Tagged: circle

October 4, 2021 @ 9:37 am By JD Alois  |  

The US Federal Reserve is poised to publish a report on the possibility of a central bank digital currency or CBDC. The concept has been bandied about by central bankers for several years now as policymakers seek to assess the benefits, and potential pitfalls, of… 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

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

August 9, 2021 @ 5:00 pm By JD Alois  |  

Stablecoin creator and payments rails operator Circle says it intends on becoming “a full-reserve national commercial bank.” In a blog post, Circle founder and CEO Jeremy Allaire expanded on their mission to become a federally chartered bank. Allaire stated: “We are embarking on this journey alongside the… Read More

August 4, 2021 @ 9:19 pm By JD Alois  |  

Circle, creator of dollar-based stablecoin USDC, has partnered with blockchain domain name provider Unstoppable Domains to offer easily readable usernames for stablecoin payments. Circle, which recently raised $440 million notes that USDC is the world’s fastest-growing dollar digital currency with a market cap of more… Read More

July 26, 2021 @ 9:49 am By JD Alois  |  

Tether, the largest stablecoin by market cap, is said to be a target of a criminal investigation in the US. According to a report in Bloomberg, the US Department of Justice is investigating whether, or not, executives committed bank fraud. Rumblings have long swirled around… Read More

July 19, 2021 @ 6:14 pm By Omar Faridi  |  

The team at global Fintech Circle, which will go public in a $4.5 billion SPAC deal, notes that the promise of decentralized finance (DeFi) is to transform or fundamentally improve financial services by offering greater transparency, security, and community governance by leveraging blockchain or distributed… Read More

July 8, 2021 @ 5:19 pm By JD Alois  |  

Circle, a digital asset firm that has gone big into stablecoins and services, will become a publicly traded firm in a SPAC deal. Circle is the principal operator of the dollar based stablecoin USD Coin (USDC). Of interest is the fact that Circle also owns… Read More

June 28, 2021 @ 12:03 pm By Omar Faridi  |  

Crypto.com revealed on Monday (June 28, 2021) that they are teaming up with global Fintech firm Circle, in order to offer USD deposits and withdrawals to more than 30 different countries. Crypto.com clients may now transfer USD from their bank accounts and get USD Coin… Read More

June 28, 2021 @ 8:27 am By JD Alois  |  

Gibraltar Finance, the business development arm of HM Government of Gibraltar, is partnering with NFT Vision Hack, to encourage creative solutions to the NFT [non-fungible token] sector.  The global hackathon takes place from July 3 to August 30, 2021. Gibraltar has long sought to position… Read More

June 12, 2021 @ 10:06 am By Omar Faridi  |  

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

May 28, 2021 @ 4:47 pm By Samantha Hurst  |  

  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

May 19, 2021 @ 3:00 pm By Samantha Hurst  |  

  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

May 14, 2021 @ 12:55 pm By JD Alois  |  

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

April 19, 2021 @ 1:51 pm By JD Alois  |  

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

April 6, 2021 @ 9:17 pm By Omar Faridi  |  

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