6 / 9 Relevant items tagged with #Circle

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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…

Circle to launch ‘official version’ of USDC natively on Arbitrum

[Jun 1, 2023 10:42 AM] USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network.

USDC Issuer Circle Has Ditched All U.S. Treasuries From $24B Reserve Fund Amid Debt Ceiling Showdown

[May 31, 2023 12:40 PM] tk

USDT market share jumps amid economic uncertainty, USDC shrinks

[May 28, 2023 11:39 AM] Over the past year, Circle's USD Coin has seen its market share decline from 34.88% to 23.05%. Tether's USDT shows a contrasting picture.

Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain

[May 25, 2023 9:30 PM] On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are…

Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest

[May 21, 2023 9:16 AM] Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern.

Stablecoin issuers have spent over $1.3M lobbying Congress since 2022

[May 18, 2023 11:54 PM] Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins.

Blockchain developers launch $50M fund to increase Wormhole adoption

[May 18, 2023 11:04 AM] Wormhole is a cross-chain messaging protocol often used to transfer assets from one blockchain to another.

USDC Issuer Circle Moves $8.7B to Repo Agreements to Protect Reserves From U.S. Government Default

[May 17, 2023 1:52 PM] Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.

Circle reportedly adjusts USDC reserves to avoid US default risk

[May 10, 2023 11:35 PM] The world’s second-largest stablecoin issuer wants to reduce its exposure to potential US debt defaults.

Tether has $1.5B in Bitcoin reserves: BDO Italia

[May 10, 2023 2:30 PM] The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.

Avalanche Remains Under Pressure Despite Circle’s CCTP Effort

[Apr 27, 2023 12:00 PM] The native currency of Avalanche, AVAX, remains under pressure despite Circle’s effort to launch a facility that will enable the direct transfer of USDC between Ethereum and Avalanche blockchains.  Avalanche (AVAX) Is Down 18% From April 2023…

Circle Unveils New Method for Moving USDC Between Blockchains

[Apr 26, 2023 10:39 AM] The cross-chain transfer protocol seeks to improve liquidity of the major crypto payments rail.

USDC Stablecoin Strengthened by U.S. Banking Crisis in March, Circle CEO Says

[Apr 26, 2023 9:25 AM] The stablecoin has upgraded its market infrastructure after losing its peg during the crisis.

Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

[Apr 26, 2023 7:00 AM] The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.

Circle CEO blames US crypto crackdown for declining USDC market cap

[Apr 26, 2023 2:28 AM] The market cap of USDC, a stablecoin issued by Circle, has reduced nearly by half over the past six months following a regulatory crackdown and banking crisis.

NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access

[Apr 25, 2023 6:10 PM] Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.