After a 7-week rally in May and June that sent USD Coin’s market capitalization above $56 billion, an all-time high, Circle’s stablecoin has now lost all the ground it gained earlier this year. On Mon...
Tag: Circles
Back to Square One? Circle’s USDC Market Cap Drops Below $50B for First Time Since Terra’s Collapse
“BUSD has seldom been used in DeFi and is not near the top 10 pools of Curve, Uniswap, Aave etc. USDC usage, however, remains strong. Four of the top five Uniswap pools contain USDC,” Tean...
Circle’s Cross-Chain Transfer Protocol to Support USDC Interoperability
Circle recently treated the USDC community with a massive announcement. The all-new cross-chain transfer protocol by Circle will support USDC interoperability. It will allow general users and develope...
Circle’s USD Coin (USDC) Market Cap Tumbles Below $50 Bln, Here’s Why
Circle’s USD Coin (USDC) market cap continues to tumble below $50 billion as whales lose confidence in the stablecoin and exchanges delist USDC amid censorship risks. After the Terra-LUNA crisis and l...
Circle’s USDC Will Fully Support Ethereum’s Proof-of-Stake Over A Proof-of-Work Fork
Advertisement     Circle says it will fully support Ethereum’s transition to Proof-of-Stake amid reports of a fork. The stablecoin issuer says supporting the Merge mea...
Circle’s Cautious USDC Approach Has Paid Off, Despite Missteps
Last week, by contrast, Circle issued a detailed asset breakdown which, though unaudited, claimed that Circle’s USDC stablecoin is backed entirely by U.S. dollars and highly liquid short-term U.S. Tre...
Circle’s Reserves Now Worth $55.7B, a New Report Shows – crypto.news
A recent blog post from Circle reveals that the company is holding USDC assets worth $55.7B. The USD Coin holdings consist of cash and US treasuries worth $13.58B and $42.12B, respectively. This reser...
Bitcoin circles $20K pre CPI amid warning Fed risks ‘blowing up’ economy
Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly el...
Spirit-Frontier merger in question after another vote delay, JetBlue circles
The fate of Spirit Airlines‘ merger with fellow budget carrier Frontier Airlines is growing murkier. Spirit this week delayed its shareholder meeting for a third time, opening the door to more t...
“We Have Zero Issues,” Circle’s Jeremy Allaire Says As Rumours Of USDC Collapse Surface ⋆ ZyCrypto
Advertisement     Jeremy Allaire, CEO of USDC issuer Circle has moved in to quell rumors of an impending USDC collapse following a crypto market deleveraging event tha...
Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022
The growth of Circle’s native stablecoin USD Coin (USDC) in the last two months compared to its $66-billion rival giant Tether (USDT) is nothing short of spectacular. USDT, USDC market cap ratio...
Circle’s CEO Quells USDC Fears
Circle’s CEO has distributed a Twitter string subduing fears He added that it is reasonable why the crypto local area would stress over USDC He reaffirms Circle is focused on being straightforward wi...
Bed Bath & Beyond’s liquidity ‘circles the drain,’ BofA warns
Bed Bath & Beyond could be swirling toward extinction as it confronts the problem of weakening liquidity with sales and profits under severe pressure, Bank of America (BofA) warned in a new note. ...
As Tether Faces Billions in Redemptions, Circle’s USDC Is Gaining Ground
During a Crypto Winter, investors tend to stash a portion of their bull market gains in stablecoins to wait out the downturn. But over the past two months—through Terra’s UST stablecoin collapse...
Circle’s USDC Surpasses Tether’s USDT, Here’s How
Circle’s stablecoin USDC has overtaken Tether’s USDT for the first time in the number of daily transactions on Ethereum, Nansen.AI CEO Alex Svanevik highlighted on Twitter. This news is the latest in ...
Circle’s USDC Flips Tether’s USDT in Daily Transactions on Ethereum
Alex Dovbnya USDT has surpassed Ethereum-based USDT by the number of transactions Circle’s USD Coin (USDC) stablecoin has surpassed Tether’s USDT by the number of daily transactions on the Ethereum bl...
Is Circle’s USC Coin(USDC) Becoming the More Preferred Stablecoin than Tether(USDT)?
The most popular Stablecoin, Tether(USDT) currently, appears to be in a deep soup as the market cap after shrinking constantly has reached a 6-month low. On the other hand, the USD Coin (USDC) gained ...
Recalls Show Why Tesla Runs Circles Around GM And Ford
Tesla is running circles around the competition (Photo by Sean Gallup/Getty Images) Getty Images The entire automotive sector is transitioning to electric vehicles, and the process is proving more dif...
Nexo Circles Celsius for Potential Loan Asset Buyout
Key Takeaways Crypto lender Nexo has offered to buy Celsisus’ qualifying assets as the rival deals with what appears to be a severe liquidity crisis. The offer, valid until Jun. 20, proposes buy...
Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate
Those differences were on full display in the panel discussion at Consensus 2022 on whether the U.S. Federal Reserve should issue a digital dollar or leave such innovation to the private sector. Dante...
Shiba Inu and Dogecoin Can Now Be Traded Against Circle’s Stablecoin on MEXC Global
Alex Dovbnya New Shiba Inu and Dogecoin trading pairs have been added by MEXC Global Cryptocurrency exchange MEXC Global has announced that its users can now trade Shiba Inu and Dogecoin, the two larg...
Crypto Weekly Roundup: MicroStrategy To Continue Bitcoin Splurge, Ethereum’s Successful Merge Trials, Circle’s $400 Million Raise, Ronin Hack, And More
The crypto space has ended yet another eventful week with some significant developments to write about. Among the week’s biggest stories was the US Treasury Department successfully identifying the gro...
BlackRock to Handle Circle’s USDC Cash Reserves as Part of $400M Funding Round
In brief BlackRock is a major asset management firm. Circle issues the USDC stablecoin. BlackRock will serve as a strategic partner in Circle. On Tuesday, cryptocurrency payments firm Circle announced...
BlackRock Joins Circle’s $400 Million Funding Round
Payment technology company, Circle has become the latest firm in the financial ecosystem to raise significant funds for its expansion. The company has entered into an agreement for a funding round wor...
Blackrock, Fidelity to Invest in Crypto Firm Circle’s $400 Million Funding Round – Finance Bitcoin News
Blackrock, Fidelity, Marshall Wace, and Fin Capital are investing in crypto firm Circle. In addition, Blackrock, the world’s largest asset manager, has entered into a broader strategic partnership wit...
BlackRock joins stablecoin issuer Circle’s $400M funding round
Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRo...
BNY Mellon to become primary custodian for Circle’s USDC stablecoin reserves
Peer-to-peer payments processor Circle Internet Financial today announced that it has chosen the Bank of New York Mellon Corporation, also known as BNY Mellon, to become a primary custodian for its US...
America’s Oldest Bank to Become Primary Custodian of Circle’s USDC
Circle has tapped BNY Mellon – one of the Wall Street giants leading the cryptocurrency adoption – to serve as the primary custodian of its stablecoin USD Coin – USDC. Circle Cooperates With BNY Mello...
Circle’s Accountant Tweaks Fine Print of USDC Attestation
“Most auditors and attestors do not use the word ‘correct,’ and it would only be used where a precise measurement is available,” said Michael Shaub, an accounting professor at Texas A&M University...
Circle’s CEO says the Russia-Ukraine crisis reveals the paradox of cryptocurrencies
The CEO of Circle, the company behind the USDC stablecoin, has referred to cryptocurrencies as a double-edged sword. Jeremy Allaire’s remarks come amid the heightened tensions between Russia and Ukrai...
Circle’s updated SPAC deal boosts the company’s valuation to $9 billion
Circle, the company behind the USDC stablecoin, doubled its valuation following a new agreement with Concord Acquisition Corporation (NYSE:CND). The two corporations first revealed this merger plan in...