Tagged: circle

Global Fintech Circle to Offer Competitive New Yield Product, Developed on Major Stablecoin USDC

Global Fintech Circle is now providing what it claims to be a “market-leading” Yield product developed on major stablecoin USDC. The new product is currently available for certain clients through an Early Access Program, the Circle team confirmed in a recent blog post. As mentioned… Read More

Circle Secures $440 Million Through Latest Investment Round

  Global fintech Circle announced on Friday it secured $440 million through its latest investment round.  Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, as well as Michael J…. Read More

Circle Appoints Mandeep Walia As New Chief Compliance & Risk Officer

  Global fintech Circle announced on Wednesday it has appointed Mandeep Walia as its new Chief Compliance and Risk Officer. Circle reported that Walia will work with its leadership in helping “harmonize compliance standards” as a part of the company’s broad commitment to ensuring that open… Read More

Circle Partners with FTX Crypto Exchange, Integrates Payment Support Including USDC

Circle has entered into a global partnership with FTX, said to be the world’s fastest-growing crypto exchange. According to Circle, FTX has integrated its APIs and launched fiat and USD Coin (USDC) payments support across  FTX and Blockfolio services. By incorporating Circle API Services FTX… Read More

Circle Says Signature Bank to Hold Billions of Dollars in USD Coin Reserve Deposits

Circle, a Fintech in the stablecoin and payments sector, says it has partnered with Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank to hold billions of dollars in reserve deposits related to USD Coin (USDC). Circle states that the two companies are committed to… Read More

Court Enters Order Authorizing IRS to Serve John Doe Summons on Fintech Circle to Obtain Info on US Taxpayers’ Crypto Transactions

A federal court in the District of Massachusetts recently entered an order that authorizes the US Internal Revenue Service (IRS) to serve a John Doe summons on Circle Internet Financial Inc., “or its predecessors, subsidiaries, divisions, and affiliates, including Poloniex LLC.” According to a release,… Read More

Centre Consortium, Formed by Fintech Circle and Coinbase, Reports USDC Stablecoin Crosses $11B

The Centre Consortium, an entity established by global Fintech firm Circle and Coinbase, reports that the first quarter of this year has been one of “explosive growth” for Centre and for the USDC stablecoin, which is the world’s “most trusted” stablecoin (according to Centre Consortium)…. Read More

Circle Unveils Comprehensive NFT Platform & Marketplace Payments Solution

Global fintech Circle announced on Monday the launch of its new comprehensive payments solution for non-fungible token (NFT) marketplaces and storefronts. According to Circle, the solution enables marketplaces and storefronts to accept credit cards and crypto payments. “Circle’s NFT solution simplifies buying and selling by… Read More

Visa Integrates USDC Stablecoin Connecting Traditional Transfers with Digital Currency in a Historic Move

 Visa (NYSE:V)  is “bridging digital and fiat” currency by integrating the USDC stablecoin. Visa said that by enabling USDC it is creating the ability to one day support Central Bank Digital Currencies (CBDCs). In a blog post, Visa explained that after months of planning the… Read More

Blockchain or DLT based Stellar Network Is Reportedly Settling Transfers for $0.0001 / TX

Ada Vaughan, who focuses on Ecosystem and Marketing Strategy at the Stellar Development Foundation (SDF), notes that in an “increasingly cashless” and global economy, the separations between the different financial systems may lead to friction when you’re operating an international business. If you carry out… Read More

Over Half a Trillion Dollars has Been Transacted with USDC Stablecoin from Global Fintech Circle

Global Fintech firm Circle has revealed that the market capitalization for its stablecoin USDC has now exceeded $10 billion. More than 2 years after introducing the compliant and regulated “digital dollar” stablecoin, growth “continues to accelerate as shifting macroeconomic trends and exploding innovation in digital… Read More

Blockchain based Non-Fungible Tokens or NFT Marketplaces Must be More Accessible and User-Friendly to Achieve Mainstream Adoption

Ali Ahsan writes in a blog post published by global Fintech firm Circle that the Internet started off in 1969 as a government initiative known as ARPANET. As explained by Ahsan, ARPANET was established to allow researchers to share important information with each other. He… Read More

Digital Collectibles: Rachel Mayer from Circle Pay Explains how Company’s Payments and Treasury Infrastructure Supports NFT Marketplaces

Rachel Mayer, VP at CirclePay, notes that as non-fungible tokens (NFTs) rise in popularity, the operators or managers of NFT marketplaces and storefronts will be needing to remove entry barriers for their users. Mayer points out that more consumers in and outside of the crypto… Read More

Global Fintech Circle CEO Jeremy Allaire Confirms there are Now Over $8 Billion in Stablecoin USDC in Circulation

Jeremy Allaire, Co-founder and CEO of Circle, a global Fintech company focused on supporting open Internet platforms, Bitcoin, and other crypto-assets, has confirmed that there’s $8 billion worth of USDC in circulation. 8 Billion USDC in circulation. Dec 1st – 3B, Jan 1st – 4B,… Read More

Fintech Circle Reveals its APIs Now Support ACH Payments and Payouts, Enabling Easy Bank Transfers with USDC Stablecoin

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

Crypto OTC Markets See Up to 3x as Much Volume as Regular Exchanges, “Anecdotal Evidence” Suggests, Fintech Circle Claims

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

Coinbase Developer Explains How USDC Stablecoin, a Multi Billion Dollar Ethereum ERC-20 Token, Was Upgraded

Pete Kim, who has helped build the USDC stablecoin version 2.0 and the Coinbase Wallet, has published an update on upgrading one of the world’s largest digital assets, USDC, which is an (Ethereum) ERC-20 compliant token. Kim explains that USD Coin (USDC) is a stablecoin… Read More

Jeremy Allaire, CEO of Circle, Says Institutional Money, Inflationary Policies Driving Bitcoin Higher

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

Visa Expected to Integrate Circle’s USDC Stablecoin

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

Global Fintech Circle Partners Bolivarian Republic of Venezuela and Airtm to Provide Aid to Nation’s Residents with USDC Stablecoin

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

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