Nexo adds “Dual Mode” credit and debit capabilities to the Nexo Card

Nexo has introduced Dual Mode functionality to the Nexo Card, giving clients the flexibility to switch between credit and debit modes at will.

Stablecoin issuer Circle launches Euro Coin on Avalanche

USDC issuer Circle launched its Euro-backed stablecoin, Euro Coin, on the Avalanche blockchain.

Coinbase adds support for Euro Coin on Ethereum Network

Coinbase will add support for Euro Coin on ERC-20 token, and trading in supported regions starts on or after 9 AM PT on February 27. Also, support for EUROC will be added using the Experimental asset label.

Binance CEO says crypto industry may switch to non-USD stablecoins

Changpeng Zhao claimed that the pressure from regulators may shrink the USD stablecoin market and cause the crypto industry to switch to non-USD stablecoins.

Binance to temporarily halt USD bank transfers

Binance will suspend US Dollar deposits and withdrawals starting February 8. The exchange has not revealed the reason behind the suspension.