Tagged: circle

February 23, 2023 @ 12:04 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has added Euro Coin (EUROC) as a stablecoin option to its marketplace. Trading availability will commence on February 27, 2023 – “if liquidity conditions are met.” In a series of Tweets, Coinbase said it was adding support for EUROC with the Experimental label,… Read More

January 12, 2023 @ 11:54 am By JD Alois  |  

Bitso has become the first digital asset exchange to offer Circle’s Euro-based stablecoin, according to a note from the firm. This means customers may now choose to transact in either US dollars or Euros by leveraging Circle’s digital currency. Bitso offers services in various Latin… Read More

January 2, 2023 @ 4:30 pm By JD Alois  |  

Goodbye 2022, and hello 2023. The past year was a tough one for many people – a terrible year for the economy with multi-decade high inflation and interest rates chasing it in an attempt to crush rising prices. All markets were impacted, including public markets,… Read More

January 2, 2023 @ 8:40 am By Omar Faridi  |  

Circle has submitted comments to the Financial Stability Board’s (FSB) proposed framework for the international regulation of crypto-asset activities and the regulation and supervision of “Global Stablecoin” Arrangements. Circle appreciates the critical role that the FSB plays in “promoting international financial stability, particularly in developing… Read More

December 16, 2022 @ 8:07 pm By Omar Faridi  |  

MoneyGram (NASDAQ: MGI) is pleased to support our partners at the Stellar Development Foundation (SDF) on the launch of Stellar Aid Assist, which is described as “a first-of-its-kind blockchain-powered aid disbursement system that delivers relief funds quickly, affordably and efficiently to individuals in crisis.” As… Read More

December 9, 2022 @ 9:25 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the top crypto exchange in the US, has posted a statement telling customers to migrate from Tether – USDT, to USDC – the dollar-based stablecoin issued by Circle. In the post’s headline, Coinbase calls USDC “trusted and reputable,” insinuating that Tether is, well,… Read More

December 5, 2022 @ 9:36 am By JD Alois  |  

Circle, the issuer of dollar-based stablecoin USDC, has terminated the SPAC deal, which would take the company public, according to a release. The SPAC was initially expected to close this month (December). According to the statement, the two parties – Circle and Concord Acquisition Corp… Read More

November 21, 2022 @ 10:06 am By JD Alois  |  

CYBAVO, a Taiwan-based “infrastructure-as-a-service platform” enabling digital asset custody tech and security services to firms like cryptocurrency exchanges, NFT marketplaces, cryptocurrency wallet providers, and Fintech service providers, has been acquired by Circle. The purchase was completed during Q3 2022 but was previously announced this past… Read More

November 16, 2022 @ 8:42 pm By JD Alois  |  

This week, Jeremy Allaire, CEO of Circle – issuer of a leading dollar-based stablecoin USDC, forwarded a letter to Congressional leaders urging action on stablecoin legislation, providing rules for the industry to develop with surety. Following the collapse of FTX and the collateral damage of… Read More

November 15, 2022 @ 4:03 pm By JD Alois  |  

Apple Pay, the very popular digital wallet offering from Apple (NASDAQ:AAPL), is now available via Circle, according to a blog post. Circle stated that eligible businesses who build with Circle can now accept Apple Pay. This includes both in-App payments as well as using a… Read More

November 9, 2022 @ 10:46 am By JD Alois  |  

Jeremy Allaire, the CEO and founder of Circle – the issuer of dollar-based stablecoin USDC, has posted on Twitter his thoughts on the FTX – Binance drama. The rapid collapse of FTX, and the need to beg for a bailout by Binance, has called into… Read More

October 28, 2022 @ 10:06 am By JD Alois  |  

Yesterday it was announced that StartEngine had entered into an agreement to purchase SeedInvest. Following a typical regulatory review, StartEngine will soon own substantially all of SeedInvest’s assets, including its database of registered investors. SeedInvest is currently owned by Circle, which purchased the company in… Read More

October 27, 2022 @ 4:22 pm By JD Alois  |  

As was reported earlier today, StartEngine has acquired SeedInvest, thus combining two of the largest US-based online investment marketplaces. Both platforms offer securities under Reg CF, Reg A+, and Reg D (506c). Both platforms hold a broker-dealer license, and both have been approved to operate… Read More

October 27, 2022 @ 9:36 am By JD Alois  |  

In a seismic shift of consolidation, StartEngine has announced the acquisition of SeedInvest. While exact terms were not immediately available, StartEngine stated that Circle (owner of SeedInvest) will become a minority shareholder of StartEngine. StartEngine is one of the largest investment crowdfunding platforms in the… Read More

October 24, 2022 @ 10:43 am By JD Alois  |  

There has been a lot of initial excitement surrounding the possibility of a digital dollar – a government-issued, central bank digital currency (CBDC).  The enthusiasm is primarily due to certain expectations that a CBDC will be frictionless, a low-cost currency that will help underbanked segments… Read More

October 20, 2022 @ 11:23 am By JD Alois  |  

In a move to support the adoption of USDC, the Circle issued dollar-based stablecoin, Coinbase (NASDAQ:COIN) has waived commission fees when buying or selling USDC via any fiat currency on Coinbase, “from AUD to ZAR.” USDC is the second largest stablecoin by market cap after… Read More

October 11, 2022 @ 9:45 am By JD Alois  |  

Payments Fintech Wirex says it has launched USDC (USD Coin) on the Stellar blockchain within its App. USDC is a dollar-based stablecoin issued by Circle and one of the most popular stablecoins in the world. Circle’s USDC assets are held in US financial institutions and… Read More

October 1, 2022 @ 2:17 pm By Omar Faridi  |  

On stage at Converge22, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement “includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of… Read More

September 21, 2022 @ 9:31 pm By JD Alois  |  

FV Bank, a digital/digital asset bank, has integrated USDC, Circle’s dollar-based stablecoin. The new service enables account holders the ability to instantly convert USDC into US dollars at the moment of deposit. FV Bank is a US-licensed bank based in Puerto Rico where it is… Read More

September 6, 2022 @ 12:18 pm By JD Alois  |  

Binance has cut loose competing stablecoins including USDC, USDP (Paxos), and TUSD (TrueUSD). USDC, issued by Circle is the second largest dollar-based stablecoin after USDT (Tether) and may receive the brunt of the change. In a corporate statement, Binance said it would “auto-convert” these stablecoins… Read More