Circle Financial News
26.02 / 00:03
business
Stablecoin
Tether
Circle
Crypto Biz: Stablecoins are serious business, Feb. 17-24
Stablecoins used to be a sort of taboo subject in the crypto community after it became common practice to criticize Tether’s reserve backing. Are you really a seasoned crypto investor if you haven’t gone down the USDT rabbit hole? Some of those concerns were finally quelled in May 2021 when Tether passed an assurance test by disclosing its reserves for the first time. For some onlookers, the reserve breakdown created more questions than answers due to the stablecoin issuer’s oversized exposure to commercial paper.
23.02 / 17:17
business
Stablecoin
Circle
Usd Coin
Stablecoin issuer Circle launches business accounts for USDC transactions
USD Coin (USDC) operator Circle has launched a new account service aimed at helping businesses transact in cryptocurrencies — potentially opening the door to wider mainstream adoption of digital assets.
18.02 / 00:43
business
Stablecoin
Circle
Usd Coin
Concord
valuation
Circle’s valuation doubles to $9B following revised merger agreement with Concord
USD Coin (USDC) operator Circle has seen its valuation double to $9 billion after the company revised its merger agreement with Concord Acquisition Corp, a special purpose acquisition company (SPAC) founded in 2020.
17.02 / 17:37
M&A
Circle
Investment
USDC
valuation
Circle’s Valuation Doubles to USD 9B as New Holding Company Expected to Go Public
The crypto infrastructure and payments firm Circle has entered into an agreement with the special purpose acquisition company Concord Acquisition Corp that will see the formation of a new holding company, doubling Circle’s valuation from USD 4.5bn, announced in July 2021, to USD 9bn now.
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.
02.11 / 12:07
Stablecoin
regulation
Circle
US regulators
Crypto Community Smarts at US Regulators ‘Fear-mongering’ Stablecoins Report
A joint call from the United States Treasury Department, the Federal Reserve, and financial regulators for Congress to grant them power over stablecoins and their issuers has drawn a decidedly mixed reaction from the crypto community.
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