Circle

Imagine building a company from a $15 million initial coin offering to an impressive $60 billion empire. That’s exactly what Changpeng “CZ” Zhao has done with Binance since he founded the crypto exchange in 2017 before resigning on Nov. 21 as part of a settlement with the United States Department ...

Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a two-phase process. In the first phase, the thi ...

Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator.The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto co ...

Nonprofit ethics group Campaign for Accountability (CfA) sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown on Nov. 9 to present them with information on the alleged use of cryptocurrency in money laundering. The letter discussed the Tron blockchain and stablecoin issuer Circle in ...

USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg.A Nov. 7 Bloomberg report citing people with knowledge of the matter said the stablecoin issuer is talking to its advisers about the move but there’s no certainty the ...

The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC).The high level of anticipation has even caused the Chicago Merc ...

Stablecoin issuer Circle will close out consumer or individual accounts on November 30, according to emails received by Circle customers on October 31. In an email to Cointelegraph, the stablecoin issuer confirmed that it is closing the accounts but confirmed that business and institutional &ldqu ...

The United States-based stablecoin issuer Circle has reported a partnership with Taiwan’s second-largest convenience store chain, FamilyMart, and a local crypto exchange, BitoGroup. According to the company’s press release from Oct. 26, it will deliver a new ‘Points-to-Crypto’ service on the ...

Ether (ETH) price surged by 31.3% from March 10 to March 18, coinciding with the U.S. Federal Reserve's injection of $300 billion to address the insolvency of Silicon Valley Bank.. Since then, Ether’s price consistently maintained a daily closing price above $1,600. However, investors ...

Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks, allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made USDC transfers to Base available, according to a Sept. 5 social media post. Circle claim ...

Fintech company Circle announced a partnership with Mercado Libre to bring the USDC stabelcoin to Mercado Pago on Aug. 29. 1/ The largest fintech in LATAM, @mercadopago ...

Circle’s United States dollar stablecoin, USDC, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will replace the current US Dollar Base Coin (USDbC) that most users rely on as a substitute. ...

Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong have issued a joint statement to change the USDC stablecoin governance scheme. As part of the new agreement, Coinbase is acquiring a stake in Circle, which in turn will take over the issuance and management of USDC. The Center consorti ...

USD Coin (USDC) issuer Circle has released a beta version of a multiparty computation (MPC) wallet service, according to an Aug. 8 announcement. The new service will allow developers of decentralized finance (DeFi) apps, Web3 video games, e-commerce services and other blockchain applications to c ...

Circle CEO Jeremy Allaire estimates as much as 70% of USD Coin (USDC) adoption comes from countries outside of the United States.On Aug. 8 tweet to his 131,300 followers on X (Twitter), Allaire said the high rate of non-U.S. adoption was “despite the hype that we're all about the US, ...

Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.In a July 31 investment note seen by Cointelegraph, Berenberg analyst Mark Palmer explained that a recent ...

The future is bright for euro-denominated stablecoins, according to Patrick Hansen, European Union strategy and policy director at Circle. The United States dollar may preserve its first-mover advantage, but euro stablecoins will see increasing real-world use cases emerge to lift them above thei ...

The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.On July 13, Jeremy Allaire appeared in a two-minute video by Circle, the issuer of USD Coin (USDC), targeted at lawmakers. ...

Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the collapsed crypto-friendly Silicon Valley Bank (SVB) in March.According to a June 23 report from Bloomberg, the Federal Deposit Insurance Corporation (FDIC) provided document ...

Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs will be filled by Heath Tarbert, a top attorney with a background in all three branches of the United States government. ...

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.An M ...

Circle recently announced plans for a June 8 launch of a new native version of its USD Coin stablecoin on the Arbitrum network.1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling or read the blog t ...

The world's largest cryptocurrency exchange Binance announced that it, along with Tether, Circle, and other unnamed companies, is going to expand support for stablcoins. "To improve user security, Binance has reached out to other market players, including ...

Circle announced that its Euro Coin Stablecoin (EUROC), pegged to the euro, is supported by the Avalanche ecosystem. This will allow any transactions with EUROC between the Avalanche and Etherium networks. EUROC Stablecoin appeared ...

This is the second network for Euro Stablecoin The coin is being integrated by several top applications on Avalanche Circle has released a version of Euro Coin Stablecoin (EUROC) on the Avalanche network. ...

Stablecoin issuers, including Tether and Circle, have spent more than $1.3 million lobbying for cryptocurrency legislation in the United States since the beginning of 2022. Stablecoins have recently become the focus of U.S. lawmakers trying to develop a regulatory framework ...

This highly liquid position serves to protect reserves The deal involves major banks, including Goldman Sachs Circle has rebalanced the USDC token collateral again. The Black Rock Fund, which manages the asset reserves, has entered into several repurchase transac ...

The island state offers clear and precise rules And the prime minister has become a frequent visitor to crypto forums The island of Bermuda is well on its way to becoming the new center of the crypto business. This island nation has been developing an offshore in ...

Circle, the issuer of the popular USDC steblecoin, is going to reduce the percentage of U.S. dollars in token collateral as the country may default due to rising national debt. Circle CEO Jeremy Allaire told Politico that the company will focus more on short-term U.S. Tre ...

Firm CEO Jeremy Allaire said He said Circle has completely eliminated all long-term U.S. Treasury obligations If Republicans and Democrats in Congress do not agree on the debt ceiling, a technical default will come June 1 Circle has gotten rid of all ...

UK Finance Ministry shuts down gathering of views on cryptocurrency regulations Some major counterparties including a16z, Binance and Circle responded Government warns against repeating US mistakes and calls for "broader thinking" Late last month, Apr ...

Circle, the issuer of the USDC stablecoin, has secured a replacement for Signature Bank's Signet platform, according to CEO Jeremy Allair. The service was used by USDC holders to transfer funds between fiat currencies and cryptocurrencies around the clock. However, it was closed in mid-March d ...

According to the CEO of Circle, the decline in USDC's market capitalization can be attributed to the banking crisis and regulatory issues in the US crypto industry. Currently, USDC is the second largest stablecoin by market capitalization, with Tether (USDT) taking the top spot. In the summer ...

CCTP allows USDC to move between Ethereum and Avalanche blockchains Many protocols have already committed to using CCTP in the future Circle, the stabelcoin issuer of USDC, has launched the crosschain protocol CCTP, which allows users to transfer USDC between Eth ...

Circle CEO Dante Disparte believes so He said the market needs a Dodd-Frank Act analogue Circle Chief Compliance and CSO Dante Disparte has high hopes for this year. He is confident that we are in for a "breakthrough time" in legislation. And countries will be ...

Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...

The leader of development for Circle in the European market has denounced the British banking industry's rejection of cryptocurrency companies, arguing that it infringes on the rights of regular customers. Speaking at the Citi Symposium on Digital Assets, Teana Baker-Taylor claimed that the UK ba ...

Circle, the issuer of the USDC stablecoin, has announced a reduction in the number of USDC in circulation. In the past week, Circle issued 500 million USDC while withdrawing 2.6 billion USDC from circulation, resulting in a $2.1 billion reduction in supply. As of March 17, there were still $34 ...

Xapo, a leading cryptocurrency custodial service and licensed bank, has joined forces with Circle to offer support for the USDC stablecoin and facilitate payments using it. This partnership is expected to result in the creation of a payment infrastructure similar to the SWIFT interbank transfer s ...

According to data from the analytical platform CryptoCompare, users are actively redeeming USD Coin (USDC) to Circle, with a total of $6 billion worth of stablecoins exchanged for fiat. Although Circle, the issuer of USDC, claims to fulfill all withdrawal requests promptly, representatives from t ...

Circle, the issuer of stablecoins, has taken a significant step towards expanding its business in Europe. The Boston-based company has applied for two licenses from French regulators, which, if approved, would allow Circle to offer its products to customers in France. Specifically, Circle has ...

Moody's analysts have expressed concern that the recent drop in the value of the USDC stablecoin to $0.89 may have far-reaching implications for the adoption of all stable cryptocurrencies and lead to increased regulation. The US banking sector has been hit by a major crisis that has resulted in ...

According to Circle, the creator of the USDC stablecoin, users redeemed a total of $3 billion worth of USDC between March 13 and March 15. In response, Circle bought back $3.8 billion worth of USDC and issued $800 million worth of stablecoins since Monday morning. The stablecoin experienced a ...

Circle, the company behind the popular USDC stablecoin, is urging the US Congress to take swift action in creating regulatory guidelines for stablecoins. Dante Disparte, the director of strategic development at Circle, emphasized that despite constant discussion about the risks associated with st ...

Bloomberg reports that on March 13, investors withdrew nearly $1.74 billion from USDC, according to data from the Nansen analytical platform. This represents more than 2% of the stablecoin's total working capital. The outflow occurred after USDC lost its peg to the US dollar last week due to Circ ...

Nansen, a blockchain research platform, has recently reported that the USDC stablecoin has undergone significant changes after burning almost $3 billion worth of tokens, causing the coin to rise back to its previous value of $0.97. The reason behind the sudden dip in the value of USDC was attribu ...

USDC Circle, the stablecoin issuer, has denied the claims made by a Fox Business journalist that it had received an official warning from the US Securities and Exchange Commission (SEC) regarding possible enforcement action against it. The journalist had alleged that the SEC was cracking down on ...

Coinbase, the largest American crypto exchange, has announced the phased launch of trading pairs in conjunction with the euro-backed stablecoin EUROC. Starting from February 22, users of the platform can conduct trading operations with Euro Coin, with the EUROC-USD and EUROC-EUR trading pairs to ...