Crypto Biz: Binance Fiat Troubles, Coinbase-Circle Realignment, and Shopify’s USDC Integration
This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, and Shopify’s acceptance of USDC payments. Binance faces issues with fiat withdrawals in Europe due to SEPA transfer problems, while Binance.US partners with MoonPay to use Tether (USDT) as its new ‘base asset.’ Coinbase and Circle shut down the Centre Consortium to comply with stablecoin regulations, with Coinbase taking an equity stake in Circle. Shopify introduces Solana Pay for crypto transactions, starting with USD Coin (USDC). Additionally, China launches a blockchain-powered data exchange involving over 300 enterprises.
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