Crypto and Stablecoin Infrastructure Startup Zerohash to Raise $100 Million at Almost $1 Billion Valuation

Crypto and stablecoin infrastructure startup zerohash to raise $100 million at almost $1 billion valuation

Stablecoin fever is still running hot. Zerohash, a crypto and stablecoin infrastructure startup, is set to raise about $100 million at nearly a $1 billion valuation, according to two sources familiar with the deal. The publicly traded online brokerage Interactive Brokers is leading the funding round, said the two people, who spoke to Fortune on the condition of anonymity to discuss private business dealings. Spokespeople for zerohash and Interac…

China Explores Stablecoin Strategy As Shanghai Reignites Crypto Debate

China has had a strict ban on cryptocurrencies since 2021, but it looks like the country is starting to rethink its stance on digital assets. The Shanghai State-owned Assets Supervision and Administration Commission held a meeting recently that brought together 60 to 70 officials and specialists to talk about stablecoins and digital currencies. The meeting took place in Shanghai, China’s financial hub, marking a subtle yet significant shift in t…

Surging Stablecoin Market Bodes Well For Crypto Rally - Data Intelligence

As bitcoin pushed past all-time highs and other cryptocurrencies surged, the rise in stablecoin supply is offering a signal that this rally may have deeper roots. Tether’s USDT and Circle’s USDC, the two largest dollar-pegged stablecoins, each reached new record supplies this week, according to TradingView data. Since the start of July, USDC’s market cap has grown by $1.3 billion, reaching $62.8 billion, while USDT added $1.4 billion to hit near…

Shanghai Regulator Reassessing Stance on Stablecoins, Crypto

E-commerce giants are urging the central bank to authorise yuan-based stablecoins to counter the growing sway of US dollar-linked cryptocurrencies