Self-custody meets KYC: Tangem launches Visa payments with Paera

Circle has expressed its support for the implementation of the GENIUS Act, emphasizing the need for simple and strong regulations in the stablecoin sector. This is significant as the US Treasury Department is currently gathering feedback on the bill, which aims to provide a clearer framework for stablecoins. Such regulations could enhance market stability and foster innovation in the cryptocurrency space.

Circle has made a significant update to its USDC policy, now allowing the use of its stablecoin for firearm purchases. This change, announced on November 5, reverses a previous ban and reflects a growing trend of integrating cryptocurrency into various sectors. It matters because it opens new avenues for transactions in the firearms industry, potentially increasing the adoption of digital currencies in everyday purchases.

Tangem is making waves in the cryptocurrency world with the launch of Tangem Pay, a virtual Visa card designed to simplify stablecoin payments globally. This innovative solution will first be available to users in the US by the end of November, with plans to expand to Latin America, Asia, and Europe in subsequent phases. This rollout is significant as it enhances accessibility to digital currencies, making transactions easier for users around the world.

Gemini has launched XRP perpetual contracts for traders in the EU, allowing for up to 100x leverage and settlement in USDC. This move is significant as it enhances liquidity and price discovery for XRP, potentially attracting more market makers and tightening spreads. With the introduction of these derivatives, we could see increased hedging and funding strategies that may lead to a rotation among altcoins, boosting overall on-chain activity. Additionally, the presale of Best Wallet Token, which has already raised $16.8 million, highlights the growing interest in top altcoins during this period.

Tangem has launched Tangem Pay, a new service that allows users to spend onchain USDC using a virtual Visa card while maintaining control over their assets. This innovation is significant as it bridges the gap between self-custody and everyday spending, making it easier for people to use cryptocurrency in their daily lives without compromising security.

Circle has updated its policy to allow users to purchase certain weapons using USDC, as long as these transactions comply with applicable laws. This change is significant as it opens up new avenues for cryptocurrency use, but it also raises questions about the implications of using digital currencies for such purchases.