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3CRCL, COIN news: Circle, Coinbase tumbles as regulators move to ban interest on stablecoins
Circle's stock (CRCL) plunged 18% after a new draft of the Clarity Act proposed restricting stablecoin rewards, impacting Coinbase (COIN) as well.
coindesk.com·1 source·3h
Techmeme
Stablecoin Payments Firm KAST Raises $80 Million in Funding
Stablecoin payments firm KAST has secured $80 million in a new funding round, reflecting continued investor interest in digital-dollar accounts. Venture capitalists are increasingly allocating capital to startups in this space.
bloomberg.com·1 source·Mar 9
Techmeme
Stablecoin Firms Bet Big on AI Agent Payments That Barely Exist
Circle and Stripe are developing payment systems for AI agents that would transact in stablecoins. The companies are betting on a future where AI autonomously handles financial transactions, even though such a system barely exists today.
bloomberg.com·1 source·Mar 8
Techmeme