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Circle pulls plug on USDC in major Tron exodus

Circle

Circle, a prominent crypto firm, has recently announced its decision to cease support for the USD Coin (USDC) stablecoin on the Tron blockchain. This strategic pivot marks a significant shift in Circle’s operations and underscores important considerations within the crypto industry.  The move to halt USDC minting on Tron comes amidst risk management concerns and […]

Argentina leads Latin America in stablecoin adoption during financial instability

Argentina

Argentina has emerged as the leading nation in Latin America for the purchase and holding of stablecoins, with a significant preference for Tether (USDT) and Circle’s USD Coin (USDC) over the past six months. Argentine citizens are holding stable coins as a hedge against the country’s ongoing economic instability and the depreciating value of the […]

Circle’s USDC makes debut on Celo Blockchain, boosting global convertibility

Circle

The Celo Foundation recently announced that Circle’s USD Coin (USDC) will launch natively on the Celo blockchain. This move is expected to enhance the functionality of USDC and extend its convertibility into various fiat currencies. With a current market cap of $26.5 billion, USDC stands as the second-largest stablecoin in the market, following Tether’s lead […]

Chainlink integrates with Circle’s protocol for enhanced USDC transfer

Chainlink integrates with Circle’s protocol for enhanced USDC transfer

Chainlink, a decentralized oracle network, has announced its integration with Circle’s cross-chain transfer protocol (CCTP). This collaboration is set to bolster the movement of the USDC stablecoin across various blockchains, marking a notable advancement in blockchain interoperability and stablecoin utility. Enhancing cross-chain functionality Chainlink’s integration with Circle’s CCTP aims to facilitate the seamless transfer of […]

Stablecoin issuer Circle announces its confidential filing of a U.S. IPO

Circle

Circle Internet Financial, a prominent player in the cryptocurrency space, has announced its confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This strategic move marks a significant milestone for the company, known for issuing the USDC stablecoin, as it aims to navigate the recovering cryptocurrency market and […]

Crypto giants flex muscles in D.C. with massive political donations

Crypto

The political landscape of Washington D.C. is witnessing an unprecedented surge in influence from the crypto industry. Major players like Coinbase, stablecoin giant Circle, and a16z, the crypto-focused arm of Andreessen Horowitz, are channeling significant funds into shaping pro-crypto legislation and influencing key political figures. Alongside them are high-profile venture capitalists and digital asset investors, […]

France gives thumbs up to Coinbase and Circle – What’s next?

France and Coinbase-Circle

In a significant stride for the cryptocurrency sector, France has given the green light to prominent crypto players Coinbase and Circle, indicating a forward-thinking approach to digital assets. The French markets regulator’s approval of Coinbase as a virtual asset service provider (VASP) and Circle’s conditional registration as a Digital Asset Service Provider (DASP) signifies a […]

Circle launches EURC stablecoin on the Solana network

Circle

Circle, a prominent player in the stablecoin market, has recently announced the launch of its EURC stablecoin on the Solana blockchain. This strategic move will significantly enhance the utility of peer-to-peer transfers and transactions within European remittance corridors. Solana, recognized for its high-speed and cost-efficient transaction capabilities, presents an ideal platform for the EURC, which […]

Circle to grow its USDC stablecoin in MENA region

Circle partners with UAE Fuze to expand USDC stablecoin market share in MENA

USDC stablecoin issuer Circle, based out of the USA, has been facing regulatory scrutiny in its home base, pushing it to look outside and develop partnerships with entities such as Fuze Finance in the UAE,to grow its USDC stablecoin market share in MENA region. Circle’s expansion plans Circle which argued with the USA SEC that […]

CfA Highlights Concerns Over Circle’s Operations and Ties to TRON

CfA Highlights Concerns Over Circle’s Operations and Ties to TRON

Campaign for Accountability (CfA) sent a letter to U.S. Senators Sherrod Brown and Elizabeth Warren addressing Circle Chief Strategy Officer Dante Disparte’s response to CfA’s previous concerns about the company’s operations.  CfA, a nonpartisan, nonprofit watchdog organization, initially raised concerns over Circle’s USDC stablecoin, its integration with the Asian blockchain network TRON, and TRON’s founder, […]

Circle and Nubank unite for USDC crypto integration

Circle

In a significant move towards cryptocurrency adoption, Nubank, the Brazilian neobanking unicorn, has partnered with Circle, the issuer of the USDC stablecoin. This collaboration is set to bring enhanced crypto services to Nubank’s extensive customer base in Brazil. Nubank, Circle boost Brazil’s crypto access Nubank is taking a major leap in its crypto journey by […]

Circle responds to allegations of terrorist financing and connections with Justin Sun

Circle responds to allegations of terrorist financing and connections with Justin Sun

Digital currency company Circle has firmly denied allegations that it has been involved in funding terrorist organizations. In a recent communication with U.S. Senators Sherrod Brown and Elizabeth Warren, Circle’s Chief Strategy Officer Dante Disparte addressed concerns raised by the Campaign for Accountability. The watchdog group had claimed in a 13-page letter that Circle is […]

Circle introduces ‘bridged USDC standard’ to enhance network deployments

Circle

Circle, the company behind the widely used USDC stablecoin, announced the launch of a new ‘Bridged USDC Standard’. This initiative revealed in a recent blog post, aims to streamline the deployment of USDC across various blockchain networks, marking a notable advancement in the token’s accessibility and functionality. Simplifying stablecoin deployment The newly introduced standard addresses […]

Circle unveils zero-Fee USDC minting hub in Singapore

Circle

The digital currency company Circle recently unveiled Circle Mint in Singapore, a groundbreaking zero-fee minting facility for its USDC stablecoin. This strategic move, aimed at strengthening Circle’s foothold in the burgeoning Asian market, marks a significant step in the company’s efforts to counterbalance the declining popularity of the USDC stablecoin. On November 14th, Circle announced […]

Circle weighs its option for IPO next year – A close look

circle

As the digital currency landscape evolves, Circle, the force behind the USDC stablecoin, eyes an assertive move towards a 2024 Initial Public Offering (IPO), testing the waters of public sentiment once more after a thwarted attempt. Circle’s aspirations to transition from a private powerhouse to a publicly-traded behemoth underscore the convergence of traditional financial avenues […]

Circle to terminate consumer accounts amid strategic overhaul

Circle

Circle, a significant stablecoin issuer, has declared that it will cease operations for all consumer-based private accounts effective November 30. The announcement, disclosed through email notifications to individual account holders, follows a strategic review by the company that has culminated in the decision to phase out what it calls “legacy consumer accounts.” Business and institutional […]

Circle and BitoGroup innovate Taiwan’s loyalty points

USDC Stablecoin Expands to Polkadot Ecosystem,

A prominent stablecoin issuer, Circle has entered a strategic alliance with Taiwan’s top cryptocurrency service provider, BitoGroup, and the renowned convenience store chain, Taiwan FamilyMart. This move aims to revolutionize the use of loyalty points, enhancing their utility and facilitating a seamless transition into the digital economy for Taiwanese consumers. The collaboration introduces an innovative […]

Court acknowledges Circle’s amicus brief in Binance case

Circle

In a recent development, Judge Amy Berman Jackson of the Columbian District Court has acted decisively ahead of an essential hearing in the SEC vs. Binance saga. She has addressed several lingering motions in the case against Binance, the prominent crypto exchange, brought forth by the United States Securities and Exchange Commission (SEC). Significantly, among […]

Coins.ph and Circle join forces to revolutionize remittance in the Philippines

Circle

To promote USDC-denominated remittances in the Philippines, local fintech entity Coins.ph has forged a strategic alliance with Circle, the creator of the USDC stablecoin. The agenda behind this partnership is to cultivate a broader adoption of cryptocurrency remittances via the stablecoin among the 18 million Filipinos utilizing Coins.ph. The Philippines currently ranks as the fourth […]

Circle integrates into Polygon PoS to roll out USDC tokens

Circle integrates into Polygon PoS to roll out USDC tokens

In a remarkable stride towards enhancing transaction fluidity, USDC, managed by stablecoin issuer Circle, has now been natively integrated into Polygon PoS, negating the need for bridging. This integration ushers in a new era where developers and users can effortlessly access USDC liquidity on Polygon’s Proof-of-Stake (PoS) blockchain, famed for its fast and cost-effective network. […]

Stellar network welcomes EURC, aiming for Euro parity and stability

Circle and the Stellar Development Foundation (SDF) have unveiled the European Reserve Currency (EURC) on the Stellar network. This initiative mirrors the objectives of its precursor, the USDC, striving for parity with the Euro and maintaining a backing by tangible reserves. Each EURC coin is meticulously anchored to a fixed amount of euros, providing a […]

Circle and NEAR Foundation team up to expand USDC stablecoin

JasperArt 2023 09 15 23.43.17 upscaled

The recent partnership between Circle, the issuer of the USDC stablecoin, and the NEAR Foundation offers a compelling snapshot of the rapidly evolving crypto landscape. By introducing native USDC stablecoins on the NEAR blockchain, this alliance effectively ushers in a new era of financial flexibility. This development expands USDC’s availability across thirteen blockchain ecosystems, fostering […]

OKX and Circle introduce USDC features on OKX Wallet and DEX aggregator

In a significant development that marks a new milestone in the Web3 landscape, global Web3 technology company OKX and fintech firm Circle Internet Financial (Circle) have jointly introduced innovative USDC features on the OKX Wallet and the OKX DEX aggregator. The collaboration aims to enhance the user experience by offering zero network fee transactions and […]

USD Coin officially expands ecosystem with native launch on Base and Optimism networks

USDC Stablecoin Expands to Polkadot Ecosystem,

In a strategic move to bolster its market presence, USD Coin (USDC) has launched natively on both the Base and Optimism networks. The announcement came on September 5, marking a significant milestone for Circle, the company behind USDC, seeking to regain market share lost to competitors like Tether (USDT). A leap toward seamless transactions The […]

USDC debuts on Base network: Circle CEO

USDC Stablecoin Expands to Polkadot Ecosystem,

Major shifts are on the horizon for USDC users and the Base network. An announcement from Circle’s CEO, Jeremy Allaire, revealed that their renowned stablecoin, USD Coin (USDC), will soon make its native appearance on the Base network. This move promises to simplify transactions and replace the workaround coin most have been using, marking yet […]

Coinbase acquires stake in Circle, ushering in a new era for USDC stablecoin

Coinbase, one of the leading crypto exchanges, has officially acquired an equity stake in Circle, the issuer of the USDC stablecoin. The acquisition was announced in a joint press release by both companies. However, the agreement between Coinbase and Circle marks a significant shift in the governance and operations of USDC. Circle will remain the […]

Circle CEO’s revelation: 70% of USDC adoption surges beyond US borders

jeremy allaire believes bitcoin and ethereum are overvalued

Jeremy Allaire, the CEO, and co-founder of Circle, has challenged prevailing assumptions about USDC adoption trends, revealing that most usage occurs outside the United States. Contrary to common belief, the fastest-growing economies in Asia, Latin America, and Africa are proving particularly receptive to the stablecoin. This trend highlights a significant market demand for a reliable […]

Circle CEO Allaire: stablecoins hold key to China’s currency internationalization

Crypto and media industry face similar challenges Circle CEO

In a recent interview with the South China Morning Post, Circle CEO Jeremy Allaire proposed an innovative solution to help China achieve its goal of internationalizing the Chinese Yuan (CNY). Allaire suggested that the Chinese government consider allowing Chinese Yuan-backed stablecoins, emphasizing their potential to expand the currency’s usage in global trade and business. While […]

Circle looking to issue stablecoin in Japan under new stablecoin law

Circle looking to issue stablecoin in Japan under new stablecoin law

Circle, the issuer of  stablecoin USDC, has announced that it is considering issuing a stablecoin in Japan. In an interview with CoinDesk Japan, Jeremy Allaire, the Circle CEO, mentioned that Japan will grow into a substantial market if stablecoins are widely used in international transactions and global commerce. The bullish statement comes after Japan’s announcement […]

Circle welcomes former Goldman Sachs executive Craig Broderick to board of directors

circle

In a strategic move to enhance risk management and strengthen regulatory compliance, Circle Internet Financial, the issuer of the USDC stablecoin, has announced the appointment of Craig Broderick, a former executive at Goldman Sachs, to its board of directors. Broderick, renowned for his distinguished career spanning over three decades at Goldman Sachs, notably serving as […]

USDC issuer Circle secures Major Payment Institution (MPI) license in Singapore

circle

Circle Singapore, an affiliate of Circle Internet Financial, has announced the successful acquisition of its Major Payment Institution (MPI) license for digital payment token services in Singapore. The Monetary Authority of Singapore (MAS) granted the license, allowing Circle Singapore to provide various financial services, including digital payment token services and cross-border and domestic money transfers […]

Circle unveils EUROC stablecoin on Avalanche

circle

In a revolutionary development poised to make transactions swifter and more effective, Circle, the prominent stablecoin issuer, has announced the introduction of Euro Coin (EUROC) on the high-performance Avalanche platform. This innovative move represents the latest addition to Circle’s multi-chain strategy for the EUROC. Expanding the scope of EUROC The launch is set to increase […]

Circle shuns long-term Treasurys amid U.S. debt default concerns

https://www.cryptopolitan.com/tether-earned-1-5-billion-in-net-profit-in-q1-2023-details/

Circle, the company responsible for issuing the USDC stablecoin, has decided to avoid holding U.S. Treasury bonds that mature beyond early June. The decision stems from concerns that the U.S. government might default on its debt if politicians fail to agree on raising the debt ceiling. In an interview with Politico, Circle CEO Jeremy Allaire […]

Crypto giants abandon U.S. market for MENA

U.S.

Crypto giants, including Coinbase, Circle, and Bittrex, are increasingly turning their attention away from the U.S. market and toward the Middle East and North Africa (MENA) region, with the United Arab Emirates (UAE) emerging as a favored destination. The ongoing exodus of these major players from the U.S. is attributed to regulatory challenges and an […]

Circle’s revolutionary cross-chain USDC transfer protocol goes live

Circle launches cross chain USDC transfer protocol for Ethereum

Circle, the company behind the US Dollar Coin (USDC), has announced the launch of its mainnet protocol that enables users to seamlessly transfer USDC between Ethereum and Avalanche. This revolutionary Cross-Chain Transfer Protocol (CCTP) eliminates the need for USDC bridges, simplifying transactions and enhancing security for users. A solution to fragmentation The new CCTP aims […]

Circle CEO is blaming the United States for USDC’s woes

Circle CEO blames US crypto crackdown for declining USDC market

Circle CEO Jeremy Allaire has attributed the declining market capitalization of USD Coin (USDC) to increased regulatory scrutiny in the United States. Amid the recent collapse of the FTX exchange, a banking crisis, and USDC’s temporary depegging, Allaire expressed concerns about the US banking system and regulatory environment during an interview with Bloomberg TV. Investor […]

Circle’s access to NY Fed’s reserve repurchase program at risk due to new rules

https://www.cryptopolitan.com/tether-earned-1-5-billion-in-net-profit-in-q1-2023-details/

The Federal Reserve Bank of New York (NY Fed) has recently made changes to its counterparty criteria for its reverse repurchase program (RRP), which could potentially prevent Circle, a stablecoin issuer, from accessing the sought-after facility. According to a NY Fed press release, funds registered as “2a-7 funds” with the Securities and Exchange Commission (SEC) […]

Fortune’s Crypto 40 ranking reveals the brightest companies of the year

Fortune

Fortune, a well-respected business publication, has released its inaugural Crypto 40 ranking, revealing the brightest and most promising companies in the crypto industry. The list recognizes companies that have withstood the test of time and are built to last for decades, even amid the industry’s most challenging periods. The Crypto 40 comprises eight categories, each […]

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