Archives

April 18, 2022 @ 1:27 am By Omar Faridi  |  

Three years ahead of the 2025 deadline for completion, Banking Circle has reportedly  “adopted the ISO20022 messaging standard.” A single common format for all financial communications, ISO20022 “allows participants and systems in different markets to communicate in a consistent message format, using agreed terminology.” Laust… Read More

April 12, 2022 @ 9:53 pm By JD Alois  |  

Circle, the second largest stablecoin issuer in the world (USDC), has raised more money. The $400 million investment was backed by BlackRock,  Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle said in a public statement that the round would close in Q2…. Read More

March 21, 2022 @ 10:16 am By JD Alois  |  

Circle, a digital asset platform that powers a leading dollar-based stablecoin, USDC, has reported an information breach via a third-party service provider – Hubspot. According to an email distributed by Circle, HubSpot has “confirmed that an unauthorized bad actor accessed certain client data from several… Read More

January 31, 2022 @ 9:54 am By JD Alois  |  

Circle has announced support for USDC on the Flow network. Flow is -a Web3 platform originally created by Dapper Labs, that includes an ecosystem of NFT projects including NBA Top Shot, BALLERZ, Matrix World, and others. USDC is the second-largest stablecoin by market cap in… Read More

January 17, 2022 @ 10:29 am By JD Alois  |  

Towards the end of 2021, Amazon UK distributed an email to its customers stating it would stop accepting Visa cards for purchases beginning January 19, 2022. Today, it is being widely reported that Amazon has backed away from that decision. According to AP, Amazon has… Read More

January 12, 2022 @ 12:05 pm By JD Alois  |  

Chairman of the Federal Reserve Jerome Powell spent much of yesterday testifying in front of the US Senate Banking Committee as part of his nomination process. It is anticipated that Powell will easily be approved by the Committee as well as the full Senate for… Read More

December 23, 2021 @ 12:06 pm By JD Alois  |  

Earlier this month, the US Senate Banking Committee held a hearing on stablecoins that involved advocates and those who believe they are bad. The short hearing saw witnesses grilled with the Democrats generally dismissive and the Republicans in support of digital assets tied to fiat… Read More

December 16, 2021 @ 6:08 pm By JD Alois  |  

Following the House Financial Services Committee hearing on cryptocurrency last week, the Senate Banking Committee held a related hearing to discuss the stablecoin market. Entitled Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?, the Senate Banking Committee had a single… Read More

December 8, 2021 @ 10:07 pm By JD Alois  |  

Earlier today (December 8, 2021), the House Financial Services Committee held a hearing on digital assets. As was previously reported, the witnesses included top crypto executives and thus provided the opportunity for a unique discussion between House members and crypto entrepreneurs. Chairwoman of the Committee,… Read More

November 23, 2021 @ 9:16 am By JD Alois  |  

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

November 18, 2021 @ 3:51 pm By JD Alois  |  

Bitso, a top crypto platform in Latin America that reports over 3.3 million users, has launched “Bitso Shift,” a service that allows Mexican people and companies to send and receive payments between Mexico and the United States. According to Bitso, Bitso Shift is targeting Mexican… Read More

November 2, 2021 @ 10:52 am By JD Alois  |  

This is a first. Jeremy Allaire, CEO and co-founder of Circle, the issuer of the USDC stablecoin, has joined with his teammates to do a crypto rap. The performance available on YouTube, was done in celebration of USDC topping $20 billion in market cap. While… Read More

October 18, 2021 @ 11:04 am By JD Alois  |  

Circle, a stablecoin issuer and aspiring banking platform, is now supported on the Hedera Hashgraph network, according to a note from the company. USDC is a dollar-based stablecoin with over $30 billion in circulation that is widely utilized for payments in the crypto ecosystem. Hedera… Read More

October 3, 2021 @ 3:10 pm By Omar Faridi  |  

Centre, the consortium that has been established by global Fintech Circle and digital assets firm Coinbase (COIN: Nasdaq) to offer standards and governance for USD Coin (USDC), which has become one of the  fastest-growing “digital dollar” currencies, reveals that recent MIT Digital Credentials Architect Kim… Read More

September 28, 2021 @ 9:52 am By JD Alois  |  

Jeremy Allaire, CEO and founder of Circle – a top stablecoin issuer and owner of investment crowdfunding platform SeedInvest, has sent a tweet out defending securities crowdfunding and more specifically SeedInvest. In response to a statement by noted VC Paul Graham, Allaire said returns generated… Read More

September 24, 2021 @ 10:37 am By JD Alois  |  

Jeremy Allaire, CEO and founder of Circle – a leading stablecoin provider that seeks to provide global payment rails for the future, has criticized China’s decision to ban cryptocurrency. In a series of Tweets, Allaire said that China “opposes the Western system of values built… Read More

September 23, 2021 @ 3:14 pm By Tony Zerucha  |  

Fintech firm Circle, a company providing payments and financial infrastructure for internet businesses, has integrated with Plaid, a data network powering the digital financial ecosystem. The integration simplifies the process of connecting bank accounts and accepting ACH payments because Plaid enables quicker account verification, the… Read More

September 20, 2021 @ 11:40 am By Omar Faridi  |  

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… Read More

August 26, 2021 @ 6:13 pm By Tony Zerucha  |  

Financial services company AID:Tech, which provides federal relief distribution services, will soon be leveraging the power of payment solutions from Circle, a global financial technology firm that provides internet-native payments and treasury infrastructure.  Utilizing USD Coin (USDC) and leveraging Circle’s payment rails, AID:Tech’s platform provides… Read More

August 20, 2021 @ 11:39 am By JD Alois  |  

Circle is a Fintech that is best known for its dollar-based stablecoin, USDC, that has grown rapidly in recent months. Today, USDC is the second most popular stablecoin following Tether, with a market cap of over $27 billion. While about half the size of Tether… Read More