Tagged: jeremy allaire

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

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

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

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

OCC Issues Interpretive Letter on Banks and Stablecoins, SEC Comments on its Position Regarding Digital Assets

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

USDC Now on Algorand Bringing “Major Scalability and Performance Improvements”

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

Former Treasury Secretary Lawrence Summers Joins Circle CEO Jeremy Allaire to Discuss Current Global Economic Landscape & Recent Shifts in Monetary Policy/Central Banking Based on the Economic Crisis Caused By COVID-19

On Thursday, former Treasury Secretary, Lawrence Summers, sat down with Circle CEO Jeremy Allaire on YouTube Live for a special edition of The Money Movement, a weekly interview series that explores the issues and ideas driving the world of digital money.  During the episode, Summers… Read More

Jeremy Allaire, founder of Fintech Circle: “We won’t Believe that We Ever Needed to Pay to Send Money” in the Future

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

Circle Joins with Algorand Foundation on USDC Stablecoin on Algorand Blockchain

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

Kraken Cryptocurrency Exchange’s OTC Division Announces Acquisition of Circle Trade

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

Bermuda Is Now Accepting USDC Stablecoin As Payment for Taxes, Fees, and Government Services

Bermuda’s residents can now pay their taxes in cryptocurrency. The government of the British Overseas Territory announced on October 16 that it will take payments in Circle’s USD Coin (USDC) “for taxes, fees and other government services.”  According to a press release by Circle Internet… Read More

Safe Haven: Yuan Dives and Bitcoin Rises

Bitcoin is moving higher, once again, as the trade war between the US and China escalates. Yesterday, the Yuan dropped below 7 to the dollar with the People’s Bank of China (PBOC) blaming the decline “to unilateral trade protectionism, as well as expectations of more… Read More

Senate Hearing on Blockchain & Crypto: Still Questions but Less Hostility (as No Facebook Presence)

The US Senate Banking Committee held a hearing today entitled Examining Regulatory Frameworks for Digital Currencies and Blockchain. The Hearing is part of an ongoing process of education and understanding regarding the emerging digital asset ecosystem and the technology that supports it. Earlier this month,… Read More

Senate Banking Committee Schedules Hearing on Digital Currencies, Blockchain & Regulation: CEO of Circle Jeremy Allaire to Testify

Next Tuesday, the US Senate Committee on Banking will hold its next crypto-focused hearing. Earlier this month, the same Committee held a hearing on Facebook’s proposed stablecoin, Libra. The Committee struggled with the concept largely due to the lack of trust regarding Facebook’s profound abuse… Read More

Circle Fires 30 Employees Due to “Restrictive Regulatory Climate in the US”

Digital asset firm Circle has let go 10% of its workforce or 30 individual employees. Circle founder and CEO Jeremy Allaire explained the move in a series of tweets. Allaire said: “We made these changes in response to new market conditions, most importantly, an increasingly… Read More

Circle CEO Jeremy Allaire Pleads Case for US Policy Change Regarding Crypto

Jeremy Allaire, CEO and founder of digital asset firm Circle, took to the pages of the site’s blog to lament the state of regulation in the US when it comes to crypto. Allaire said his post was driven in part to their decision to “geofence,”… Read More

Big News: Leading Crowdfunding Platform SeedInvest Receives ATS Approval From FINRA, will Add Secondary Trading for Private Securities

SeedInvest, one of the leading US-based investment crowdfunding platforms, has received regulatory approval from FINRA to operate a secondary marketplace for securities via an alternative trading system (ATS). SeedInvest is the first traditional crowdfunding platform to receive an ATS license. Providing liquidity for private securities… Read More

At IMF Spring Meetings, JP Morgan Rep Says JPM Coin Could Streamline KYC/AML

The IMF’s Christine Lagarde hosted a panel discussion on “Payments in the Digital Age” at the IMF’s Spring Meetings held this week in Washington, DC. A video of the panel is provided by CNBC international TV and can be viewed here. Panelists included the ECB’s… Read More

Report: Steeply Discounted Circle Shares for Sale on SharesPost

Private shares for “global crypto finance company” Circle that sold in a Series E fundraise last May for $16.23 each are reportedly available for sale on SharesPost now for $3.80, The Block reports. The May raise put Circle’s valuation at $3.01 billion. Though The Block… Read More

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