Archives

January 30, 2021 @ 2:58 pm By Omar Faridi  |  

Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

January 22, 2021 @ 4:22 pm By Omar Faridi  |  

Global Fintech firm Circle notes that in the cryptocurrency over-the-counter (OTC) market, professional market participants are able to carry out large trades in a private manner and with “minimal price slippage,” which is why institutional clients are now “flocking” towards crypto OTC trading desks. Although… Read More

December 28, 2020 @ 10:49 am By JD Alois  |  

Circle CEO Jeremy Allaire discussed the recent rise of Bitcoin as well as the growing interest in digital assets on CNBC this morning. Allaire said that institutional money and the debasement of fiat currency, as well as sovereign debt, are pushing the world’s most popular… Read More

December 3, 2020 @ 9:06 am By JD Alois  |  

Later today, Circle is hosting a live podcast that involves Circle CEO Jeremy Allaire and Visa Head of Crypto, Cuy Sheffield. The discussion will cover the new partnership between Circle and Visa (NYSE:V) that will involve the incorporation of the dollar backed stablecoin USDC. Circle… Read More

November 22, 2020 @ 11:48 am By Omar Faridi  |  

Global Fintech firm Circle has teamed up with the Bolivarian Republic of Venezuela and Airtm in order to provide aid to Venezuelan residents using the USDC stablecoin. According to a release, the initiative has been introduced with government support and notably marks “a global first”… Read More

September 21, 2020 @ 4:39 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC), part of the US Department of Treasury, has issued an interpretive letter pertaining to banks and federal savings entities pertaining to “certain stablecoins.” Stablecoins are digital currencies that are based on a fiat currency or specific… Read More

September 9, 2020 @ 5:37 pm By JD Alois  |  

The Centre Consortium has announced that USD Coin or USDC is now using Algorand – the second major blockchain after Ethereum to offer native support for the stablecoin. The Centre Consortium was founded by Circle and Coinbase – the creators of USDC which was announced… Read More

August 7, 2020 @ 1:53 pm By Samantha Hurst  |  

Global digital asset financial service company BCB Group announced on Thursday it has formed a partnership with U.S. fintech Circle. BCB reported that it will be implementing the full range of Circle platform functionality to improve the speed, efficiency, and cost of client payments as… Read More

August 4, 2020 @ 11:09 am By JD Alois  |  

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

July 30, 2020 @ 10:21 am By Samantha Hurst  |  

Global fintech Circle announced on Thursday it has joined forces with digital asset prime brokerage firm Genesis to accelerate the adoption and acceptance of digital dollar stablecoins in mainstream finance. According to Circle and Genesis, the partnership includes a $25 million investment of capital into Circle… Read More

July 9, 2020 @ 8:32 am By Omar Faridi  |  

An Ethereum address, for the very first time, with 100,000 USDC stablecoin was recently blacklisted. The transaction, which may be viewed via Etherscan, an Ethereum (ETH) blockchain explorer, confirms that a “blacklist(address investor)” function was initiated on June 16, 2020, by 0x5dB0115f3B72d19cEa34dD697cf412Ff86dc7E1b, which is an… Read More

June 25, 2020 @ 11:10 pm By Omar Faridi  |  

Jeremy Allaire, founder of Circle Internet Financial, a peer to peer payments technology firm, has said that in the future, when we look back at how transactions were conducted, we “won’t believe that we ever needed to pay to send money.” San Francisco-based crypto exchange… Read More

June 24, 2020 @ 8:00 am By JD Alois  |  

The Algorand Foundation and Circle have partnered to bring a stablecoin, USD Coin (USDC) using the Algorand blockchain. The implementation is scheduled for Q3. The move was described as a shift away for Ethereum and its congested network and affiliated high fees and performance limitations…. Read More

March 20, 2020 @ 8:21 am By Omar Faridi  |  

The circulating supply for Circle and Coinbase’s stablecoin, called USD Coin (USDC), has increased considerably since the beginning of this month. USDC’s market cap has jumped by about $200 million since March 1, 2020. The US dollar-pegged USDC stablecoin’s market cap presently stands at over… Read More

February 13, 2020 @ 5:50 am By Omar Faridi  |  

Circle Internet Financial is reportedly looking for a buyer for SeedInvest, its crowdfunding division, as the Boston-headquartered crypto firm aims to focus more on its stablecoin business, according to the Block. This is notably Circle’s latest downsizing move, which began in 2019 when the firm… Read More

January 7, 2020 @ 8:06 pm By Cali Haan  |  

US cryptocurrency exchange Kraken will enable trading of Circle’s USD-proxy cryptographic stablecoin, USDC, starting January 8th. Kraken says it will enable deposits and withdrawals of USDC at 14:30 UTC on January 8. “The first trades will start shortly after funding is enabled as sell orders… Read More

December 27, 2019 @ 10:13 am By Samantha Hurst  |  

Digital asset ecosystem company Circle is planning to focus its efforts on stablecoins globally, dollars on public blockchains (USDC) specifically, in the upcoming year. Circle reported that its 2020 product roadmap sees this “focus” emerging first in the form of new global payment, custody, and… Read More

December 17, 2019 @ 10:20 pm By Cali Haan  |  

The OTC division of San Francisco’s Kraken cryptocurrency exchange has announced it is acquiring prominent crypto start up Circle’s “Circle Trade” OTC division. “Today, we’re excited to announce that Kraken is acquiring one of the most recognized OTC desks in crypto, Circle Trade,” Kraken states… Read More

November 25, 2019 @ 4:48 pm By Cali Haan  |  

Poloniex, a “cryptoasset” exchange acquired by Circle in early 2018 and “spun out” by them in October, has asked all US-based customers to cease depositing and trading and to withdraw their funds. The platform has been closed to US customers since November 1st and is now… Read More

October 18, 2019 @ 3:48 pm By Samantha Hurst  |  

Circle announced on Friday that its internal group, Poloniex, will be “spinning out” from Circle to become a new independent international company called Polo Digital Assets, Ltd. According to Circle, the spin-out, which is back by an undisclosed Asian investment group, will bring significant resources… Read More