock Liquidity and Earn While You Borrow
By GlobeNewswire Published on July 22, 2025, 22:10 IST Mahe, Seychelles, July 22, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, announced the launch of BitMart Crypto Loans service, the lending product that allows users to stake their digital assets as collateral, borrow instantly, and continue earning interest — all without selling their holdings. As the digital asset market evolves rapidly, users are increasingly seeking flexible and efficient ways to manage their assets. In the current market environment, liquidity has become a major challenge for crypto asset holders. Traditional solutions often require selling assets to unlock funds — but this also means giving up the potential for future appreciation, particularly for long-term holders of major assets like BTC, ETH, or the platform token BMX. For these users, selling their holdings could mean missing out on future opportunities. Therefore, the market urgently needs a solution that provides liquidity without liquidating assets. Key Highlights of BitMart Crypto Loans Flexible Loans Without Selling Assets — Users can pledge their digital assets as collateral to borrow loans without having to sell. This is especially attractive to long-term holders. Users can pledge their digital assets as collateral to borrow loans without having to sell. This is especially attractive to long-term holders. Earn Interest on Collateralized Assets — Users can continue earning yields on your pledged assets via BitMart Earn. — Users can continue earning yields on your pledged assets via BitMart Earn. Flexible Repayment — No fixed terms or late fees; repay anytime at your convenience. — No fixed terms or late fees; repay anytime at your convenience. Multi-Asset Support — Borrow and pledge in USDT, USDC, BTC, ETH, BMX, and more. — Borrow and pledge in USDT, USDC, BTC, ETH, BMX, and more. Transparent, Low Costs — Competitive hourly interest rates that adjust with the market. BMX, BitMart's native token, plays a pivotal role in this ecosystem. It can be used both as collateral and as a borrowed asset, further enhancing liquidity and utility. BMX holders also enjoy additional perks, including trading fee discounts, VIP benefits, and participation in BitMart's growth through airdrops and rewards — creating a vibrant, user-driven ecosystem. Launch Benefits: Interest Rebates and USDC Rewards To celebrate the launch, BitMart is offering exclusive promotions: Interest Subsidy — New users receive a 50% rebate on interest paid; VIP users enjoy a full 100% rebate, achieving 'zero-interest' borrowing. — New users receive a 50% rebate on interest paid; VIP users enjoy a full 100% rebate, achieving 'zero-interest' borrowing. Leaderboard Rewards — The top 50 borrowers by total loan amount will share in generous USDC prizes, with first place taking home 1,000 USDC. Details: As the digital asset market matures and evolves, traditional asset management models can no longer meet modern users' demands for flexibility, efficiency, and diversification. The launch of BitMart Crypto Loans not only brings a fresh liquidity solution to the market but also opens up new possibilities for the application of crypto assets. Without sacrificing the long-term appreciation potential of their holdings, users can easily allocate funds while earning transparent and sustainable yields through financial tools. This innovative model undoubtedly represents the future of the industry: smarter, more flexible, and more efficient asset management is set to become the new norm in the crypto market. About BitMart BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto's potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere. Disclaimer: Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Malaysian Reserve
8 hours ago
- Business
- Malaysian Reserve
MatchAwards Disrupts Traditional Affiliate Marketing with Dual-Token Commission Structure
FAYETTEVILLE, N.C., July 22, 2025 /PRNewswire/ — The MAPU Affiliate Program introduces a structured referral system offering fixed-rate rewards in USDC, USDT, and the MAPU token. Participants receive a 20% commission for each referral, while referees using the provided referral code are eligible for a 20% discount on purchases. The program is integrated with MatchAwards, a social media business platform designed to assist a diverse user base—including veterans, startups, small businesses, job seekers, and non-profits—in identifying contracts, grants, and loans from both U.S. government and private sector sources. With features such as digital advertising tools and a live services marketplace, MatchAwards supports operational activity that is linked to the utility of the MAPU token. 'We didn't launch a token and hope people would show up,' said Mike Noble, the COO at MatchAwards. 'We built a real platform first, signed up nearly 80,000 registered and active users, and now we're rewarding the community through the token economy. We're flipping the script.' The MAPU Affiliate Program incorporates secure wallet tracking and CRM tools to offer affiliates real-time insights into referral performance. Affiliates receive cryptocurrency payouts as referred users purchase tokens, while those using referral codes automatically receive purchase discounts. The program is structured to allow any referred user to become an affiliate referrer, facilitating a permissionless expansion model. In contrast to conventional affiliate models, the MAPU program emphasizes transparency and measurable user engagement. Its structure is designed to support actual platform activity rather than speculative participation. MAPU's listing strategy for exchanges remains conservative, with a stated goal of supporting organic price discovery. Token holders can immediately use MAPU within the MatchAwards platform—for example, to fund advertising campaigns, access upcoming business intelligence packages (including NFTs), or unlock selected tools. The token's integration with platform services is presented as a reflection of its intended utility. Users can apply today at and join a growing network of early adopters earning sustainable crypto income from a real-world platform. About MatchAwards MatchAwards, a division of AIT, combines advanced AI matching technology with blockchain verification to fundamentally redefine government procurement for small businesses. By removing traditional barriers and creating unprecedented transparency, the platform enables businesses of all sizes to compete effectively for government contracts. Learn more at Media Contact InformationMike ContactMatchAwardsCMO@ Photo –
Business Insider
13 hours ago
- Business
- Business Insider
Core Wallet Introduces Direct Bank and Card Onramps for Seamless Crypto Funding
New York, NY, July 22nd, 2025, Chainwire Core, Avalanche's native wallet, has launched a streamlined onramping experience that allows users to fund their wallets directly using everyday financial tools like bank accounts and debit cards. Powered by Meld, the new feature eliminates the need to route through centralized exchanges, offering a simpler, more direct path from fiat to crypto. Traditionally, getting started with crypto has meant navigating multiple platforms – moving money from a bank to an exchange, converting it to crypto, and then transferring it to a wallet. For new users and seasoned crypto natives alike, this fragmented process creates unnecessary friction. Core's new onramp reimagines this journey as a seamless flow from the tools users already know into the decentralized web. 'Accessing crypto shouldn't feel like solving a puzzle,' said Akash Gupta, Vice President of Core. 'We've designed Core's onramps to mirror how people already manage their finances – through their banks, cards, and trusted payment platforms. It's a big step toward making onchain access feel as smooth as any other digital experience.' Core now supports funding through a wide range of services, including: Bank accounts Debit cards Coinbase Stripe Shift4 Transak Topper Unlimit Paybis Additional onramp providers such as Binance Connect, Alchemy Pay, and Revolut will be added soon, expanding Core's compatibility with global payment methods and fintech apps. Once funds are deposited, users can easily convert to USDC, then seamlessly swap into any supported token – whether on Avalanche or one of Core's many multichain partners. By simplifying these steps, Core ensures users spend less time navigating logistics and more time exploring the decentralized applications they care about. This onramping upgrade reflects Core's ongoing mission to make Web3 more accessible, intuitive, and convenient for everyone. Available now across Core's mobile app, browser extension, and at the new feature empowers users to get onchain faster – with fewer steps and no detours. About Core Core is a self-custody wallet that simplifies blockchain access for both beginners and experienced Web3 users. It's tailored for the Avalanche ecosystem but supports Bitcoin, Ethereum, and more. Core enables gas-free transactions for actions like swapping and staking, making it unique in Web3. Its user-friendly interface blends the best of Web2 and Web3 for all digital users. About Avalanche Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network's architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future. Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.
