The crypto bear market has dragged many platforms to their knees, while most of the assets have plunged hard by nearly 90% from their highs. Bitcoin specifically dropped heavily from $69,000 amid the ...
Tag: Circle
Experts Warn Of Major Trouble For Circle And USDC, Here’s Why
Matt Taibbi, a notable author, and journalist wrote a scathing article warning against investing in USDC. Pointing to the Circle being the sole counterparty to its reserve funds, Taibbi revealed that ...
Banking Circle Adopts USDC as Currency on its Payment Rails
Banking Circle, an European Union (EU) regulated payments bank has announced that it has integrated the USD Coin (USDC) stablecoin into its payment rail. According to the startup, the integration of t...
EU-regulated firm Banking Circle adopts USDC stablecoin
Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails. The firm officially announced on Friday the adoption of the USD C...
Luxembourg-based bank Circle adopts USDC stablecoin
The world of traditional finance and the cryptocurrency asset are known to look at each other suspiciously, distrustful of each other, and always ready to erode capital from each other, but an assist ...
Banking Circle adds USDC payments and fiat conversion
Financial infrastructure provider Banking Circle said July 8 that it has started offering payment acceptance, process, and settlement in USDC. Banking Circle’s Head of Virtual Asset Services Mishal Ru...
Circle Allows ‘Free’ Early USDC Withdrawal From Fixed Yield
Circle CEO Jeremy Allaire has said users of Circle Yield can withdraw their money early without facing penalties as cryptocurrency markets see their worst performance in years. Users of the treasury p...
Circle looks to reaffirm commitment to transparency as USDC market share soars
The cryptocurrency market has experienced a turbulent period as of late, with several firms filing for bankruptcy or shutting down. Voyager Digital announced its bankruptcy on Wednesday, becoming the ...
After Market Turmoil, USDC Issuer Circle Comes Clean Hinting No Liquidity Risks
The cryptocurrency market has been going through a very rough period with several crypto firms reporting insolvencies and bankruptcy. A few hours ago, Voyager Digital announced its bankruptcy, becomin...
Circle releases documents on USDC reserves
The cryptocurrency market has been filled with speculations about the depegging of several stablecoins. Circle’s USDC stablecoin, the world’s second-largest stablecoin by market cap, has displayed a h...
Circle CEO Dismisses Rumors About USDC Stablecoin Collapse
Circle CEO Jeremy Allaire dismisses rumpus about the collapse of USDC stablecoin. Circle is a peer-to-peer payment technology firm. In a Twitter thread published over the weekend, Allaire said he can ...
USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO
Jeremy Allaire, the founder and Chief Executive Officer of USDC stablecoin issuer Circle took to Twitter recently to share updates about the firm and how it is in a better position financially despite...
Circle Taps New York Community Bank as its Latest Custodian
The newly announced partnership marks the first time a community bank acting as custody for a stablecoin’s reserves USDC Price at the time of writing – $1.00 They aim to make community banks and...
Circle CEO feels stablecoin hodlers are invulnerable
On Sunday (July 3), Circle web monetary restricted Co-Founder, Chairman, and CEO Jeremy Allaire explained why holders of its fiat-collateralized and fiat-pegged stablecoin USD Coin (USDC) shouldn’t be...
Circle CEO Refutes Rumor of USDC Collapse Due to Exposure to Troubled Firms
Circle – the company behind the second-largest stablecoin by market cap, USDC – reiterated its positive financial position amid a rumor calling the company on the brink of collapse. As the reports wen...
Jeremy Allaire refutes allegations Circle is on the brink of insolvency
Circle CEO Jeremy Allaire on July 2 posted a Twitter thread responding to unfounded allegations that Circle is floundering amid the challenging market conditions. In debunking the claims, Allaire said...
Circle CEO Jeremy Allaire Says Company Amping Up Transparency Amid Crypto Market Troubles
The chief executive officer of blockchain-focused payments platform Circle says that the firm is stepping up its efforts to be transparent as some companies in the crypto space face existential threat...
Circle denies rumors USDC stablecoin is troubled amid market downturn
Circle’s founder and CEO Jeremy Allaire tweeted a thread of statements and linked blog posts on Saturday addressing rumors that the company’s USDC stablecoin was near collapse amid the crypto market d...
Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves
Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the U...
USDC Stablecoin-Issuer Circle in ‘Strongest Financial Position’ Ever
Circle, the company behind USDC, the world’s second-largest stablecoin, is in its “strongest financial position” ever, according to CEO Jeremy Allaire. It comes as stablecoins have come under increase...
A LPL like tournament in the GameFi circle, offering 500K USD in total prize: DracooMaster Champion Series 2022 unveiled
– Advertisement – As a blockchain-based trading card game, DracooMaster is under the spotlight. The rich gameplay experience it brings to players has made it absolutely one of the most fav...
Circle, the company behind USDC, launches Euro Coin
Starting today on major exchanges, it will be possible to trade Euro Coin (EUROC), the stablecoin pegged 1:1 to the euro and secured with bank deposits of equal value in euros. Circle officially issue...
Circle and New York Community Bancorp Forms Custody Partnership to Invest in Community-Based Initiatives – crypto.news
Circle Internet Financial, the creators of the USDC stablecoin, has announced a custody partnership with New York Community Bancorp (NYCB), under which New York Community Bank, a subsidiary of NYCB, w...
Market Selloffs Lead to Rising Inflows of USDC: Circle CEO
In the latest interview with Fox Business, Circle CEO Jeremy Allaire unveiled his thoughts on the turbulent crypto market with stablecoins being targeted by short sellers partly due to the Luna-UST fi...
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves – Finance Bitcoin News
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Communi...
Circle: more transparency on the USDC peg
Circle Internet Financial, which is the issuer of the USD Coin (USDC) stablecoin, yesterday announced a partnership with New York Community Bancorp, Inc. (NYSE: NYCB) to have the group’s subsidiary ba...
Tether CTO refutes stablecoin FUD as short-sellers circle
Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin Tether (USDT) has been the subject of a “coordinated attack” by hedge funds looking to short-sell the United States doll...
Circle Inks Strategy Partnership with Bancorp for USDC Custody
Circle Internet Financials LLC, the blockchain company responsible for issuing the USDC stablecoin, has announced its latest partnership with New York Community Bank (NYCB), a publicly listed New York...
Circle inks custody deal with New York Community Bancorp
USD Coin (USDC) issuer Circle has partnered with New York Community Bancorp in a deal that will see the bank’s subsidiary, New York Community Bank, become a custodian for the stablecoin’s reserves, Ci...
Circle All Set To Launch Euro-Pegged Stablecoin $EUROC On Ethereum
$USDC’s issuer Circle has informed that it’s launching a second stablecoin pegged to the Euro. The stablecoin is called Euro Coin ($EUROC) and is issued under the same full-reserve model a...
USDC v. USDT – Is this stablecoin nearing its ‘Circle’ of life?
The stablecoin market, like the rest of the cryptocurrency ecosystem, continues to see new updates every day. Things changed rapidly, especially after TerraUSD [UST] came into the picture only to cras...