Key Takeaways Circle’s USDC is trading for $1 again. The stablecoin broke its peg late on Friday after Circle revealed it was exposed to Silicon Valley Bank. The U.S. government stepped in to assure a...
Tag: Circles
Ethereum Circles Above The $1,500 Mark, But Can Not Hold Above $1,600
Mar 13, 2023 at 10:55 // Price Ethereum price (ETH) has started to climb upwards while rallying above the level of recent support. Long-term analysis of the Ethereum price: bearish Today’s...
Is Circle’s USDC Stablecoin Crisis a Blessing in Disguise for Bitcoin?
Alex Dovbnya The recent crisis surrounding Circle’s USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve a synthetic USD due to the collapse ...
Silicon Valley Bank’s troubles put Circle’s $3.3b USDC reserve at risk
Circle’s USDC, the second-largest stablecoin with a market capitalization of $43b, has been hit by the collapse of Silicon Valley Bank (SVB). On Friday, regulators in California placed the bank under ...
Circle’s USDC Redemptions Reaches $2.5B, Exchange Inflow $7B
USDC Redemptions. Source: CryptoQuant Moreover, Ki Young Ju believes the USDC situation is completely different from the TerraUSD (UST) collapse. The Luna Foundation Guard sent billions in BTC to cryp...
Circle’s USDC Reserve Exposure and Potential Risks
Circle is one of the largest issuers of stablecoins, with USDC being the second-largest stablecoin in circulation. As of January 31, 2022, the circulating supply of USDC was $42 billion. Stablecoins a...
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $.3.3 billion of Circle’s ...
Circle’s USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability
Circle is one of the leading issuers of USDC, and the company has been on a mission to make it the preferred stablecoin in the cryptocurrency space. However, recent developments have raised concerns o...
Circle’s USDC Reserve Mishap Leads to Massive Sell-off
In May 2021, Circle, a fintech company that offers payment and trading solutions, revealed that it had discovered a massive discrepancy in its USDC reserves. Silicon Valley Bank, which was responsible...
Binance and Coinbase Halt USDC Transfer – Is Circle’s USDC Next in Line for a UST-Style Collapse?
Coinbase and Binance, two of the world’s largest cryptocurrency exchanges, have taken action in response to Circle’s stablecoin, USD Coin (USDC), suffering a de-peg following the collapse of Silicon V...
USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB
The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. Following Circle’s disclosu...
Is Circle’s USDC Stablecoin at Risk after the collapse of SVB?
The collapse of Silicon Valley Bank (SVB) on March 10 has sent shockwaves through the crypto industry, leaving many investors concerned about the exposure of major players like Circle, the issuer of t...
Circle’s exposure to U.S. banks could top $9B
USD Coin (USDC) issuer Circle exposure to the United States banking system sits near to $9 billion, according to its latest audit report from January. Circle’s reserves are held in a number of r...
Circle’s USDC Reserves In Hot Water As Records Show Exposure To Silicon Valley Bank
On Friday, the prominent Silicon Valley Bank, which served as the go-to bank for venture capitalists and startups, got shuttered down by the California Department of Financial Protection. Although not...
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
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Binance Coin Circles Above $315 And Takes Aim At Previous Highs
Feb 16, 2023 at 12:42 // Price Binance Coin (BNB) price is rising after breaking above the 21-day line SMA. Binance Coin price long term forecast: bullish On February 13, BNB fell to a low of $2...
NYDFS’ Crackdown On Paxos May Be Prompted By Circle’s Complaint
A crypto lawyer believes that the NYDFS’ enforcement action against Paxos was motivated by Circle’s complaint last year. The lawyer claims that the action may have nothing to do with the security attr...
BIT to Utilize Circle’s ‘Fiat To Crypto’ On-Ramp and USDC Settled Products
[PRESS RELEASE – Please Read Disclaimer] BIT will leverage Circle APIs to on-ramp fiat funds into USD accounts on BIT USDC can be used as trading margin 1:1 to USD for USD-margined products on BIT To ...
Circle’s December 2022 Report Says USDC is Overcollateralized
Circle’s collateralized assets are in surplus of the USDC in current circulation. Collateralized assets are held in treasury bills, banks, and other securities. Circle is consulting with stakeholders ...
Key takeaways from Circle’s $44.5B USDC reserve report
USD Coin (USDC) issuer Circle has released an accountant-verified report of its treasury reserve holdings backing more than $44.5 billion worth of tokens currently in circulation. Circle’s December 20...
Coin Bureau Makes Prediction on Circle’s USDC, Issues Stark Warning – Here’s His Outlook
The host of the popular crypto channel Coin Bureau is predicting one US dollar-pegged stablecoin is poised to run the market. Coin Bureau host Guy Turner tells his 2.2 million subscribers that Circle’...
Japan’s Square Enix Circles Blockchain Gaming Investment
Square Enix has ambitious plans for 2023, a year it hopes will mark a “major evolution and transformation.” The Japan gaming giant, best known for developing video game franchise Final Fantasy, has pl...
Ripple Circles Above $0.38 Support As Sellers Resume Selling Pressure
Dec 13, 2022 at 12:07 // Price The price of Ripple (XRP) has been consistently hovering below the $0.40 level. Ripple (XRP) Price Long-Term Forecasts: Bearish Since December 1, XRP has been boun...
Coinbase Advises Clients to Convert Tether (USDT) Into Circle’s USDC, Cites ‘Flight to Safety’
Top US-based crypto exchange platform Coinbase is issuing a warning to its customers, advising them to convert their Tether (USDT) stablecoin holdings into USD Coin (USDC). In a new company blog post,...
Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions
Circle, the company behind the issuance of USDC Coin (USDC), said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exch...
Circle’s chain of decisions around Euro Coin could have EUROC go either way
Circle, the company behind USDC, the second largest stablecoin on the market, announced its ambitions to expand the use of its Euro-backed stablecoin, EUROC. Circle offered a Euro-backed token in addi...
Circle’s $9 Billion SPAC Deal Postponed Once Again; Merger to Take Effect in January 2023 – crypto.news
The Circle-Concord Merger has been delayed the second time due to procedural issues. New SEC Filing Reveals Another Delay in the Anticipated $9 Billion Merger Circle has announced another delay of its...
Circle’s CCTP and Axelar to be combined for a better web3 user experience
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