9 / 9 Relevant items tagged with #Circle

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FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

[Feb 24, 2023 12:00 PM] The Atlanta, Georgia-based bank joined the Federal Reserve System in 1947 and is classified as a minority-owned depository institution.

SEC is not the appropriate regulator for stablecoins: Circle CEO

[Feb 23, 2023 9:20 PM] Circle boss Jeremy Allaire maintains that "payment stablecoins" are payment systems, not securities.

Bitcoin single-day price surge linked to billions in USDC inflows

[Feb 16, 2023 2:57 AM] Bitcoin proponents called it the start of another bull run, while a few other analysts believe it’s a bear trap.

Breaking: Circle squashes rumors of planned SEC enforcement action

[Feb 14, 2023 4:27 PM] Rumors swirled on Twitter that the stablecoin issuer received a litigation notice from the U.S. securities regulator but a Circle executive rebuffed the claim.

Circle blew the whistle on Binance reserves to NYDFS: Report

[Feb 13, 2023 3:55 PM] The company's complaint to the New York regulator reportedly came before the SEC's lawsuit against Paxos over BUSD and NYDFS ordering the firm to "cease minting" the stablecoin.

Here’s Why The Stablecoin And Binance FUD Might Be Overblown

[Feb 13, 2023 7:15 AM] Binance CEO Changpeng Zhao (“CZ”) has commented on Twitter about the Department of Financial Services’ (NYDFS) directive to Paxos Trust Co. to stop minting new BUSD. As reported by the Wall Street Journal today, Paxos will…

Key takeaways from Circle’s $44.5B USDC reserve report

[Jan 30, 2023 1:59 AM] Circle has released its reserve report for December 2022, highlighting overcollateralized asset holdings currently backing 44.5 billion USDC tokens in circulation.

Binance stablecoin BUSD sees a sharp market cap drop amid solvency and mismanagement worries

[Jan 26, 2023 2:18 PM] Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.

Inside the World Economic Forum: Circle, Ripple reflect on Davos 2023

[Jan 26, 2023 8:10 AM] A handful of cryptocurrency industry players who took part in workshops at the World Economic Forum Annual Meeting paint a picture of increased collaboration within the space in 2023.

MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault

[Jan 25, 2023 1:00 PM] In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s USD Coin (USDC) in a Yearn Finance…

Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin

[Jan 16, 2023 4:30 AM] A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would…

World Economic Forum Believes Crypto Will Remain Key Technology

[Jan 4, 2023 3:30 AM] The World Economic Forum (WEF) has reviewed what happened in 2022 in crypto, making several predictions about the future of the ecosystem. Dante Disparte, CSO of Circle, in an article published for the WEF, states that while 2022 has been a…

Crypto technology will shift towards 'steadier hands' in 2023: Circle CSO

[Jan 2, 2023 8:26 PM] Turmoil in the crypto sector in 2022 will see the tech change hands to "more regulated and established institutions," said Circle's chief strategy officer.

What is USD Coin (USDC), fiat-backed stablecoin explained

[Dec 30, 2022 8:56 AM] USDC is a U.S. dollar-backed stablecoin issued by Circle and Coinbase to combat the price swings of the highly volatile cryptocurrency market.

Stablecoin settlements can surpass all major card networks in 2023: Data

[Dec 22, 2022 4:44 AM] While on-chain stablecoins settlements are growing rapidly, many people pointed out that comparing stablecoin settlements to Visa transactions is not fair as they represent two different things.

Coinbase takes a shot at Tether, encourages users to switch to USDC

[Dec 9, 2022 4:04 AM] Coinbase’s request comes just a couple of months after Binance ceased support for USDC.

Drones, Fertility, and Defi — A Look at Alameda Research’s Massive $5.4 Billion Portfolio of Investments

[Dec 8, 2022 9:30 AM] Over the last few weeks, there’s been a lot of information revealed surrounding the recent FTX and Alameda Research disaster. On Dec. 6, the Financial Times (FT) published documentation that shows Alameda’s investment portfolio, which alleges the…

USDC issuer Circle terminates SPAC merger with Concord

[Dec 5, 2022 8:30 AM] The deal previously valued Circle at $4.5 billion in July 2021 before an upwards revision to $9 billion in February 2022.

Don’t Forget the Importance of Censorship Resistance

[Nov 28, 2022 11:30 PM] Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer…

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

[Nov 28, 2022 9:00 AM] During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its…

Tether vs. USD Coin on-chain data reveals two very different stablecoins

[Nov 23, 2022 9:28 AM] The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.

Major stablecoins destabilized as market volatility and redemptions surge

[Nov 10, 2022 10:24 PM] Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.