Connect with us

Crypto World

Bitcoin.com integrates UAE-regulated USDU stablecoin into its crypto wallet

Published

on

CoinMENA taps Standard Chartered for UAE payment rails

Bitcoin.com has partnered with Universal Digital Intl. Limited to add UAE-regulated USDU to its self-custodial wallet, giving users access to a dollar-backed stablecoin with monthly reserve attestations.

Summary

  • Bitcoin.com will add USDU to its web and mobile self-custody wallet.
  • USDU is backed 1:1 by liquid dollar reserves held with regulated UAE banks.
  • Universal publishes independent monthly attestations covering USDU’s reserves.
  • Bitcoin.com plans to support USDU payments, with swaps and buy and sell features to follow.

Bitcoin.com said USDU will be supported across its web and mobile wallet as an ERC-20 token on Ethereum, allowing users to hold, send, and receive the stablecoin while keeping control of their private keys.

The integration brings USDU into a wallet used by millions of users globally and will also allow the token to be used for designated Bitcoin.com services. Bitcoin.com and Universal plan to work on USDU payments between users and merchants across the platform, while swap and buy-and-sell functions are expected once third-party providers add support.

Advertisement

USDU is issued by Universal Digital Intl. Limited, an Abu Dhabi Global Market-based company regulated by the Financial Services Regulatory Authority for issuing Fiat-Referenced Tokens to professional clients. Universal is also registered with the Central Bank of the UAE as a Foreign Payment Token issuer under the Payment Token Services Regulation.

Each USDU is backed 1:1 by liquid U.S. dollar reserves held with regulated UAE banks, according to Universal. A third-party accounting firm independently attests the reserves each month, with the reports published by the issuer for public review.

USDU brings regulated dollar reserves into self-custody

Under the integration, Bitcoin.com Wallet users will retain their own private keys instead of handing custody of USDU to the wallet provider.

Self-custody means the user controls the keys required to move assets, while custodial platforms hold those keys on their customers’ behalf. A July self-custody explainer detailed how the model removes dependence on an exchange or another custodian but leaves users responsible for protecting their keys and recovery credentials.

Advertisement

Bitcoin.com CEO Corbin Fraser said the reserve structure was an important part of choosing USDU for the wallet.

“People shouldn’t need to be forensic accountants to know what backs the stablecoin they hold,” Fraser said. “USDU’s registration with the UAE central bank and monthly attested 1:1 reserves mean users can verify the backing instead of trusting a logo.”

The wallet will also carry educational material covering fiat-backed stablecoins, reserve attestations and regulated issuance through Bitcoin.com’s Learn-to-Earn content and a dedicated stablecoin education series.

Alongside holding and transfers, users will be able to receive USDU from supported jurisdictions for uses including saving, invoicing and moving funds between wallets or applications. Bitcoin.com said availability will depend on local rules, while additional functionality will depend on support from outside service providers.

Advertisement

Universal Senior Executive Officer Juha Viitala said combining USDU with a self-custodial wallet would allow users to maintain control of their assets while accessing information on the stablecoin’s reserve backing.

“Good standards only matter if people can actually use them,” Viitala said, adding that users will have access to details about USDU’s regulatory status, dollar reserves and independent attestations.

USDU already operates under the UAE payment token framework

Universal launched USDU in January as the first U.S. dollar-backed stablecoin registered with the Central Bank of the UAE as a Foreign Payment Token.

At the time, crypto.news previously reported that Universal had received authorization to issue the token under the UAE framework, with dollar reserves held at regulated banks including Emirates NBD, Mashreq and Mbank. Universal also partnered with Aquanow to distribute USDU into the country’s regulated digital asset market.

USDU’s permitted use in the UAE is narrower than a general-purpose domestic payment stablecoin. Under its current registration, USDU can be used as a means of payment for purchases of digital assets and digital asset derivatives in the country, according to Universal.

Advertisement

The token cannot be used for general payment purposes in mainland UAE, meaning the registration does not permit USDU to function as an unrestricted substitute for the dirham in domestic retail payments.

Universal is separately regulated by the FSRA within ADGM to issue a Fiat-Referenced Token to professional clients. The two regulatory positions cover different parts of its operations, with the CBUAE registration governing its status as a Foreign Payment Token and the FSRA authorization covering issuance within the financial free zone.

USDU’s Ethereum smart contract has also undergone an independent audit by CertiK, according to the companies, while distribution is handled by Aquanow, a virtual asset service provider licensed by Dubai’s Virtual Assets Regulatory Authority.

USDU has also been linked with a dirham stablecoin

The Bitcoin.com agreement follows another distribution step for USDU earlier this year.

Advertisement

In May, AE Coin and Universal introduced a conversion rail connecting the dollar-backed USDU with AE Coin, a UAE dirham-backed stablecoin. The system was developed with support from Al Maryah Community Bank for institutional settlement, treasury operations and cross-border transactions.

Initial access to that framework was offered through regulated digital asset service providers Aquanow and Changer.ae. The companies said the system would allow eligible institutions to move between dollar and dirham-denominated payment tokens within the UAE’s regulated framework.

USDU’s role in the arrangement relies on its Foreign Payment Token status, while AE Coin operates as a locally approved dirham-backed stablecoin. Universal said at the time that the conversion infrastructure could later be used for additional services including trade finance and multi-currency settlement.

The UAE’s payment rules distinguish between foreign currency-backed tokens such as USDU and domestic payment arrangements denominated in dirhams. In May, Crypto.com also received a Stored Value Facilities license from the Central Bank, with its planned Dubai government payment service structured to settle transactions in UAE dirhams or approved dirham-backed stablecoins.

Advertisement

Bitcoin.com plans USDU payments and trading features

Bitcoin.com’s first stage will focus on custody and transfers through its wallet, with users able to store USDU on Ethereum and send the token directly to other supported addresses.

Payments will form another part of the rollout. Bitcoin.com said it will accept USDU for designated services and work toward allowing payments between users and merchants across its products, although the company did not provide a timetable for the additional payment functions.

Trading features will depend on integrations from third-party providers. Swaps and fiat buy-and-sell services are expected to follow when providers begin supporting USDU, and access will continue to vary depending on the user’s jurisdiction.

Universal said the underlying dollar reserves remain held 1:1 in liquid form with regulated UAE banks and are subject to monthly independent attestations. The issuer publishes the attestation reports for users to review directly.

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

‘I Have the Skills, I Have the Training.’ How Refugee Doctors Are Helping the U.S. Fight COVID-19 Even Without a Medical License

Published

on

Ahmed Al-Sarray at the Dodger Stadium COVID testing site in Los Angeles on May 30, 2020.

The refugees’ language skills and diverse cultural background are also an asset for a testing program directed at underserved communities and communities of color. At one newly opened testing site in Atlanta, CORE was able to provide not just medical expertise, but interpretation in 13 different languages, including Amharic, Arabic, Burmese, Kiswahili, Somali and Tigrinya. “To work with these new Americans who have been resettled with the IRC is gratifying,” says CORE Co-Founder and CEO Ann Lee. “CORE appreciates these dedicated volunteers, who enable us to scale and provide free COVID-19 testing to vulnerable communities throughout the United States.”

Both the IRC and WES hope that the database and the partnership with CORE will lead to greater opportunities for immigrant health professionals down the line, as well as a more streamlined process for getting them into the U.S. medical system. “To the extent that we can turn the situation into something that can meaningfully impact those 165,000 people’s lives while improving access to health care, that would be a positive outcome,” says the WES’ Esposito. “We know that there are urgent needs for licensed health care staff and there are also needs to fill other public health roles,” she says, noting a growing need for contact tracers within the U.S. “These are roles where immigrants and refugees can really contribute. There are roles where you don’t need to change policy to make sure that people are going where they are needed.”

Although Al-Sarray is confident that eventually he will make it as a doctor in the U.S., he is thrilled to be playing a role in the pandemic response now, no matter how small. Before starting his training program as a safety officer for CORE, Al-Sarray boosted his infectious disease knowledge and personal protection equipment skills by watching instructional videos from the Centers for Disease Control and Prevention and the World Health Organization. Within a few hours of starting work at Dodger Stadium in late May, he was already adjusting the test-handling protocols to help minimize the risk of contagion. By the end of his first day, he was giddy with a sense of accomplishment.

“Now that I am in the front lines, I am even more excited because I am seeing first-hand the amount of people that we are helping,” he says. “Being a part of such a large testing site really makes you feel like you’re contributing to the response. I feel like I am making a difference.”

Advertisement

—With reporting from Carlo Barrera/Los Angeles

Source link

Continue Reading

Crypto World

Arthur Hayes takes CEO role at Flop Labs ahead of Q4 airdrop

Published

on

Arthur Hayes takes CEO role at Flop Labs ahead of Q4 airdrop

Arthur Hayes takes CEO role at Flop Labs ahead of Q4 airdrop

Hayes revealed his new role as Flop Labs CEO and teased a “massive airdrop” from the AI inference protocol in the fourth quarter of 2026.

Source link

Continue Reading

Crypto World

Coronavirus Could Upend Cancer Trends in the U.S.

Published

on

Coronavirus Could Upend Cancer Trends in the U.S.

Protecting patients from getting exposed to the virus also guides some of her decisions around how to provide chemotherapy. “If I have a choice between a [chemotherapy] drug that is given every week and a similar one that is given every three weeks, I now routinely use the one that’s given every three weeks,” she says. “Even if there are a few more side effects, if it reduces the number of times a patient has to come in, then this is a conversation I’m having with them.”

Similar adjustments are possible for radiation treatment in some cases. Normally, radiation therapy is broken up into smaller, daily fractions in order to preserve the healthy tissue around cancers from the toxic effects of single blast. For breast cancer patients, recent, albeit early studies that followed patients for five years, suggested that significantly shorter courses of treatment—given over five days compared to 30, for example—could be equally as effective in controlling the cancer. “Typically we wouldn’t embrace [such early results] in daily practice as quickly as we did except for the pandemic,” says Dr. Reshma Jagsi, deputy chair of radiation oncology at the University of Michigan. “But some patients were willing to take the risk of not having long term evidence on the safety and trust the five year data which was certainly compelling and intriguing.”

For the most part, cancer patients have understood the importance of continuing their treatment and of balancing their risk of cancer against their risk of getting COVID-19. In fact, says Busby, “it’s not so much our patients we worry about but the patients who are not ours yet.” Most hospitals canceled routine cancer screening appointments for things like mammograms and colonoscopies, which are essential for detecting cancer early. And many people who might have potential cancer symptoms and aren’t diagnosed yet, aren’t going to the doctor because of COVID-19 fears. If that’s the case—and only data on cancer rates in the coming months and years will provide the answer—it’s possible that both the number of new cancer cases and their severity will increase as a result of the pandemic.

“My concern is for the patients who have not yet been diagnosed with cancer; for those patients who delayed their screening; for patients who put off being examined for certain symptoms,” says Jagsi. “Those patients will be diagnosed at later stages and I do have great concern there that will change cancer-related treatment outcomes.” In recent years, advances in screening have helped doctors more regularly diagnose patients at earlier stages where their disease is still treatable and curable, Jagsi notes. “I fear that some COVID-19-related delays may compromise some of the advances we have seen.”

Advertisement

How deeply COVID-19 will cut into those gains won’t be clear until more data on new cancer cases becomes available in coming months. But most experts agree that “it’s hard to imagine that the pandemic would contribute to a better situation; it’s going to have to be worse,” says Carey.

In the meantime, patients are learning to accept the adjustments they need to make to ensure their treatments continue with as little disruption and in the safest way possible. Satterfield has had two COVID-19 tests because the chemotherapy she receives gives her a runny nose, cough and diarrhea—all symptoms of COVID-19 that are flagged when she is screened before entering the cancer center for her treatments. But she’s okay with that, and understands why it’s needed. For her, “the most challenging part is emotional. With any terminal illness, it’s there—I think, is this the way the world is going to be when I die? Is this how I see the end of my life? But I’m feeling better than I have in recent memory. As much as my health status doesn’t sound great, I feel great. And I’m thankful for that.”

Source link

Advertisement
Continue Reading

Crypto World

Clementine Jacoby | The Future of Innovation

Published

on

Clementine Jacoby | The Future of Innovation

Source link

Continue Reading

Crypto World

XRP Price Prediction: Lowest Since 2024, $1 at Risk

Published

on

👀

XRP price is sitting right on top of the prediction level everyone’s been watching for weeks. The token trades at $1, with little to no movement today after briefly dipping into the high-$0.98 range earlier this week, or its lowest print since November. The more interesting question is what happens if this dollar floor cracks again, and there’s a rotation angle here that most traders haven’t priced in yet.

The move below $1 rattled sentiment, with Yahoo Finance flagging on August 17 that XRP was sitting “right on $1” with buyers unwilling to commit.

CoinGecko’s 24-hour volume reading of $756.5 million suggests conviction is thin on both sides right now, not absent. CoinGecko data shows the token has actually managed a small green candle over the last day, even as its 7-day change sits at -2%.

Advertisement

Zoom out, and the macro backdrop isn’t helping risk assets generally; chip stocks sold off, inflation fears resurfaced, and Treasury yields pushed the Nasdaq down over 1% at the open. That kind of tape tends to compress crypto ranges rather than break them cleanly in either direction.

Discover: The Best Token Presales

XRP Price Prediction: Hold $1.00 and Push Toward $1.20?

XRP has been boxed between $1.00 and $1.18 since late June, and today’s price action does little to resolve that range. The intraday band on live trackers shows a low of $0.9888 and a high near $1.007, a tight squeeze that typically precedes a directional break, not another quiet week.

Advertisement

Bull case: a reclaim and hold above $1.007 opens the door to the $1.06–$1.08 zone flagged around the last CPI print, with $1.18–$1.20 as the level that would meaningfully improve the technical structure.

Xrp (XRP)
24h7d30d1yAll time

Base case: continued chop between $0.99 and $1.03 while the market waits for a fresh catalyst.

Bear case: a clean break of $0.9888 exposes $0.97, and potentially the $0.90–$0.95 pocket if selling accelerates. Recent technical coverage and institutional exposure reports both suggest the range holds until a macro trigger forces the issue. Worth watching before adding size either way.

Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

Advertisement

Bitcoin Hyper Targets Early Mover Upside as XRP Grinds Sideways

Holding a large-cap through a multi-week range like this tests patience. The chart hasn’t given XRP holders much to celebrate since June, and a -2% weekly print on top of a failed dollar defense isn’t nothing.

For traders tired of watching a nine-figure market cap asset move a few cents in either direction, the calculus shifts toward projects still early enough to move on their own terms.

Bitcoin Hyper ($HYPER) is pitching itself as the first Bitcoin Layer 2 with full SVM integration. It boasts a smart contract with speed rivaling Solana, built on Bitcoin’s settlement layer.

Advertisement

The presale has raised $33 million at a current token price as low as $0.0136849, with a huge 35% staking reward available at the presale phase.

Standout features include a decentralized canonical bridge for BTC transfers and low-latency execution aimed at solving Bitcoin’s long-standing programmability gap.

Research Bitcoin Hyper before deciding if it fits a rotation strategy.

Discover: The Best Crypto to Diversify Your Portfolio

Advertisement

The post XRP Price Prediction: Lowest Since 2024, $1 at Risk appeared first on Cryptonews.

Source link

Advertisement
Continue Reading

Crypto World

Crypto Genesys Goes Live on 1win in Limited Platform Release

Published

on

[PRESS RELEASE – Willemstad, Curaçao, August 19th, 2026]

1win, a crypto entertainment platform, has added Crypto Genesys, Pragmatic Play’s new crypto-themed slot, giving its players access to a title currently available across only a limited selection of gaming platforms.

As one of the few selected gaming platforms that offer Crypto Genesys, 1win is expanding its entertainment offerings beyond cryptocurrency transactions to include gaming experiences designed specifically for crypto-oriented audiences.

Set in the world of crypto, AI, and digital culture, Crypto Genesys takes players into a neon-lit cyberpunk metropolis where digital currencies meet futuristic gameplay. A cyborg character overlooks the reels, while crypto-inspired tokens, including a prominent Bitcoin symbol, drive the game’s visual identity.

Advertisement

Instead of traditional paylines, Crypto Genesys uses a scatter-pays system across a 6-reel, 5-row grid, allowing winning symbols to land anywhere on the reels. Tumbles clear winning symbols to make room for new ones, creating opportunities for consecutive wins within a single sequence.

The game also features multiplier symbols and Free Spins with accumulating multipliers. Players looking for more control over the gameplay can use the Ante Bet feature to increase their chances of triggering Free Spins or access the bonus round directly through the Buy Free Spins option.

With high volatility and a maximum win of up to 15,000x the stake, Crypto Genesys is designed for players looking for high-risk, high-reward gameplay wrapped in a distinctly crypto-inspired experience.

Crypto Genesys is now available to play on 1win.

Advertisement

About 1win

Founded in 2016, 1win is a crypto entertainment platform in the global gaming industry. Operating across Asia, Latin America, and Africa, 1win offers a wide range of entertainment products adapted to regional audiences. The brand has active collaborations with international public figures, including football legend Luis Suarez, martial artist Jon Jones, and Olympic champion and UFC fighter Gable Steveson. In 2026, 1win welcomed rapper Tyga, UFC legend Ilia Topuria, and reggaeton star Nicky Jam as members of the 1win VIP community.

The post Crypto Genesys Goes Live on 1win in Limited Platform Release appeared first on CryptoPotato.

Source link

Advertisement
Continue Reading

Crypto World

Bitcoin Time Machine Hands Buyers a 50% Discount, Cameron Winklevoss Says

Published

on

Bitcoin Price Performance

Gemini co-founder Cameron Winklevoss says the artificial intelligence (AI) trade has handed investors a Bitcoin (BTC) time machine, with the asset now trading near half of last year’s price.

He posted the argument on X, urging investors to treat the drop as an entry point rather than a warning sign.

Why Winklevoss Calls This a Bitcoin Time Machine

Winklevoss argues that capital chasing AI stocks has suppressed crypto prices. As a result, buyers can now reach levels that looked out of reach twelve months ago.

Cameron Winklevoss. Source: X

He ties the weakness to competition for capital. AI equities absorbed flows that once moved into risk assets such as BTC.

The comparison rests on a simple counterfactual. A year ago, BTC traded above $120,000, and a few holders expected a slide back toward $60,000.

Bitcoin peaked at $126,080 on October 6, 2025, according to BeInCrypto price data. BTC now changes hands at $64,231, roughly 49% below that record. Meanwhile, the market value of the asset sits near $1.29 trillion.

Bitcoin Price Performance
Bitcoin Price Performance. Source: BeInCrypto

The chart shows where the damage landed. BTC broke down sharply in February 2026 and has traded below $80,000 ever since.

The pitch also echoes his earlier calls. In July, Winklevoss backed Bitcoin and Zcash as the AI rout dragged South Korea’s Kospi index down almost 11%.

Advertisement

His own trading record complicates the message. In March, the twins moved $130 million in BTC to Gemini wallets, which analysts read as preparation to sell.

Gemini has felt the downturn directly. The exchange cut roughly 30% of its workforce earlier this year and posted a $585 million loss for 2025.

Analysts Still See Room Below $64,000

Not everyone treats the discount as a floor. One BeInCrypto study of cycle timing placed the bear market bottom near $47,000.

Institutional demand also looks thin. Last week, spot Bitcoin exchange-traded funds (ETFs) recorded $390 million in outflows as oil prices climbed.

Advertisement

The AI question cuts both ways. Money rotating out of AI stocks could lift crypto. However, a broad risk selloff would probably drag BTC lower first.

Still, Bitcoin has shown some independence this week. On Monday, the S&P 500 slipped while BTC pushed above $64,000 ahead of the Federal Reserve minutes.

Winklevoss closed his post by asking when Bitcoin goes back to the future. Traders watching the current Bitcoin price may read part of that answer in this week’s Fed minutes.

The post Bitcoin Time Machine Hands Buyers a 50% Discount, Cameron Winklevoss Says appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

TIME100 Talks | The Future of Innovation (Full Event)

Published

on

TIME100 Talks | The Future of Innovation (Full Event)

Source link

Continue Reading

Crypto World

Interlace enters Brazil as stablecoin payment activity grows in Latin America

Published

on

Crypto exchanges face tough Brazil test as audit mandate arrives

Interlace has opened an office in Brazil and assembled a local team as the stablecoin infrastructure company expands its payment and digital asset operations across Latin America.

Summary

  • Interlace has opened an office in Brazil and assembled a local team led by country manager Guilherme Santos.
  • The company plans to support financial institutions, cross-border trade platforms and digital asset businesses through its payment infrastructure.
  • Interlace recently attended Blockchain.RIO, where Santos discussed stablecoin payments, digital assets and financial infrastructure.
  • The company will next attend the Argentina Crecimiento LATAM Digital Assets Conference from Aug. 20 to Aug. 21.

Interlace said the Brazil operation will connect local financial institutions, cross-border trade platforms, digital asset companies and Web3 projects with its global payment and digital asset infrastructure.

Interlace Brazil office brings a local team into the market

The expansion gives Interlace a physical presence in one of Latin America’s largest digital asset markets, with the company appointing Guilherme Santos as its country manager for Brazil.

Advertisement

Confirming the move on X, Interlace described its strategy as “Going global. Building local,” adding that the new office was part of its effort to make stablecoin-powered payments and digital financial infrastructure more accessible internationally.

“Our new office marks another step toward making stablecoin-powered payments and digital financial infrastructure more accessible worldwide,” the company said.

Interlace has also started building relationships with Brazil’s payment and digital asset sectors through local industry events. The company recently attended Blockchain.RIO in Rio de Janeiro, where its team met participants from the country’s financial, payments and crypto industries.

During the event, Santos joined a panel covering digital assets, stablecoin payments and financial infrastructure, placing the company’s local rollout alongside discussions about how blockchain-based settlement can connect with existing financial services.

Advertisement

Brazil already has significant stablecoin activity alongside an established instant-payment system. In June, crypto.news reported on Oobit, which integrated Tether’s USDT with Brazil’s Pix network, allowing users to deposit Brazilian reais, hold USDT, and make payments through Pix keys or QR codes.

According to that report, Pix had nearly 170 million users, while the system processed BRL 11 trillion in transactions during 2024. Oobit said blockchain settlement could run behind the payment process while users continued interacting with the same Pix-based payment methods already available through Brazilian banking apps.

Interlace has not disclosed specific banking or payment partners tied to its new Brazilian office. Its announcement instead identified local financial institutions, cross-border commerce platforms, digital asset businesses and Web3 projects as the groups it plans to support through its infrastructure.

Brazil stablecoin payments face tighter financial rules

Interlace is entering Brazil as regulators increase supervision of digital asset transactions, particularly those involving stablecoins and cross-border payments.

Advertisement

A July report on IMF scrutiny found that the International Monetary Fund had called for stronger oversight of Brazil’s stablecoin market after cross-border crypto flows expanded faster than traditional capital movements. The IMF said Brazil’s crypto sector had become more closely connected with the financial system, while additional rules were needed around customer asset protection, stablecoin issuance and anti-money laundering controls.

Banco Central do Brasil Governor Gabriel Galípolo had also said stablecoins accounted for about 90% of the country’s reported crypto flows, according to the same report. Regulators have cited taxation, money laundering and reserve-related risks when discussing the large share of dollar-backed tokens in local digital asset transactions.

Brazil’s central bank has already placed restrictions on how virtual assets can be used within supervised international payment channels. Resolution BCB No. 561 requires payments and receipts between regulated electronic foreign exchange providers and foreign counterparties to use foreign exchange transactions or movements through non-resident Brazilian real accounts. Virtual assets cannot be used to settle transactions inside those regulated eFX channels.

The restriction does not prohibit crypto trading or stablecoin transfers in Brazil. According to the IMF coverage, it separates regulated cross-border settlement infrastructure from private digital asset activity conducted through wallets, exchanges and other crypto services.

Advertisement

For infrastructure providers entering Brazil, local financial connections therefore sit alongside a developing compliance regime governing how digital assets interact with existing payment and foreign exchange systems.

Commercial interest in stablecoin payment rails has continued across Latin America at the same time. In June, Paradigm led a $9 million Series A investment in El Dorado, a regional payments company operating across 12 Latin American countries, including Brazil, Argentina and Colombia. Coinbase Ventures and Verda Ventures also participated in the round.

El Dorado said it had processed more than 5 million transactions and served more than 100,000 active users. The company also moved into business payments, combining fiat and stablecoin payment rails for corporate customers involved in cross-border commerce.

Paradigm partner Ricardo de Arruda said Latin America handles more than $100 billion in cross-border payments annually, while El Dorado CEO Guillermo Goncalvez estimated total flows could approach $1 trillion when additional business transactions are included. Goncalvez said roughly 60% of the activity involved business-to-business payments linked to imports and exports between Latin America and the United States.

Advertisement

Interlace plans its next Latin America stop in Argentina

Interlace is now taking its regional expansion to Argentina, where the company is scheduled to participate in the Argentina Crecimiento LATAM Digital Assets Conference from Aug. 20 to Aug. 21.

At the conference, the company said it will give a presentation covering practices from its global card-issuance projects and its plans for Latin America. The appearance follows its participation at Blockchain.RIO and comes one day after the Brazil office announcement.

Argentina has also seen financial groups experiment with stablecoins for business payments and treasury use. A July report on peso stablecoins detailed separate projects from BIND Group and Petersen Group that were being developed through digital asset subsidiaries while Argentine banks remained restricted from offering crypto services directly.

BIND Group, which manages more than $2 billion in assets and owns BIND Banco Industrial, has been developing a peso-backed stablecoin through virtual asset service provider BEN. BEN had also partnered with Circle to provide institutional clients with access to USDC for treasury management and payment applications under Argentina’s regulatory framework.

Advertisement

Petersen Group, meanwhile, has been working on the DIPE stablecoin with technical support from crypto infrastructure provider Lirium. According to the July report, both projects have focused on corporate functions including programmable payments, collateral management and treasury settlement instead of consumer payment products.

Interlace said its Aug. 20–21 appearance in Argentina will cover its global card issuance experience and the company’s plans for building its Latin American operations.

Advertisement

Source link

Continue Reading

Crypto World

Metaplanet to Boost Bitcoin Treasury in US via Nasdaq Deal (2,100 BTC)

Published

on

Crypto Breaking News

Metaplanet, the Tokyo-listed firm that has made Bitcoin its primary treasury asset, says it is preparing to expand its Bitcoin strategy into the United States through a controlling stake in Nasdaq-listed Super League Enterprise. The proposed move would create a U.S.-focused Bitcoin treasury platform while allowing Metaplanet to continue raising capital in Japan.

According to Metaplanet CEO Simon Gerovich, the company plans to contribute 2,100 Bitcoin (BTC) and $2.5 million in cash to Super League. The receiving entity is expected to be renamed “Superplanet,” positioning it as the group’s U.S. Bitcoin treasury vehicle.

Key takeaways

  • Metaplanet plans to inject 2,100 BTC (about just under 5% of its 43,000 BTC holdings) plus $2.5 million cash into Super League.
  • The deal would create a separate U.S.-oriented treasury platform while Metaplanet continues capital formation efforts in Japan.
  • Because the BTC comes from Metaplanet’s existing holdings, the transaction is described as not involving a new BTC purchase.
  • Closing is expected in Q4 2026, subject to shareholder approval and other customary conditions.
  • Super League’s stock reaction has been dramatic, with trading volume reported to jump nearly 95x after the announcement.

Metaplanet’s U.S. expansion via Superplanet

Gerovich said the arrangement is designed to provide two channels for funding the group’s broader Bitcoin treasury approach. Under the plan, Superplanet would target U.S. markets, while Metaplanet would keep pursuing fundraising in Japan.

The company also suggested that the U.S. structure could widen the strategic options available to the group. Metaplanet said Superplanet may pursue acquisitions in the U.S. Bitcoin treasury sector that could be harder for the Japanese parent company to execute.

Metaplanet’s stated transfer of 2,100 BTC amounts to just under 5% of its reported 43,000 BTC holdings. At the time of the announcement, the value was described as roughly $135 million based on prevailing Bitcoin pricing. Importantly, the BTC would be sourced from Metaplanet’s treasury rather than obtained through a fresh market purchase.

Advertisement

Timing, governance, and how capital could flow

Metaplanet said the transaction is expected to close in the fourth quarter of 2026, assuming customary closing conditions are met. Those conditions include approval from Super League shareholders.

While details of the exact financing mechanics were not fully specified in the company’s remarks, the core premise is straightforward: capital raised by either entity could be directed toward expanding the group’s Bitcoin treasury strategy. This matters for investors because it frames the acquisition not only as a corporate restructuring, but as a capital-allocation expansion—essentially building a second fundraising venue alongside Metaplanet’s existing Japanese operations.

For traders and shareholders, the key unknowns to watch will be how the U.S. vehicle ultimately raises funds, how it is governed relative to the Japanese parent, and what acquisition criteria it uses if Metaplanet’s stated goal of U.S. consolidation comes to fruition.

Super League’s market reaction highlights investor appetite

Super League Enterprise currently operates an immersive gaming, content, and advertising business. Following the announcement, its shares surged more than 50%, and trading activity spiked sharply.

Advertisement

Yahoo Finance data cited in the announcement indicates trading volume reached about 37.3 million shares versus roughly 393,000 shares previously—an increase of nearly 95-fold. Such a move often signals that investors are recalibrating expectations for the company’s future direction and capital strategy, particularly when a publicly traded business is linked to large-scale Bitcoin treasury plans.

Metaplanet’s move also underscores a broader theme in the corporate Bitcoin space: listed companies are increasingly competing not just on treasury size, but on access to capital. By shifting part of that effort into a U.S.-listed wrapper, the strategy may reduce geographic constraints and broaden investor participation.

Corporate Bitcoin treasuries face growing capital-management pressure

Metaplanet has positioned itself among the largest corporate Bitcoin holders. The company is described as the third-largest corporate Bitcoin holder, trailing Twenty One Capital by roughly 500 BTC. Twenty One Capital is a publicly traded Bitcoin treasury company backed by Tether, Bitfinex, and SoftBank, formed to accumulate Bitcoin and increase holdings on a per-share basis.

Metaplanet’s most recent accumulation was last reported as occurring in early July, according to BitcoinTreasuries.NET.

Advertisement

Strategy is another prominent reference point in this market. Michael Saylor’s Strategy is still widely reported as the largest corporate Bitcoin holder, with more than 840,000 BTC. However, the article notes that Strategy has sold Bitcoin in recent months to fund dividends, share repurchases, and its U.S. dollar reserve. That detail highlights a central tension for corporate Bitcoin treasuries: maintaining Bitcoin exposure while also meeting the cash needs that come with being a public company.

Against that backdrop, Metaplanet’s planned U.S. expansion can be viewed as an attempt to strengthen the group’s capital toolkit. If Superplanet can raise funds efficiently in the United States, it may provide additional flexibility—whether for Bitcoin accumulation, strategic acquisitions, or supporting corporate liquidity demands—without relying solely on the Japanese market.

Investors should watch for two developments as this moves toward Q4 2026: the shareholder approval process at Super League, and how Superplanet’s planned fundraising and acquisition strategy will be structured in practice—especially given the ongoing trade-offs corporate Bitcoin holders face between Bitcoin accumulation and broader capital-management obligations.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Advertisement

Source link

Continue Reading

Trending

Copyright © 2025