Tagged: jeremy allaire

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

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 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 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 – jda.eth… 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

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

January 18, 2022 @ 8:41 pm By Omar Faridi  |  

Shaun Scovil, General Manager at digital assets firm Poloniex, notes that as they embark on their eighth year of operations, the team has reflected on all the great things they think they’ve accomplished so far, while “preparing for the exciting challenges and opportunities ahead.” Shaun… Read More

December 8, 2021 @ 10:07 pm By JD Alois  |  

Earlier today (December 8, 2021), the House Financial Services Committee held a hearing on digital assets. As was previously reported, the witnesses included top crypto executives and thus provided the opportunity for a unique discussion between House members and crypto entrepreneurs. Chairwoman of the Committee,… Read More

December 1, 2021 @ 2:44 pm By JD Alois  |  

The House Financial Services Committee has announced the list of witnesses scheduled to testify at a hearing entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”  The witnesses include many of the biggest names… Read More

November 2, 2021 @ 10:52 am By JD Alois  |  

This is a first. Jeremy Allaire, CEO and co-founder of Circle, the issuer of the USDC stablecoin, has joined with his teammates to do a crypto rap. The performance available on YouTube, was done in celebration of USDC topping $20 billion in market cap. While… Read More

October 18, 2021 @ 11:04 am By JD Alois  |  

Circle, a stablecoin issuer and aspiring banking platform, is now supported on the Hedera Hashgraph network, according to a note from the company. USDC is a dollar-based stablecoin with over $30 billion in circulation that is widely utilized for payments in the crypto ecosystem. Hedera… 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 20, 2021 @ 11:40 am By Omar Faridi  |  

Digital assets firm Circle notes that at the beginning of July 2021, they had announced support for stablecoin USDC on the TRON blockchain, which is one of the largest open (or permissionless) blockchain networks. TRON aims to support a wide crypto ecosystem “popular within Asian… 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 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

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