Jeremy Allaire News

08.09 / 14:57

Binance Tether USDC Usd Coin Binance to convert users' USD Coin into its own stablecoin

USD Coin, Pax Dollar and True USD into its own stablecoin, Binance USD. The move is intended to enhance liquidity and capital efficiency for users, Binance said in a statement https://www.binance.com/en/support/announcement/e62f703604a94538a1f1bc803b2d579f. Stablecoins are a type of cryptocurrency designed to maintain a constant value, for example through a 1:1 U.S. dollar peg. They play a crucial role in facilitating crypto trading, and allow traders to store idle crypto cash without converting it back into fiat currency. Binance said it will stop trading on spot pairs which include USD Coin, Pax Dollar and True USD, although users will still be able to withdraw funds in the form of these stablecoins.

07.09 / 19:51

Binance USDC Grab Binance Converting USDC and Other Stablecoins to BUSD - A Market Share Grab?

Binance, the largest cryptocurrency exchange by trading volume, has announced that it is removing support for three major stablecoins including Circle's USDC, Pax Dollar (USDP), and TrueUSD (TUSD) on all its products.

07.09 / 14:01

Binance CEO Tether USDT Circle CEO Allaire Supports Binance Stablecoin Decision

Jeremy Allaire, the co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, has responded to the Binance cryptocurrency exchange's move to stop supporting USDC trading.

06.09 / 19:03

Blockchain Stablecoin Binance defi Circle co-founder says converged dollar books on Binance would be good for USDC

According to a new Twitter post, Jeremy Allaire, co-founder and CEO of USD Coin (USDC) stablecoin issuer Circle, said that the recent decision by Binance to merge stablecoin dollar books is "a good thing" for USDC. "This move would lead to a gradual net share shift from USDT to BUSD and USDC," said Allaire.

07.07 / 09:31

Provident CEO Platform Hess DeFi Leaders Gather at SCB 10X Virtual Summit Post Crypto Apocalypse

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

04.07 / 18:05

Stablecoin Tether USDT USDC Circle Denies USDC Trouble Rumors, Tether Supply Still Elevated on Curve

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), has denied that it is facing any sort of difficulty in maintaining the coin’s US dollar peg. Meanwhile, the supply of tether (USDT) coins on one of the most used stablecoin liquidity pools remains elevated.

04.07 / 15:41

Provident Twitter Waters CEO Will USDC collapse? Assessing if the claims hold water

A few weeks have passed ever since the Terra UST stablecoin crash. The incident seems to have triggered more concerns about stablecoins and USDC has found itself in the spotlight.

17.06 / 02:03

Blockchain Ethereum Digital BitStamp Circle to launch euro-pegged stablecoin

Businesses can use EUROC tokens to move euro liquidity on-chain, accept and make euro payments globally that can settle in minutes, and access crypto capital markets for trading, borrowing and lending. Circle says that Euro Coin is fully-backed by euro-denominated reserves held conservatively in the custody of leading financial institutions "within the US regulatory perimeter".Initially launching on the Ethereum blockchain, the coin will have support at launch from a number of big industry players, including Anchorage Digital, Binance.US, Bitstamp, Compound, Curve, CYBAVO, DFX, Fireblocks, FTX, Huobi Global, Ledger, MetaMask Institutional, and Uniswap Protocol.

25.05 / 08:03

cryptocurrency CryptoExplainer Despite Market Crash, Crypto Crowd Dominate Davos' Main Street

Crypto crowd dominate Davos main street despite price crash

24.05 / 11:53

Ripple regulation Circle Cash People Want Digital Cash, Governments Need to Accept That, Circle CEO Says

There is a reason that “cash is king,” and people around the world want a digital form of cash that is private, offers final settlement, and cannot be “turned off” by a central party, argued Jeremy Allaire, co-founder and CEO of digital payments company Circle.

24.05 / 06:41

Provident Digital CEO Assurant Post UST’s depegging fiasco, data seems to suggest returning interest in stablecoins

Stablecoins, in general, suffered immensely post the TerraUSD (UST) de-pegging event. This event saw UST drop from its once-stable $1 parity to today’s $0.06 per UST. Now, to refill that lost trust, the second largest stablecoin (USDC) provider Circle has taken some measures.

23.05 / 19:57

Adoption World Economic Forum Davos remittances regulatory Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire

Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constraints — according to Circle CEO Jeremy Allaire.

23.05 / 12:41

cryptocurrency Digital cryptocurrency news Bitcoin Cryptocurrency Executives Show Heavy Presence At Davos Meet

There is a heavy presence of cryptocurrency sector representatives at Davos Summit

12.04 / 17:41

Stablecoin BlackRock Investment USDC Financial Financial Giant BlackRock Becomes 'Strategic Investor' in USDC Issuer Circle

The global fintech firm Circle has entered into an agreement for a new USD 400m funding round with participation from several major players from traditional finance, while making asset management giant BlackRock, Inc. a “strategic investor” in the company.

12.04 / 16:57

Digital CEO Circle raises $400m

"Dollar digital currencies like USDC are fuelling a global economic transformation, and Circle's technology infrastructure sits at the centre of that change. This funding round will drive the next evolution of Circle's growth," says Jeremy Allaire, CEO, Circle.In February, Circle renegotiated a Spac deal with Concord Acquisition Corp, the blank check firm run by former Barclays bigwig Bob Diamond, doubling the firm's valuation to $9 billion.

12.04 / 16:49

business Stablecoin Adoption Usd Coin 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 BlackRock.

31.03 / 21:51

Blockchain Stablecoin Adoption Usd Coin BNY reserves Circle selects BNY Mellon as custodian for USDC reserves

On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest banks in America and possesses over $46.7 trillion in assets under custody or administration worldwide. It serves as a single point of contact for clients looking to manage their investments. With the new partnership, BNY Mellon said it will also explore the possibility of using digital cash for settlement purposes. Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, gave the following remarks:

12.03 / 04:23

Ethereum Progressive Interface Santiment Solana to compete with Venmo? Here’s what SOL holders need to know

Just a few months ago, there were bullish investors who were banking on Solana [SOL] reaching $300. However, at press time, SOL was trading at $83.45, having risen by 1.53% in the past 24 hours, but falling by 10.39% in the last seven days.

10.03 / 13:23

Provident Digital CEO Platform Our Happy Company's NFT Platform OurSong Integrates with Circle

Web3 infrastructure platform Our Happy Company launched its social NFT platform OurSong and integrated with the issuer of stablecoin USD Coin (USDC) Circle.

09.03 / 18:27

MARKET regulation stocks Bitcoin Executive executive order Support Bitcoin Rally Gets Support From ‘Watershed’ Executive Order, Rising Stock Market

Traders bid the price of bitcoin (BTC) up strongly in the market today even before a new Executive Order by US President Joe Biden laid out plans for what was seen as a positive approach to digital assets. Also, an improved sentiment sent US stock futures higher, helping BTC too.

09.03 / 15:37

cryptocurrency CBDC regulation Executive executive order Support Joe Biden's Executive Order on Crypto Calls for Consumer Protection, CBDC Consideration, Tech Innovation Support

The US White House has confirmed that President Joe Biden will sign an Executive Order on digital assets that will outline recommendations for consumer protection and financial stability in the US, as well as formally consider a US central bank digital currency (CBDC). The order does not contain any new regulations.

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