Browsing Tag
Circle
237 posts
USDC’s market cap falls, CEO points to regulatory crackdown
Circle CEO Jeremy Allaire attributes the drastic drop in USDC’s market capitalization to the United States regulators’ intensified…
Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain.
Fed may block Circle from accessing liquidity
Circle, the issuer of USD Coin, may be deemed “ineligible” for access to the Federal Reserve’s money market…
US draft bill on stablecoins places issuers like Tether under the Federal Reserve oversight
A new draft bill that provides a stablecoin framework in the United States will see private issuers such…
US politicians Warren and Ocasio-Cortez probe Circle, BlockFi on SVB relationship
Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are questioning some of the largest depositors of the now-fallen Silicon…
USDT market cap surges, while USDC and BUSD record massive declines
Tether USD (USDT), the largest stablecoin by market capitalization, is witnessing an impressive surge in its valuation, having…
Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble
The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in…
First Citizens Bank set to complete SVB takeover
The US Federal Deposit Insurance Corporation (FDIC) facilitates a purchase and assumption agreement between SVB and First Citizens…
Hacker hijacks Circle CSO’s Twitter account
Circle’s CSO account has been hijacked according to a statement from the firm. This comes after many fraudulent…
Circle applies for French license as it doubles down on Europe
Circle, issuer of USDC and EUROC, applies for regulatory approvals in France to expand operations in Europe, becoming…