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Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster blockchain-based corporate payments. Hyundai Card plans Europe trials with Visa and Circle for local currency stablecoin transfers. Hyundai Card has completed a stablecoin-based cross-border payment test between Hyundai Motor subsidiaries […]
The post Hyundai Card Tests Stablecoin Payments in Global Automotive Shift appeared first on Live Bitcoin News.
The post Gauntlet Raises $125M Series C From SBI Holdings appeared on BitcoinEthereumNews.com.
SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure. Gauntlet, a DeFi risk management and vault curation firm with $1.42 billion in assets under advisement, closed a $125 million Series C funding round with SBI Holdings, the Japanese financial conglomerate, as the sole investor, Gauntlet said on X Thursday. The firm, founded by chief executive Tarun Chitra, said the capital will fund “building our infrastructure across traditional capital markets, expanding stablecoin coverage, and accelerating new onchain offerings.” Gauntlet said it aims to provide “quantitative guardrails” as institutions move capital onchain. Gauntlet was last valued at $1 billion in 2022, when it raised roughly $24 million in a Series B round. Gauntlet did not disclose a post-money valuation for the Series C
SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure.
The post Gauntlet Bags $125M From SBI to Supercharge Stablecoins and Institutional On-Chain Finance appeared on BitcoinEthereumNews.com.
Key Takeaways: In a Series C financing round, Gauntlet raised $125 million under the leadership of SBI Holdings. The funding will grow stablecoin infrastructure and new on-chain products. The transaction is a sign of institutional interest in regulated crypto solutions. Institutional capital continues flowing into blockchain infrastructure rather than speculative assets alone. The latest funding round for Gauntlet is emblematic of a major financial firm’s faith in the tech to enable tokenized finance and stablecoin adoption. Gauntlet Raises $125 Million to Scale On-Chain Services Digital asset risk and optimization firm Gauntlet has capped a Series C round with $125 million from SBI Holdings via its U.S. arm. With the capital, the company will bolster the infrastructure, continue to expand stablecoin support, and speed up new on-chain products for in
The post Circle Faces Criminal Contempt as USDC Recovery Order Sparks Legal Fight appeared on BitcoinEthereumNews.com.
The post Circle Faces Criminal Contempt as USDC Recovery Order Sparks Legal Fight appeared first on Coinpedia Fintech News As crypto scams continue draining millions from victims, law enforcement agencies are increasingly leaning on stablecoin issuers to help freeze stolen funds before they disappear. Now, that growing dependence has landed Circle in the middle of an unusual legal battle after Wisconsin prosecutors accused the company of refusing to comply with the court order aimed … Source: https://coinpedia.org/news/circle-faces-criminal-contempt-as-usdc-recovery-order-sparks-legal-fight/
The post Circle’s refusal to ‘burn and reissue’ stolen USDC angers prosecutors, report appeared on BitcoinEthereumNews.com.
Prosecutors in Wisconsin and New York are growing frustrated with stablecoin giant Circle after it repeatedly ignored law enforcement requests and court orders trying to recover stolen funds. The International Consortium of Investigative Journalists (ICIJ) detailed how the firm is facing criminal complaints and referrals to Congress over its inability to take action when asked to help recover funds. Milwaukee County Police Detective Scott Simons told the ICIJ that he’s seen over a dozen cases where Circle has either refused law enforcement requests to freeze victim funds, or where court orders weren’t obtained quickly enough to stop the flow of crypto. The report details how the loss of $400,000 by one pig-butchering victim in Wisconsin led to state prosecutors filing a criminal complaint against Circle in April. Prosecutors claimed that the firm did intentional
The post Circle Faces Criminal Complaint Over USDC Seizure. appeared on BitcoinEthereumNews.com.
Circle faces a Wisconsin complaint over refusing a court-ordered USDC recovery action. Prosecutors say stablecoin issuers face growing pressure to support scam investigations. The case may reshape how crypto firms handle frozen assets and victim claims. Circle faces a criminal complaint in Wisconsin after prosecutors accused the stablecoin issuer of refusing to comply with a court order seeking recovery of stolen USDC funds. The case highlights growing tensions between crypto firms and law enforcement over scam-related asset seizures. Circle Faces Legal Pressure Over Stolen USDC Recovery Circle Internet Financial is facing legal scrutiny after Wisconsin prosecutors filed a misdemeanor criminal complaint against the company. According to a report, authorities allege Circle failed to follow a warrant connected to a cryptocurrency scam victim’s stolen funds. The dispute began after a Walworth
The post Hyundai Card Completes Stablecoin Cross-Border Payment Pilot appeared on BitcoinEthereumNews.com.
Hyundai Card completed a proof of concept for stablecoin-based cross-border transfers. The transaction took place between Hyundai’s US and Mexico units in just seven minutes. The pilot used a 20K USDT transfer and included Tether, Avalanche, and Axiym as partners. Hyundai Card has completed a proof of concept (PoC) for stablecoin-based cross-border transfers with Hyundai Motor America (HMA) and Hyundai Motor Mexico (HMM), marking one of the first real corporate settlement tests by a major industrial group using blockchain-based payments. The first trial involved Hyundai Motor America converting $20,000 into USDT, sending the funds to Hyundai Motor Mexico, which then converted the stablecoins back into US dollars. The entire transfer, including settlement verification, took an average of seven minutes. Hyundai Card said a comparable bank-to-bank international transfer normally re
