Circle Financial News
11.03 / 19:41
Stablecoin
Circle
USDC
Bankruptcy
Usd Coin
USDC Depeg: Circle's $43 Billion Stablecoin in the Spotlight as Silicon Valley Bank Exposure is Revealed – Here's the Latest
The USD Coin (USDC) stablecoin has distanced away from its intended $1 peg following the revelation that Circle has exposure to the now-collapsed Silicon Valley Bank.
11.03 / 18:51
Adoption
Altcoin
Circle
Banks
Bitcoin
Banks down? That is why Bitcoin was created, crypto community says
Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community, leading many to come back to crypto roots, reviving the Bitcoin white paper published just weeks after the Lehman Brothers meltdown in 2008.
11.03 / 08:31
business
Stablecoin
regulation
Circle
Banks
Usd Coin
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB), the resultant sell-off caused the price of the stablecoin to fall below its $1 mark.
11.03 / 07:15
business
Stablecoin
regulation
Circle
Banks
Usd Coin
Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment technology company Circle confirmed that wires initiated on Thursday to remove balances have not yet been processed, leaving $3.3 billion of its $40 billion USDC reserves at Silicon Valley Bank (SVB).
11.03 / 00:37
business
Stablecoin
regulation
Circle
Banks
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 regulated financial institutions in the country, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon.
02.03 / 23:25
business
Circle
Banks
partnership
Paxos
Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank
Several crypto firms have announced they will scale back or outright terminate their relationship with Silvergate Bank following an announced investigation into its alleged involvement in the FTX collapse.
24.02 / 22:11
business
Stablecoin
Circle
Banks
reserves
FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves
Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC) — a move the companies said would promote financial inclusion and digital literacy in the greater Atlanta area.
24.02 / 06:31
Stablecoin
regulation
SEC
security
Circle
Usd Coin
NOT
SEC is not the appropriate regulator for stablecoins: Circle CEO
The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire.
15.02 / 02:01
Stablecoin
regulation
SEC
security
Circle
Breaking: Circle squashes rumors of planned SEC enforcement action
USD Coin (USDC) issuer Circle has denied rumors that it received a "Wells Notice" over its United States dollar-pegged stablecoin.
14.02 / 01:25
regulation
Circle
Paxos
NYDFS
Binance USD
reserves
Circle blew the whistle on Binance reserves to NYDFS: Report
New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.
30.01 / 11:11
Stablecoin
regulation
Altcoin
Tether
Circle
Usd Coin
Reserve
Key takeaways from USDC $44.5 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.
06.12 / 23:23
UPS
CEO
Circle
USDC
Q3
Mind
USDC Issuer Circle Changes Mind on Going Public, CEO Reveals Q3 Earnings
Circle, the US financial services firm behind the stablecoin USDC, has changed its mind about seeking a public listing in the near future, and now says it will stay focused on building “a long-term public company.”
07.11 / 18:29
Blockchain
solana
Circle
USDC
Payment Firm Circle to Bring Euro Coin to Solana in Early 2023
Circle, the US-based payments company that issues the stablecoin USD coin (USDC), announced its plans to bring its Euro Coin and cross-chain transfer protocol to Solana (SOL) in early 2023.
04.11 / 12:33
business
Stablecoin
Circle
Reserve
Circle starts pouring money into its Reserve Fund, aims to fill it in 2023
Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, BlackRock. The move came as a part of Circle’s effort to minimize risks and guarantee its holders the redeemability of their coins.
28.09 / 23:05
business
Blockchain
Circle
Circle CEO says blockchain industry is transitioning from dial-up to broadband phase
At the Converge22 conference in San Francisco, Jeremy Allaire, CEO of stablecoin issuer Circle, said that the world is finally moving from the speculative value phase of crypto to the utility phase. Drawing parallels to the early days of the internet, he said:
19.07 / 01:33
Stablecoin
regulation
Circle
Circle CSO lays out policy principles for stablecoins in US
Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path for stablecoins.
15.07 / 00:07
business
Stablecoin
Circle
Usd Coin
reserves
Circle discloses full breakdown of $55.7B USDC reserves
Circle Internet Financial has released a full breakdown of its USD Coin (USDC) holdings for the first time — a move designed to offer transparency and instill greater trust ain the stablecoin issuer.
11.07 / 18:19
business
Stablecoin
Circle
Backed
audit
KPMG to audit new pound-backed stablecoin GBPT
Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to wider adoption of digital assets in the United Kingdom and its Crown Dependencies.
16.06 / 16:01
business
Stablecoin
Circle
Euro
Backed
Circle launches euro-backed stablecoin EUROC
USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high despite recent industry turmoil.
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.
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