6 / 9 Relevant items tagged with #Circle

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Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify

[Aug 25, 2023 3:30 PM] This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange.

Shopify Customers Can Now Pay In USDC Via Solana Pay

[Aug 23, 2023 2:23 PM] Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.

Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future

[Aug 22, 2023 3:00 AM] In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally…

Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down

[Aug 21, 2023 3:44 PM] Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity.

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

[Aug 21, 2023 2:07 PM] The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.

Circle Strategic Defense: $1 Billion War Chest Shields Against Shrinking Market Share

[Aug 10, 2023 10:00 PM] According to a Bloomberg report, Circle, a prominent player in the stablecoin market, strategically leverages its substantial cash reserves of over $1 billion to weather fresh competition from non-crypto giants like PayPal.  The company’s…

Circle preps $1B war chest to deal with market threats from PayPal and others

[Aug 10, 2023 11:15 AM] Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down.

USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

[Aug 8, 2023 10:30 AM] The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.

Circle Seeks to Make Crypto Payments Easier With New 'Programmable Wallets'

[Aug 8, 2023 6:37 AM] Circle’s Programmable Wallets platform is available now for developers on Ethereum, Avalanche and Polygon, with plans to expand to other blockchain later this year.

Circle CEO: 70% of USDC adoption comes from outside the US

[Aug 7, 2023 10:50 PM] Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.

Stablecoins: A Potential Counter to De-Dollarization

[Aug 3, 2023 7:44 AM] Demand for greenbacks in the global economy is increasingly flowing into permissionless stablecoins, even as domestic policies and foreign efforts like a BRICS-issued currency could erode the U.S. dollar's overall dominance.

Here’s How Crypto Offers A Lifeline For This Bahamian Payment Company

[Jul 25, 2023 9:30 AM] The Latin American region faces high costs and challenges of traditional settlements, as people sending money to their close ones have to deal with high rates of transfer, and a portion of the population still remains unbanked. However, in a recent…

USDC Market Cap Drops As Redemptions Climb To $1.4 Billion

[Jul 17, 2023 7:00 PM] As one of the biggest stablecoins, USDC is one of the major players in the crypto industry. However, the stablecoins have seen better days, as the stablecoin has seen its market cap drop drastically over the past few months. The second-largest…

Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec

[Jul 17, 2023 10:36 AM] Circle’s Patrick Hansen provided an overview of the euro-denominated stablecoin market at EthCC: It all looks rosy, he said.

Circle CEO spells doom scenario for US dollar in warning to Congress

[Jul 13, 2023 7:32 PM] Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar.

Circle To Lay Off Staff And Refocus On Core Activities

[Jul 13, 2023 9:00 AM] Circle, the company behind the USDC stablecoin, has recently laid off a portion of its workforce amid a turbulent year for the digital asset industry. According to the company, the recent layoffs aimed to maintain a strong balance sheet. And by…

Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally

[Jul 12, 2023 11:51 AM] Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday.

China could benefit from yuan stablecoin over its CBDC - Circle CEO

[Jul 11, 2023 5:56 AM] China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency.

Circle Considers Issuing Stablecoin in Japan Under New Rules

[Jul 5, 2023 7:18 PM] The issuer of the USD coin is considering introducing a stablecoin in Japan, under the country's new regulatory framework.

USDC Circulating Supply Down 38% Since Jan. 1 – Will It Affect Price?

[Jul 4, 2023 4:50 AM] USDC experienced a notable decrease in its circulating supply during the weekend, causing ripples of concern within the cryptocurrency market. According to data from CoinGecko, the stablecoin’s circulating supply dwindled by over 2%, falling…

Circle’s Allaire Says Bitcoin ETFs Likely to Be Approved: Bloomberg

[Jun 27, 2023 12:24 AM] Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China.

Circle CEO Jeremy Allaire: ‘Other Governments Are Regulating Digital Dollars Before the US’

[Jun 26, 2023 5:30 AM] Jeremy Allaire, CEO of Circle, the company behind the issuance of usd coin (USDC), has expressed his worries about the state of stablecoin regulation in the U.S. In a congressional hearing, Allaire stated that other governments were already…

Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

[Jun 23, 2023 9:45 AM] According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs, and China-based firm Kanzhun.

Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg

[Jun 23, 2023 8:19 AM] The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.

Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund

[Jun 21, 2023 12:12 PM] Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.

Stablecoin Market Cap Decreases, But Whales Remain Unfazed: Santiment

[Jun 8, 2023 1:00 PM] According to data from leading crypto analytics firm Santiment, a distinct trend has unfolded in the stablecoin sphere. Even as stablecoins designed to maintain parity with a reserve asset like the US dollar, continue to hold their $1 peg, the…

Circle hires former CFTC, US Treasury executive as chief legal officer

[Jun 8, 2023 11:40 AM] Heath Tarbert will serve as the company's chief legal officer and head of corporate affairs, bringing experience with all three branches of government.

Circle Rolls Out Support for USDC Stablecoin on Arbitrum

[Jun 8, 2023 9:34 AM] Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.

Circle is latest recipient of Major Payment Institution license in Singapore

[Jun 7, 2023 2:33 PM] The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com.

USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum

[Jun 2, 2023 5:30 AM] Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle’s disclosure of its euro-pegged…