7 / 9 Relevant items tagged with #Circle

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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.

Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB

[Apr 11, 2023 3:54 PM] Sen. Elizabeth Warren (D-Mass.) and Congresswoman Alexandria Ocasio-Cortez (D-New York) want to know why crypto companies, like bankrupt crypto lender BlockFi and stablecoin issuer Circle, banked at now-collapsed Silicon Valley Bank.

Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble

[Apr 6, 2023 9:28 AM] The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in demand for stablecoins.

USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble

[Apr 5, 2023 11:51 AM] The stablecoin offers greater transparency than competitors like Tether, but, unfortunately, that proved of little value as it was de-pegged during the recent banking crisis, says JP Koning.

Stress test? What Biden’s bank bailout means for stablecoins

[Apr 2, 2023 8:13 AM] A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance.

USDC Market Cap Dips By $10 Billion In 2 Weeks – Here’s Why

[Apr 2, 2023 8:02 AM] USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors have continued to withdraw their assets from the stablecoin despite assurances from issuer Circle about its…

Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin

[Mar 30, 2023 5:13 PM] USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.

First Mover Americas: Investors Dig Risk Again

[Mar 30, 2023 6:32 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for March 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High

[Mar 29, 2023 3:44 PM] Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation.

Circle prefers reserves and payment rails with the Fed, says exec

[Mar 29, 2023 4:25 AM] Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis.

Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain

[Mar 28, 2023 11:30 PM] According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give…

MakerDAO Maintains Trust In USDC Despite Depeg Debacle

[Mar 25, 2023 10:15 PM] MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.  Although USDC experienced a temporary depeg earlier this month, an…

Banking turmoil pushes crypto to ‘no oversight,’ says Circle CEO

[Mar 23, 2023 7:40 AM] Crypto firms who have had the strongest position with U.S. regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated.

Circle CSO's Twitter account breached by scammers

[Mar 22, 2023 7:42 AM] "Any links to offers are scams. We are investigating the situation and taking action accordingly," wrote USDC issuer Circle.

Circle Seeks to Register in France, Ramping Up European Play

[Mar 21, 2023 4:30 AM] The stablecoin issuer wants to expand European operations and prepare for new reserve requirements under the EU’s MiCA law.

DeFi sees its biggest hack in 2023 as Euler loses $197M: Finance Redefined

[Mar 17, 2023 2:20 PM] DeFi suffered its biggest attack this year with a flash loan attack on crypto lending platform Euler Finance and the hackers are belived to be same that exploited a BSC based protocol in February.