Tagged: circle

June 20, 2022 @ 12:43 pm By JD Alois  |  

Circle, the issuer of dollar-based stablecoin USDC, has published a blog post, authored by COO Elisabeth Carpenter, touting its resilience during a challenging period in the crypto markets. As certain platforms fumble or shutter redemptions, Circle is giving the all-clear sign stating that it continues… Read More

June 17, 2022 @ 8:36 am By Omar Faridi  |  

Circle Internet Financial, a global internet finance firm and issuer of USD Coin (USDC), announced that it is preparing “to issue a fully-reserved, euro-pegged stablecoin from the United States called Euro Coin (EUROC).” Available June 30, Euro Coin is “a regulated, euro-backed stablecoin issued under… Read More

June 13, 2022 @ 3:47 pm By Omar Faridi  |  

Coinme, a cryptocurrency cash exchange in the U.S., and Circle, a global internet finance firm and the issuer of USD Coin (USDC), recently announced at Consensus 2022 a strategic collaboration “to integrate USDC into Coinme’s global cash onramp and offramp ecosystem.” The integration “promotes financial… Read More

June 13, 2022 @ 11:45 am By Omar Faridi  |  

MoneyGram, which claims to be an international “leader” in the evolution of digital P2P payments, and the Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of Stellar, an open-source public blockchain that allows money to be tokenized and transferred globally,… Read More

June 11, 2022 @ 2:03 pm By Omar Faridi  |  

Circle has announced that they have signed agreements to acquire CYBAVO, which is a “breakthrough” crypto tech firm. Established in 2018, CYBAVO claims that it is a pioneer in core crypto security, custody, operations, and blockchain infrastructure platform services, “providing services to leading firms across… Read More

June 8, 2022 @ 2:09 pm By JD Alois  |  

The New York State Department of Financial Services (DFS) has announced new guidance on dollar-based stablecoins which are issued by firms regulated by the DFS. The guidance does not apply to USD-backed stablecoins listed, but not issued, by DFS-regulated entities. Superintendent Adrienne A. Harris commented… Read More

May 19, 2022 @ 10:00 am By JD Alois  |  

As TerraUSD (UST), an algorithmic stablecoin imploded going to zero, reserve-based stablecoins rushed to stem the tide of concerns about contagion. Tether (USDT), the largest stablecoin in the market, has been hit with collateral damage due to the failure of UST. At the beginning of… Read More

May 13, 2022 @ 10:23 am By JD Alois  |  

The collapse of TerraUSD (UST), an attempt to create an algorithmic stablecoin, and the demise of LUNA has captured the attention of the entire crypto-sphere. Going from billions to almost nothing is a spectacular event. Inevitably there is a pile on of “I told you… Read More

May 12, 2022 @ 8:51 am By JD Alois  |  

Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle’s dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day. Flight to quality. — Jeremy Allaire (@jerallaire) May… Read More

May 8, 2022 @ 11:24 pm By Omar Faridi  |  

Bittrex, a U.S.-headquartered virtual currency exchange, recently announced that it has added support for USD Coin (USDC) to its list of crypto trading pairs.” Traders will now have the ability “to trade against USDC along with other quote currencies currently available on the Bittrex exchange.”… Read More

April 26, 2022 @ 8:08 pm By JD Alois  |  

As was noted last week, this past January the Securities and Exchange Commission (SEC) proposed amendments to the Exchange Act and the definition of an Exchange as well as Regulation ATS (Alternative Trading System). While described in relatively benign terms, the language of the proposed… Read More

April 26, 2022 @ 12:11 pm By JD Alois  |  

In recognition of the 10-year anniversary of the signing of the JOBS Act of 2012 – the legislation that legalized online capital formation, SeedInvest and parent company Circle have announced a Community Pitch Competition. The goal is to provide access to capital, networking, and business-building… Read More

April 25, 2022 @ 4:25 pm By JD Alois  |  

Stripe, the global payments platform, is partnering with Twitter to enable payments with cryptocurrency. In a blog post on Friday, Stripe said they are introducing crypto payouts for Connect. Stripe Connect is a set of programmable APIs and tools that allow a user to build… Read More

April 24, 2022 @ 5:52 pm By JD Alois  |  

This week, the Securities and Exchange Commission (SEC), Division of Enforcement, requested an extension pertaining to the disgorgement of funds affiliated with Poloniex. To go back in time a bit, Poloniex is one of the few crypto exchanges that the SEC has targeted with an… 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

April 8, 2022 @ 11:35 am By JD Alois  |  

Acting Comptroller of the Currency, Michael J. Hsu, has shared his thoughts on stablecoins and how they should be regulated. As the Biden Administration has messaged its intent to review digital assets as well as central bank digital currencies (CBDCs) and stablecoins, the most pressing… Read More

March 31, 2022 @ 6:49 pm By Tony Zerucha  |  

Centre, a consortium founded by Circle Internet Financial and Coinbase to serve as a network governing and standard-setting body for blockchain-based financial services, has added Polygon, a leading full-stack scaling solution for the Ethereum blockchain, and Credix, the institutional private credit marketplace on Solana, to its list… 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

February 12, 2022 @ 11:03 am By JD Alois  |  

Chronicle, a “digital collectibles marketplace,” has announced a secondary marketplace, auctions, and crypto integrations. Simultaneously, Chronical has announced that it will enable payments from USDC, the dollar-based stablecoin issued by Circle. Launched last year, the NFT platform targets a global market that offers “authenticated” digital… 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