![Stablecoin issuers Circle and Paxos gain approvals in Singapore Stablecoin issuers Circle and Paxos gain approvals in Singapore](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZjc0NTE1ZjQtMzAwNi00N2JlLWI2YjctNTA1NmY0OGRlODQ1LmpwZw==.jpg)
Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-principle approval for a major payments institution…
![3 reasons why USDC stablecoin dropping below B market cap is Tether’s gain 3 reasons why USDC stablecoin dropping below B market cap is Tether’s gain](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYmI5MzE3YjItOWIyMi00OWJkLWFhZDEtMDY3YTdlYzAwNmZmLmpwZw==.jpg)
The market capitalization of USD Coin (USDC), a stablecoin issued by U.S.-based payment tech firm Circle, has dropped below $50 billion for the first time since January 2022. On the weekly chart, USDC’s…
![EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend? EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend?](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvNjMzYmIxZDItNmZjMy00ZDZjLThhNjgtNjg3MDRkMTY1MGQ1LmpwZw==.jpg)
EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive…