Eurc

Circle launches Circle Payments Network (CPN) – A shift from stablecoin issuance to global financial infrastructure.

Circle, the company behind stablecoins $USDC and #EURC , has just announced a bold initiative: Circle Payments Network (CPN) – a 24/7 cross-border money transfer platform utilizing stablecoins. This is not just a regular payment service, but an effort to reposition itself as an 'infrastructure layer' of the global financial system.

Impressive Growth of USDC
According to reports from Circle, the stablecoin $USDC has achieved an astonishing growth of 78% in 2024. The total monthly transaction value of USDC exceeded $1 trillion in November 2024, and the total transaction value to date surpassed $20 trillion.
USDC currently has over 500 million users worldwide and is supported on 16 blockchains, having converted over $850 billion between fiat currencies.

AMINA Bank Offers Benefits for Stablecoin Users
Swiss-based AMINA Bank (formerly known as SEBA Bank) has eliminated custody fees for holders of USD Coin (USDC) in an effort to attract more stablecoin users. This initiative includes free custody services for both hot and cold wallets and offers quarterly rewards along with asset protection, as stated in the bank’s press release.
Expanding the Offering to EURC
In addition to removing USDC fees, AMINA Bank plans to include EURC, Circle’s euro-backed stablecoin, in its program in the near future.
Clients holding USDC will receive quarterly rewards, directly paid by the bank.This offering comes with no additional costs, making stablecoins more appealing to users.
Myles Harrison, Chief Product Officer at AMINA Bank, emphasized the bank’s commitment to supporting the crypto industry:
“As one of the first regulated banks to offer free USDC custody with rewards for holdings in both hot and cold wallets, AMINA Bank solidifies its commitment to fostering stablecoin growth and adoption.”
Stablecoins Gaining Momentum
Experts believe that 2025 will be a pivotal year for stablecoins. Their use is expected to shift from trading to real-world applications, such as instant payments.
In a post on January 1 on the X platform (formerly Twitter), Haseeb Qureshi, Managing Partner at Dragonfly Capital, predicted significant growth for stablecoins.
Regulatory Clarity: Qureshi suggested that the US could introduce bank-issued stablecoins by the end of the year, thanks to clearer regulations.Dominance of Established Players: He also expects that current issuers like Tether will maintain their market dominance, particularly with the support of key figures like Howard Lutnick, a potential Secretary of Commerce.
Conclusion
With this move, AMINA Bank positions itself as a pioneer in stablecoin support, potentially inspiring other financial institutions to follow suit. This initiative highlights the growing importance of stablecoins in the cryptocurrency ecosystem and their potential to become a mainstream component of the financial world.

#USDC , #Swissbank , #CryptoNewss , #EURC , #Stablecoins

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Dubai: Emirates NBD’s Liv Bank Launches Crypto Services via Liv X App

Liv, the first and largest digital bank of Emirates NBD in the UAE, has introduced cryptocurrency services through its Liv X app. This new offering allows customers to buy, hold, and sell cryptocurrencies seamlessly.

The initiative is made possible through collaborations with Aquanow, a global virtual asset service provider regulated by VARA, and Zodia Custody, which will handle the custody of digital assets.

A Step Towards Innovation in Crypto Services

Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, commented on the launch:

"We are excited to introduce cryptocurrency services on Liv X in collaboration with Aquanow, providing customers with a secure and convenient way to buy, sell, and trade digital assets. With the UAE leading in crypto adoption, this initiative aligns with Liv’s vision of innovation and excellence."

Dubai’s Growing Crypto Ecosystem and the Crypto Tower Project

Liv’s crypto expansion follows Dubai’s announcement of the Crypto Tower, a 17-story skyscraper set to be completed by 2027. This ambitious project aims to establish Dubai as a global digital finance hub, featuring coworking spaces, research labs, conference areas, and educational facilities dedicated to blockchain and fintech.

As Dubai strengthens its position as a blockchain capital, Liv’s move to offer crypto services reflects a broader strategy of embracing digital assets while ensuring secure and regulated transactions for users.

Recognition of Stablecoins USDC and EURC in Dubai

In parallel, Circle, the issuer of stablecoins USD Coin (USDC) and EURC, has received regulatory recognition from the Dubai Financial Services Authority (DFSA). This approval enables financial institutions and fintech firms operating in the Dubai International Financial Centre (DIFC) to integrate these stablecoins into payments, treasury management, and other financial services.

With these developments, Dubai continues to position itself as a leader in the global digital asset landscape, fostering innovation and trust in the cryptocurrency sector.
#USDC✅ #EURC #DFSA #DIFC