Newscasts - Crypto Weekly: Binance's plans in Greece, Revolut's UK crypto token

Circle Internet

26/02/2026 11:00

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Source: 'Reuters - Business videos'

Description: Binance has been seeking a regulatory home in Europe and Britain's Revolut is to start testing a crypto token pegged to the British pound. Ciara Lee reports on the crypto stories making headlines this week.

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Video Transcript:

From Binance betting on a home in Greece to Revolut trialing a crypto token pegged to the British Pound, this is Crypto Weekly. Binance has been seeking a regulatory home in Europe, and its Co芒聙聭CEO Richard Teng has said Greece's labor force and security profile gave it the edge over larger financial centers. The world's biggest cryptocurrency exchange holds about $44 billion worth of bitcoin in its customer wallets and last month applied to Greece to operate in the EU under the trading bloc's Markets in Crypto芒聙聭Assets Regulation scheme. Crypto companies must obtain the license by July this year. Circle has surpassed Wall Street expectations for fourth芒聙聭quarter revenue as income from reserves got a boost from a rise in circulation of its stablecoin token. It sent its shares up nearly 30%. Circle's primary stablecoin is seeing a surge in adoption due to favorable regulations such as the GENIUS Act. It was signed into law by President Donald Trump last year to establish a federal framework for Dollar芒聙聭pegged stablecoins. Circulation of USDC rose 72% from a year earlier to $75.3 billion in the quarter. Britain's Revolut will start testing a crypto token pegged to the British Pound. It's in a trial with three small companies, but no big high芒聙聭street lenders. The Financial Conduct Authority said the trial will take place as part of the regulator's sandbox program, a trial with controlled conditions. Britain's larger financial firms have generally been more cautious in their approach to stablecoins.