Jeremy Allaire News

26.02 / 01:07

cryptocurrency Ether Bitcoin fall Stablecoins gain as Bitcoin, Ether fall after Russia invades Ukraine

Stablecoins, which are virtual tokens pegged to traditional currencies such as the U.S. dollar, held gains on Thursday in the midst of a sell-off in risk assets such as stocks and bitcoin after Russia launched a full-scale invasion of Ukraine. Most stablecoins were slightly higher on the day. Their market capitalization was up 0.3% at $182.5 billion, according to cryptocurrency data tracker coinmarketcap.com. Its daily trading volume, though, surged 75% to $108.1 billion. In contrast, both bitcoin and ether dropped to one-month lows. Bitcoin was last down 3.1% at $36,121, while ether slid 4.1% to $2,475, following Russia's invasion.

18.02 / 19:43

Provident Digital SEC CEO USDC scales new monthly high in terms of supply in smart contracts thanks to…

USD Coin (USDC) issued by Circle Inc is the second-largest stablecoin by market capitalization. It achieved significant milestones over the years. In fact, on 1 February, USDC market capitalization surpassed $50 billion. In all, Circle minted more than 100 billion USD Coins (USDC). Continuing the same trend, here’s the latest development.

18.02 / 13:05

Digital CEO Tether Concord Deal Circle Doubles Value to $9B with New Deal with Concord Acquisition Corp

Fintech company Circle Internet Financial has revamped its merger agreement with Concord Acquisition Corp (NYSE: CND) through a special purpose acquisition company (SPAC), doubling its valuation to $9 billion from the $4.5 billion initially announced in July 2021.

01.02 / 18:17

UPS Ethereum Tether USDT Is a flip on the cards as USDC crosses $50B milestone, quickly catching up to USDT

Stablecoins, or dollar-pegged crypto assets,comprised around 9.7% of the total crypto market capitalization with a combined market cap of more than $177 billion. That number surged more than 420% since the same time last year. Tether (USDT) was the dominant force in stablecoins for the past few years. USDT commanded a comfortable 75% market share in 2021- however, competitors were on a rise in 2021. Tether’s closest rival Circle’s USD Coin made headlines.

01.02 / 08:05

Stablecoin Adoption Tether Usd Coin USDC stablecoin Circle's USDC stablecoin gobbles Tether's market share with 50B milestone

The world’s second-largest stablecoin by market capitalization keeps on growing as it erodes the dominance of the current leader, Tether.

08.12 / 18:57

Government regulation Congress hearing regulatory Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets

The House Committee on Financial Services heard from several chief executive officers at major crypto firms in the United States, some of whom seemed to present a united front in urging lawmakers to provide a clear regulatory framework for crypto.

08.12 / 12:41

Blockchain Stablecoin Usd Coin Bitcoin hearing House memo details Congress' priorities ahead of crypto CEO hearing

The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET.

01.12 / 23:13

Government coinbase Bitfury Paxos hearing committee House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets

Maxine Waters, the chair of the House Committee on Financial Services, has announced several chief executive officers at major crypto firms in the United States will speak at a hearing to discuss digital assets and the future of finance.

15.11 / 12:43

business Stablecoin Usd Coin expansion Circle to invest in Japanese yen stablecoin as part of expansion to Asia

Circle, the United States-based issuer of USD Coin (USDC), has set its sights on thriving Asian crypto markets.

12.11 / 16:45

Stablecoin regulation Altcoin Circle USDC issuer Circle supports proposal to regulate stablecoin issuers as banks

Issuers of stablecoins like Tether (USDT) and USD Coin (USDC) may soon be required to work under the same regulations as banks, but that seemingly doesn’t frighten the CEO of the USDC-issuer Circle.

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