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Celsius Founder Alex Mashinsky Faces 20 Years in Jail, But CEL Token Soars 70%

Alex Mashinsky faces up to 20 years in jail as the US DoJ (Department of Justice) pursues the Celsius founder and former CEO for orchestrating a years-long campaign of lies and self-dealing.

Prosecutors are pushing for such an extreme punishment, citing Mashinsky as an example of the repercussions of crypto misconduct.  

CEL Token Soars 70% Amid Mashinsky’s 20-Year Sentence Risk

The US DoJ issued the request in a sentencing memo filed on Monday, April 28, asking the court for a 20-year jail term for Alex Mashinsky.  

The prosecution calls Mashinsky out for “deliberate, calculated” fraud, which resulted in the loss of almost $7 billion in customer funds.  

Despite this report, CEL, the powering token for the Celsius Network, is up by over 70%. As of this writing, data on CoinGecko shows CEL was trading for $0.1507.

Celsius Network (CEL) price performance
Celsius Network (CEL) price performance. Source: CoinGecko

This request comes five months after Mashinsky’s guilty plea, following fraud charges, including CEL token market manipulation, and avoiding a January trial. Commodities fraud and price manipulation were among the schemes linked to Celsius’s collapse.

According to the DoJ, while Mashinsky pled guilty, he still refuses to accept responsibility. Instead, he is reportedly shifting blame to regulators, market conditions, and even his victims.

“Mashinsky’s crimes were not the product of negligence, naivete, or bad luck. They were the result of deliberate, calculated decisions to lie, deceive, and steal in pursuit of personal fortune,” the DoJ contends.

Meanwhile, this case traces back to July 2023 when the US SEC (Securities and Exchange Commission) sued Celsius and Mashinsky. The securities regulator cited the two defendants for:

  • Misrepresentation of the central business model and risks to investors.
  • Misrepresentation of financial success.
  • Misrepresentation of the safety of customers’ assets on the Celsius platform.
  • Market manipulation of Celsius (CEL) tokens 

Beyond the DoJ and SEC, other agencies, including the CFTC (Commodities Futures Trading Commission), FTC (Federal Trade Commission), and the US Government, had also filed similar charges against Celsius and Mashinsky.

“SEC, DOJ, CFTC, and FTC all sued/charged Celsius and Mashinsky in the past hour. Rough day,” db reported at the time.

Notably, this happened a year after Mashinsky stepped down as CEO of Celsius. Over the years, a key highlight in the case includes Mashinsky claiming to have withdrawn $10 million ahead of the platform’s bankruptcy.

Notwithstanding, the judge froze his assets and recently turned down his request to dismiss fraud charges.

Meanwhile, efforts to make victims whole have included unstaking the platform’s Ethereum (ETH) holdings. In January 2024, Celsius informed its followers on social media that it was working to compensate victims.

“The significant unstaking activity in the next few days will unlock ETH to ensure timely distributions to creditors,” read the post.

More recently, Celsius announced the second payout to creditors, citing $127 million in Bitcoin (BTC) and US dollars based on eligibility.

Mashinsky’s sentencing is set for Thursday, May 8. If the court agrees to the US DoJ’s push for a 20-year sentence, Alex Mashinsky would have received a lesser sentence than FTX’s Sam Bankman-Fried (SBF) 25-year jail term.

The post Celsius Founder Alex Mashinsky Faces 20 Years in Jail, But CEL Token Soars 70% appeared first on BeInCrypto.

HTX Launches $TRUMP Promotions: 20% APY, $20,000 Trading Competition, and 0 Fees

HTX is launching a series of exclusive promotions for $TRUMP, offering users multiple ways to boost earnings and capture market opportunities amid surging global interest in the token.

Learn more about the $TRUMP promotions: here

Seize the Momentum with $TRUMP Promotions

Starting April 26 at 16:00 (UTC), HTX launched a special $TRUMP Flexible Earn offer. Users can subscribe to the $TRUMP Earn product and enjoy an annualized return of up to 20% with hourly compounding. Funds can be deposited and withdrawn at any time for maximum flexibility. Simply log in to the HTX App or website and select the “$TRUMP Flexible” product under “Earn.”

From April 28 at 10:00 to May 13 at 15:59 (UTC), users can trade the $TRUMP/USDT spot pair with zero trading fees. This limited-time offer lowers trading costs and makes it easier for users to capture potential gains.

HTX is hosting a $TRUMP Trading Competition from April 27 at 10:00 to May 4 at 10:00 (UTC).

Participants who trade $TRUMP spot will be ranked by total trading volume for a chance to share a 20,000 USDT prize pool.

Bonus: $TRUMP leveraged trades will count 3x toward the total volume.

Note: Users must register on the event page to qualify for rewards.

HTX: Empowering Users with Quality Digital Asset Opportunities

Through Earn promotions, fee-free trading offers, and trading competitions, HTX continues to create a low-cost, high-liquidity trading environment. The $TRUMP campaigns are part of HTX’s broader efforts to enhance user opportunities through curated digital asset offerings, while continuously optimizing platform experience and driving sustainable growth across the global user base.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

The post HTX Launches $TRUMP Promotions: 20% APY, $20,000 Trading Competition, and 0 Fees appeared first on BeInCrypto.

Wirex Launches Wirex Business: The Ultimate Corporate Banking Platform for Web3 and Crypto Businesses

Wirex, a global leader in crypto-financial services, is proud to announce the launch of Wirex Business, a comprehensive corporate banking platform designed to serve the unique needs of Web3 companies and crypto businesses.

Wirex Business offers robust tools and seamless integration of stablecoins and fiat currencies, empowering businesses to manage their treasury functions, issue corporate cards, and handle expenses efficiently in the ever-evolving Web3 landscape.

The platform enables enterprises to streamline their financial operations with advanced features such as corporate bank accounts, corporate expense and payroll Visa cards, real-time payments, instant settlement, and built-in yield on stablecoin holdings.

Designed with the self-custodial model in mind, Wirex Business ensures that businesses retain full control of their funds, giving them the confidence to manage their finances securely in a decentralized world.

Key Features of Wirex Business:

  • Corporate Bank Accounts: Easily manage multiple accounts in USD, EUR, GBP and stablecoins.
  • Corporate Expense & Payroll Cards: Issue physical and virtual cards for employee expenses and payroll management.
  • Instant Fiat<>Stablecoin Conversion: Seamlessly convert fiat currencies into stablecoins and vice versa in real-time.
  • Built-in Yield: Earn competitive yield on stablecoin holdings with no hidden fees.
  • Self-Custodial Model: Maintain full control of your funds, eliminating counterparty risks.
  • Reporting: Save time with automated accounting tools and advanced reporting to keep your finances in sync.

Wirex Business is designed to help Web3 companies, fintechs, and crypto businesses efficiently manage their financial operations and expand globally with ease.

The platform is currently onboarding new clients, with registration available at: link.

“We are excited to launch Wirex Business, as it opens up new possibilities for companies operating in the Web3 and crypto space,” said Daniel Rowlands, Managing Director of Wirex Pay. “By offering a full suite of corporate banking services, including expense management, card issuance, and seamless fiat-stablecoin integration, we are empowering Web3 companies to manage their treasury and operations with the same ease as traditional businesses. The future of finance is non-custodial and Wirex is pioneering business banking for the Web3 digital age.”

Pavel Matveev, Founder of Wirex, added, “Wirex Business represents a major step forward in bridging the gap between traditional finance and the crypto world. We understand the unique needs of Web3 businesses and are proud to provide them with the tools they need to thrive in a decentralized economy.”

About Wirex

Wirex is a global crypto-financial services platform with over 6 million users worldwide. As a principal member of Visa and Mastercard, Wirex enables individuals and businesses to use, store, and exchange digital assets seamlessly alongside traditional currencies. With a commitment to innovation and user-centric services, Wirex is driving the adoption of digital currencies and advancing the future of payments.

The post Wirex Launches Wirex Business: The Ultimate Corporate Banking Platform for Web3 and Crypto Businesses appeared first on BeInCrypto.

1inch Launches on Solana, Plans Cross-Chain Swaps for Over 1 Million Solana Tokens

1inch Solana Launch

1inch Expands to Solana:– In a major move for DeFi, the multi-chain DEX aggregator 1inch has expanded to Solana. With the integration, the on-chain swaps for over 1 million tokens are now live on the network.

This means that users can now access trade and swaps for over 1 million Solana-based tokens using the DEX aggregator 1inch’s dApp.

The integration comes as Solana’s DEX activity continues to outperform. Over the past week, Solana-based DEX volume has jumped by roughly 25% to reach $19.359 billion.

With the montly Solana DEX trading volume hitting $50.7 and 16% week-over-week gain, it has surpassed Ethereum’s Layer-2s.

Why is 1inch Integrating on Solana

1inch’s decision to integrate with Solana is driven first and foremost by performance. Solana processes roughly five times the number of transactions Ethereum does over a similar period.

In the past three months, Solana network has handled 4.8 billion transactions and served 224 million active addresses. In counterpart, Ethereum stands at 1 billion transactions and 78 million addresses.

Its sub-second block times and single-digit cent fees combined with 1inch’s intent-based trading architecture is set to provide users with the efficient execution of swap orders.

There is no explicit market reaction as of now. After the 1inch Solana news, $1INCH token is trading at the current Price of $0.58 with 24 h change standing at +2.3%

Solana DEX Volume

Brings In Fusion Protocol and APIs

Apart from the On-chain swaps, 1inch has also bring in Fusion protocol and six developer APIs to the leading blockchain network, Solana.

With its first deployment of Fusion protocol, this will allow users to place swap orders in an intent-based trading system. Such orders are executed by professional market makers called resolvers which use all the available liquidity sources.

In this system, users are also allowed to define their desired trade parameters. Based on the paramenters, the resolvers compete to fill the orders under Dutch auction mechanics.

In Dutch mechanism, the exchange rate starts high and gradually decreases until a resolver accepts the order. This ensures minimum slippage and maximum liquidity aggregation.

Further, for developers, 1inch Developer Portal’s existing toolkit of APIs now immediately gains Solana support.

According to its blog post, this includes Swap API, Balance API, Token API, Spot Price API, Transaction Gateway API, Gas Price API, Cross-chain API.

This move comes as a boost for the second-largest DEX inch’s vision of creating a “unified multi-chain” DeFi ecosystem.

Top Solana tokens that will available on 1inch include naitve Solana (SOL),  Jupiter (JUP), Raydium (RAY), Bonk (BONK) among others.

What’s Next

To begin swapping on Solana through 1inch, users can now connect their Phantom or Trust Wallet via WalletConnect. 1inch told Coingape that the team has confirmed that support for additional wallets is on the way.

1inch has also revealed plans to roll out cross-chain functionality in the coming months. This willl allow swaps between Solana and more than 10 other blockchains supported by 1inch.

The ten EVM-compatible networks that it currently supports are Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism, Gnosis Chain, Base and zkSync Era.

With cross-chain swaps soon to roll out, liquidity fragmentation across major chains would shrink.

Besides boosting DeFi significntly, this will bring in a unified trading experience for users and help onboarding new users at scale.

 

Also Read: How High Can XRP Price Go!

The post 1inch Launches on Solana, Plans Cross-Chain Swaps for Over 1 Million Solana Tokens appeared first on CoinGape.

Analyst Predicts Solana Price Rally to $4,500, But There’s a Catch

Analyst Predicts Solana Price Rally to $4,500, But There’s a Catch

Solana price rally stalled after hitting the $150 barrier earlier this week, but analysts remain optimistic that an explosive bull run is on the horizon. The optimism is notably high, considering that one analyst predicts that this Ethereum rival could soon hit $4,500. Despite the analyst’s overly ambitious target, several indicators suggest otherwise.

SOL value today stands at $148, with a nearly 2% decline in 24 hours caused by uncertainty across the broader market.

Analyst Predicts Solana Price Will Reach $4,500

While giving his Solana price prediction, popular analyst Ali Charts noted that the altcoin may be on the verge of breaking out to $4,500. He based his forecast on the formation of a cup and handle pattern on SOL’s weekly price chart.

Analyst Predicts Solana Price Rally to $4,500, But There’s a Catch
Solana Price Chart

For this chart pattern to be confirmed, Solana needs to overcome the resistance line on the handle and make a weekly close above it. If a breakout occurs, then traders should anticipate a rally to as high as $4,500.

While Ali Charts did not provide a timeline on when this target could be achieved, several factors suggest that it is unlikely to happen in the near term.

Reasons why Solana Price Rally to $4,500 is Unlikely

One of the reasons why a Solana price rally to $4,500 is unlikely in the near term is the fizzling meme coin frenzy on the SOL blockchain that has caused SOL DEX volumes to plummet from $20 billion last week to $6 billion at press time, per data from deFiLlama. If the Solana meme coin frenzy is dying down, it might trigger a bearish trend.

A Solana price surge to $4,500 in the near term is also a stretch because social volumes have died down. Data from Santiment shows that SOL social volumes hit a peak of 2,579 mid this month, but have since plummeted to 165.

Analyst Predicts Solana Price Rally to $4,500, But There’s a Catch
Solana Social Volumes

This decline suggests that there is less chatter regarding Solana, which highlights weak retail interest. Additionally, looking at the previous trends, reduced social volumes have always coincided with a suppressed Solana price performance.

Lastly, the funding rate data from Coinglass shows that futures traders are not anticipating a Solana price rally in the short term, let alone one to $4,500. At press time, the funding rate had flipped negative, which is a bearish outlook as traders open short positions to bet on a price decrease.

Analyst Predicts Solana Price Rally to $4,500, But There’s a Catch
SOL Funding Rate

Solana Short-Term Forecast as SOL Enters Consolidation

After recording a notable uptrend for most of this month, Solana price has entered consolidation, and has been stuck in the range of $145 and $152 for nearly a week. A breakout to the upside will only occur if buyers are willing to scoop more tokens at these prices.

The RSI has crossed above 50, and it is tipping north, highlighting that bullish momentum is beginning to surge. If the RSI continues to rise, traders should anticipate Solana price to make more gains and break out above $152 to aim for the resistance level of $179. However, if the RSI’s uptrend falters and it plunges back below 50, it might spark a bearish breakout from consolidation.

Analyst Predicts Solana Price Rally to $4,500, But There’s a Catch
SOL/USDT: 4-Hour Chart

To sum up, a Solana price rally to $4,500 is not realistic in the near term because of the negative funding rate, declining social volumes and plummeting meme coin activity. These factors have led to SOL trading within a consolidation range, as buyers remain hesitant.

The post Analyst Predicts Solana Price Rally to $4,500, But There’s a Catch appeared first on CoinGape.

Robert Kiyosaki Warns Bitcoin Price Could Hit $200k as US Economy Crumbles

Robert Kiyosaki Warns Bitcoin Price Could Hit $200k as US Economy Crumbles

The author of Rich Dad Poor Dad, Robert Kiyosaki, has long supported Bitcoin (BTC) and why it will help investors get rich. In one of his posts, the famed author and BTC proponent provides his realistic target for Bitcoin price that ranges from $180k to $200k. BTC price trades at $94k today and needs to roughly double from here to reach this target. In another tweet, Kiyosaki explains that the US economy will crash if other countries stop buying US bonds or treasuries. This statement further connects this downfall of the US economy and dollar to the value moving to hard assets, including Gold, Silver and Bitcoin.

Robert Kiyosaki Explains How a US Economic Crash Could Propel BTC Price to $200k

The Rich Dad Poor Dad author Robert Kiyosaki noted in an X post on April 20, 2025, that Bitcoin (BTC) price will go to $180k to $200k. Although BTC was trading at $84k at the time, it has risen more than $10,000 in just nine days, edging closer to its target. While some investors might consider this BTC price target far-fetched, the popular author explained the reason behind his target a few months ago.

On February 27, 2025, Kiyosaki noted that the “US Bonds are a joke.” He added,

“When countries like Japan and China stop buying our bonds….inflation will go through the roof….our economy and the US dollar will crash.”

This forecast from the author is slowly coming true as the US dollar index (DXY) is down 11% in the 100 days. Trump’s tariff war caused major sell-off in the US stock markets. However, China’s stock market is on an uptrend again, and Gold has embarked on one of the best rallies in the past few years. Although Bitcoin lagged, its price has shot up nearly 30% in the past two weeks or so.

If Trump’s tariffs do not come back down, it could trigger a US bond sell-off that could further weaken the US dollar and trigger a widespread sell-off in the stock market. In such a case, Bitcoin, considered as a hard asset and gold 2.0, could enjoy capital inflows and a potential bull run.

So, it is not that hard to imagine a Bitcoin price prediction with a target of $180k or $200k. Investors should note that if the US dollar continues to worsen and big investors start to lose confidence in Fed, it could cause hard assets to explode. In such a case, its not a matter if, but when will Bitcoin head to new highs.

Where’s Bitcoin Heading Next?

Moreover, the spot Bitcoin ETFs have unusually high demand. In just eight days, the 3.5 billion inflows were for BTC from US investors, which adds more value to why buying BTC is a good idea and the worsening condition of US could benefit investors. 

Robert Kiyosaki Warns Bitcoin Price Could Hit $200k as US Economy Crumbles
BTC ETF Netflows

The long-term outlook of Bitcoin remains extremely bullish with Energy Value of BTC price hovering around $130k. Although Bitcoin’s value today is 40% lower, there is a good chance that bulls push this hard asset higher.

The post Robert Kiyosaki Warns Bitcoin Price Could Hit $200k as US Economy Crumbles appeared first on CoinGape.

Will XRP Price Soar After May 1 and June 9? Here’s What to Expect

Will XRP Price Soar After May 1 and June 9? Here’s What to Expect

The XRP price struggles continue with the Ripple vs SEC lawsuit pause, a delay in XRP ETF approval, and amid the ongoing macroeconomic events. A much-needed catalyst is the updates on these three factors. Interestingly, something might be happening on May 1 and June 9, as an expert claims a BlackRock insider advised him to watch these dates. Why? Let’s discuss.

Why Are Experts Eyeing May 1 and June 9 for XRP Price?

April is near its end and has not been entirely favorable for the crypto market’s performance, affecting the XRP price as well. The altcoin had a massive decline to $1.65 before recovering to $2.27. However, this is nowhere near the anticipated targets.

XRP price

Crypto analyst Bale’s X post claims his insider friend at BlackRock has highlighted two key dates, i.e., May 1 and June 9. Although his post did not include any context of what’s happening, the crypto community anticipates it as a potential date for BlackRock’s XRP ETF filing or some similar bullish events, like the end of the Ripple vs SEC lawsuit.

XRP news

Grayscale, Bitwise, and other ETF issuers have already filed for more than 15 XRP ETFs. Teucrium launched a leverage XRP ETF, and CME is set to launch one on May 19, and a few more around the globe.

However, BlackRock has not filed any yet. Some anticipate it as a lack of trust in this digital asset. However, experts anticipate it to be their cautious approach, which might settle this May 1 or June 9.

Blackrock XRP ETF Launch

A fellow investor highlighted that it can be related to the 1 billion Ripple token release from escrow. Notably, these tokens are not released in the market. Instead, they are distributed among crypto exchanges and liquidity providers to provide liquidity.

The remaining ones get sent back to the Ripple, but this dilutes the supply, affecting the Ripple price.

XRP Price Prediction: A Crash is Forming

The Ripple token is at a critical juncture where its next move will decide its trajectory. The XRP price chart shows mixed signals, and so are the experts’ predictions. Pseudo-anonymous crypto analyst Bit Bull claims that the token has already touched the upper trendline resistance and will move downwards next.

His analysis is based on the liquidation data, as it reveals investors are opening more short positions, suggesting XRP may continue to fall.

XRP price prediction

Another analyst points out that the Ripple token is below the bull market support band (the one behind the March rally).  As a result, a potential crash to $1.24 is possible before the upward momentum builds. Interestingly, this level coincided with the 2024 end breakout to $3.4.

However, this is just anticipation considering current conditions. Experts also anticipate different results based on different metrics. Therefore, investors must track XRP’s further move for better insight, especially as May 1 and June 9 are approaching.

The post Will XRP Price Soar After May 1 and June 9? Here’s What to Expect appeared first on CoinGape.

What Does a Crypto Whale’s $43M ETH Move Mean for Ethereum Price?

What Does a Crypto Whale’s $43M ETH Move Mean for Ethereum Price?

Along with the rest of the market, the Ethereum price has experienced a significant recovery over the last few days. The recovery took place under the settling influence of the Donald Trump tariff news on the investors’ sentiments. However, despite that, the token remains far away from being bullish, concerning investors. Recently, the Ethereum crypto whales’ activity has increased; one simply moved $43.2M from exchanges. Why? Let’s discuss that and its potential impact on the ETH price.

Crypto Whale’s $43.2M ETH Move Hints at Building Confidence

According to The Data Nerd Guy, a crypto whale (Cumberland) has moved 23,733 ETH, equivalent to $43.2M on the current Ethereum price. Interestingly, the whale has withdrawn massive ETH holdings from the Coinbase crypto exchange, signaling their rising confidence in the asset as they aren’t selling anymore.

Ethereum whale
The ETH price chart shows a 12% recovery in the last 24 hours, currently trading at $1,823. As a result, whale activity has increased. Lookonchain’s post also highlighted whales’ high activity on this altcoin, with one whale buying 14,994 ETH. However, they soon sold, signaling that fear of volatility is still persistent around its price trajectory.

Bullish or bearish on $ETH?

This whale can’t pick a side on $ETH — buying one minute, selling the next.

He bought 14,994 $ETH($27M) at an average price of $1,801, and just 3 hours later, he sold 4,491 $ETH($8.07M) at an average price of $1,797.

Address:https://t.co/fLSaQPOYjcpic.twitter.com/tgpGBtD99g

— Lookonchain (@lookonchain) April 29, 2025

Ethereum Price Walks on Bullish Track

The technical and on-chain factors reveal a bullish case for Ethereum. Despite earlier declines, the active addresses are rising, hitting a new ATH of 15.4M after a 62.7% surge in a week.

Crypto analyst Blanc points out that the ETH is breaking above the 50-day moving average, with the key support between $1,812 and $1,857. Notably, this is an important sign of recovery, but it’s not confirmed yet.

Ethereum price prediction

Regardless, the long-term outlook is bullish, as it forms the bull flag. If a breakout happens, the Ethereum price could hit $10,000 in the long term. However, in contrast, the weakness still lies in the ETHBTC case.

Although it has improved, it’s still near a multi-year low (0.019). Experts claim that the bottom is close, but unless Ethereum starts outperforming Bitcoin, the bullish momentum is poor.

What’s Next?

Ethereum’s trajectory depends on various key factors, including key resistance and whale activities. Experts’ Ethereum price prediction reveals a potential consolidation soon due to the key resistance between $1,850 and $1,900.

However, as the macro-economic conditions shift, especially Fed interest rate cuts, they anticipate recovery in the next quarter before anticipating ETH price hitting $11k in the long term. However, the Bitcoin price trajectory to $200k needs to form before this.

The post What Does a Crypto Whale’s $43M ETH Move Mean for Ethereum Price? appeared first on CoinGape.

USDC Issuer Circle Approved in Abu Dhabi, Taps Into Middle East Crypto Boom

The post USDC Issuer Circle Approved in Abu Dhabi, Taps Into Middle East Crypto Boom appeared first on Coinpedia Fintech News

Circle’s push into the Middle East just got a major push – with a regulatory thumbs-up from Abu Dhabi that could change the game for stablecoins in the region. 

Circle, the company behind USDC, the world’s second-largest stablecoin, has scored In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)

Here’s putting it in simpler words – Circle’s been given a major go-ahead to operate as a money services provider in the UAE – and it’s one step closer to full licensing.

This gives it a strategic foothold in a region that is moving fast on digital finance, while the majority of the world is still figuring things out. 

Circle Is Going Where the Action Is

This is a calculated expansion – and a very good one.

Let’s be honest: the Middle East, and especially the UAE, has become a magnet for crypto and fintech innovators and it’s not hard to see why. With clear regulations, a forward-looking approach, and a serious appetite for Web3 infrastructure, Abu Dhabi is positioning itself as a launchpad for the next phase of finance and thus, crypto.

“The UAE is paving the way for responsible innovators to build the internet financial system,” said Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle.

The organization wants to build long-term here, in a place where regulation supports growth instead of stifling it. 

It’s also great timing-wise! Just weeks ago, Circle launched a cross-border payments network to expand USDC utility, which now has a circulating supply of $62 billion, up more than 40% in 2025. Let’s also not forget that Circle also quietly filed for a U.S. IPO at the start of this month. The Middle East move fits right into that momentum.

Circle Joins Forces with Hub71

Circle intends to build bridges wherever it can, and is planting deeper roots in Abu Dhabi through a new partnership with Hub71.

Circle will work with Hub71 on programs through ADGM’s digital regulatory sandbox, giving founders access to grants, institutional connections, hackathons, and mentorship. The company will also join Hub71’s Digital Assets specialist ecosystem, contributing its stablecoin expertise to a community of 500+ startups and VC partners.

“Circle’s expertise will enrich our digital assets ecosystem, providing Hub71 founders with greater access to resources, mentorship, and growth opportunities. Through this partnership, we are enabling the adoption of leading digital financial infrastructure that supports startup growth and drives the evolution of Web3 and digital finance from Abu Dhabi.” said Ahmad Ali Alwan, CEO of Hub71.

Stablecoins Are Going Global – And Circle Knows It

Circle was the first major stablecoin issuer to comply with the EU’s MiCA regulations, and just last month, it launched USDC in Japan through a partnership with SBI Holdings.

Why does this matter?

Because according to rwa.xyz data, there are $230 billion in stablecoins now in circulation, and growing fast. This isn’t a niche market anymore. What started as tools for crypto traders is now becoming a real-world alternative for payments, remittances – even better than traditional banks!

By planting a flag in Abu Dhabi, Circle is signaling confidence: that regulation and innovation can grow together, and that the Middle East is ready for its stablecoin era.

The post USDC Issuer Circle Approved in Abu Dhabi, Taps Into Middle East Crypto Boom appeared first on Coinpedia Fintech News
Circle’s push into the Middle East just got a major push – with a regulatory thumbs-up from Abu Dhabi that could change the game for stablecoins in the region.  Circle, the company behind USDC, the world’s second-largest stablecoin, has scored In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market …

Circle Secures UAE Approval to Boost USDC Operations in the Middle East

The post Circle Secures UAE Approval to Boost USDC Operations in the Middle East appeared first on Coinpedia Fintech News

Circle, the company behind the $62 billion USDC stablecoin, has received in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. This approval allows Circle to operate as a money services provider in the UAE, marking a major step in its Middle East expansion. The announcement comes shortly after Circle launched a new payments network to grow USDC adoption. Meanwhile, the firm remains in a quiet period following its IPO filing in the United States.

The post Circle Secures UAE Approval to Boost USDC Operations in the Middle East appeared first on Coinpedia Fintech News
Circle, the company behind the $62 billion USDC stablecoin, has received in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. This approval allows Circle to operate as a money services provider in the UAE, marking a major step in its Middle East expansion. The announcement comes shortly after Circle launched a new payments …