Circle Financial News

03.08 / 22:25

Stablecoin Tether USDT Circle Maker DAI USD Tether (USDT) Loses 1:1 to US Dollar Amid Heightened Sell Pressure in Curve’s 3pool

Tether (USDT), the USD-pegged stablecoin issued by web3/fin tech company Tether, fell slightly below its 1:1 peg against the US dollar on Thursday on decentralized exchange (DEX) Curve Finance, pushing the DEX’s main stablecoin liquidity pool (Curve 3pool) into imbalance.

01.08 / 06:21

business Stablecoin regulation coinbase Circle Usd Coin analysts US defense bill may be ‘problematic’ for USDC and stablecoins: Analysts

Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.

26.07 / 11:23

Circle USDC Cryptocurrency Remittance Solution Introduced in Latin America by Island Pay and Circle

Island Pay, a fintech company based in the Bahamas, has launched a crypto remittance solution to address the extreme high costs associated with traditional cross border payment systems, Bloomberg reported.

17.07 / 17:27

Stablecoin Adoption Conference Europe European Union Circle Euro regulatory Euro stablecoin market set to take off, thanks to real-world uses, regulatory clarity — Circle exec

The future is bright for euro-denominated stablecoins, according to Patrick Hansen, European Union strategy and policy director at Circle. The United States dollar may preserve its first-mover advantage, but euro stablecoins will see increasing real-world use cases emerge to lift them above their current meager market share, Hansen said at EthCC in Paris.

14.07 / 03:55

Law Stablecoin regulation Circle Warning Circle CEO spells doom scenario for US dollar in warning to Congress

The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.

06.07 / 14:59

Circle USDC USDC-Issuer Circle Looking to Launch Stablecoin in Japan

The firm behind USDC stablecoin, Circle, is looking to launch a stablecoin in Japan under new regulations that came into effect last month.

30.06 / 14:49

Circle USDC Executive Former Goldman Sachs Executive Craig Broderick Joins Stablecoin-Issuer Circle's Board

The former Goldman Sachs executive Craig Broderick has joined the Board of Directors of Circle Internet Financial, the issuer of the USDC stablecoin.

27.06 / 13:23

Circle Stablecoin Issuer Circle Keeping an Eye on Hong Kong's Crypto Policies Amid Asian Market Focus

US-based stablecoin issuer Circle is closely monitoring Hong Kong’s crypto policies as the government pushes for a friendly regulatory framework.

23.06 / 15:59

business Investments Circle Banks Silicon Valley Circle and Sequoia were among top depositors at Silicon Valley Bank: Report

Stablecoin issuer Circle and venture capital firm Sequoia Capital were reportedly among the top 10 depositors at the collapsed crypto-friendly Silicon Valley Bank (SVB) in March.

13.06 / 21:14

Stablecoin Circle legislation House Financial Services lawmakers Stablecoin Bill Circle CEO Allaire Puts Pressure on House Lawmakers To Pass a Stablecoin Bill

The CEO of stablecoin issuer Circle has put pressure on lawmakers to pass a stablecoin bill and get it signed by President Joe Biden as other countries forge ahead.

09.06 / 12:13

regulation Circle USDC regulatory Circle USDC-Issuer Taps Ex-Regulator as Chief Legal Officer in Regulatory Push

Circle, the US-based company behind the stablecoin USDC, has tapped former Commodity Futures Trading Commission (CFTC) chair Heath Tarbert as its new Chief Legal Officer as it pushes for more regulatory clarity in the US.

08.06 / 18:33

business regulation Circle Usd Coin Executive Circle hires former CFTC, US Treasury executive as chief legal officer

Stablecoin issuer Circle has loaded its arsenal to fight the ongoing regulatory crackdown on crypto. By July 1, the role of chief legal officer and head of corporate affairs will be filled by Heath Tarbert, a top attorney with a background in all three branches of the United States government.

07.06 / 20:35

Stablecoin Payments regulation Circle Circle is latest recipient of Major Payment Institution license in Singapore

Circle’s Singapore affiliate, Circle Internet Singapore, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Circle Singapore received in-principle MPI approval from MAS in November and opened its office in the city-state in May.

02.06 / 15:23

Circle USDC Arbitrum Stablecoin adoption USDC stablecoin Circle Set to Launch USDC Stablecoin on Ethereum Scaling Solution Arbitrum – Stablecoin Adoption on the Rise?

Circle, the US-based payments firm which issues the USD coin (USDC) stablecoin, is set to launch its coin natively on Arbitrum, an Ethereum (ETH) scaling solution, with the kick off scheduled for June 8.

01.06 / 16:57

Blockchain Ethereum Stablecoin defi Tokens Circle Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network.

28.05 / 17:47

business Stablecoin Altcoin Tether Circle Usd Coin Binance USD USDT market share jumps amid economic uncertainty, USDC shrinks

The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows.

19.05 / 06:03

Stablecoin regulation Tether Circle Congress Paxos Stablecoin issuers have spent over $1.3M lobbying Congress since 2022

Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.

11.05 / 06:03

business Stablecoin Circle Usd Coin National Debt reserves Circle reportedly adjusts USDC reserves to avoid US default risk

Stablecoin issuer Circle has reportedly adjusted its reserves treasury in an effort to reduce the risks of United States debt defaults.

30.04 / 02:19

Law regulation lending Circle Banks banking FDIC alleges Cross River engaged in 'unsafe' lending practices

The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like Visa and Coinbase – to "self-correct" and appropriately address weaknesses in its lending activities.

26.04 / 14:29

Blockchain Ethereum defi Tokens Circle avalanche Usd Coin Cross-Chain Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges.

26.04 / 08:43

business Blockchain regulation SEC security Circle Usd Coin Circle CEO blames US crypto crackdown for declining USDC market cap

Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).

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