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Arbiter achieves gasless USDC transactions on Arbitrum by paying user fees on the backend. The system integrates Circle's Cross-Chain Transfer Protocol to let users move USDC across multiple chains without needing native gas tokens.
Jason Calacanis praises Donald Trump's strategy to require stablecoin issuers like Tether and Circle to back their tokens dollar-for-dollar with US Treasuries. This strategy allows Treasury Secretary Scott Bessent to phase out 30-year papers and issue high-velocity 90-day T-bills.
FASB initiated a comment period to classify compliant stablecoins as cash equivalents on corporate balance sheets. Under the proposed rule, companies must hold stablecoins directly with issuers like Circle or Paxos that back assets with cash or Treasuries.
Elon Musk's social media platform X is exploring stablecoin payouts, such as Circle's USDC, to pay creators under its new rewards program. Musk's SpaceX already utilizes stablecoins to collect cross-border payments for its Starlink satellite internet service.
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