Circle

The decline in the market value of stablecoin USD Coin (CRYPTO: USDC) can be attributed to a growing trend of investors looking to "de-risk out of the U.S." amid concerns about the country’s banking sector and regulatory challenges, according to Circle CEO. What Happened: Jeremy Allaire, the...

Voyager Digital is beginning to cash out U.S. dollars received from the sale of Shiba Inu (CRYPTO: SHIB), Ether (CRYPTO: ETH), and the Voyager Token (CRYPTO: VGX). The assets were sent to the bankrupt cryptocurrency lender, according to on-chain data. Last month, $610 million worth of USD...

Crypto companies and investors are among those impacted by the latest collapse of Silicon Valley Bank (NASDAQ: SIVB), which has sent tech start-ups that once relied on the bank into turmoil. Following news of the bank's demise on Friday, Crypto firm Circle, which has $3.3 billion...

Brian Armstrong, the co-founder, and CEO of Coinbase Global Inc (NASDAQ: COIN), the largest cryptocurrency exchange in the U.S., has spoken out about the regulatory crackdown on the crypto industry, reiterating that the exchange's staking product should not be classified as a security...

The Securities and Exchange Commission is not the regulator for stablecoins, according to Jeremy Allaire, CEO and founder of Circle Internet Financial Ltd.  What Happened: In an interview with Bloomberg on Thursday, Allaire aired his views on the SEC and its recent moves to regulate the...

A research report by Bernstein suggested the recent regulatory action taken against the Binance USD (CRYPTO: BUSD) stablecoin and its issuer Paxos is specific to BUSD and cannot be applied to other stablecoins like USD Coin (CRYPTO: USDC). What Happened: Some in the industry were concerned...

Stablecoin issuer Circle Internet Financial Ltd. (CRYPTO: USDC) complained to the New York State Department of Financial Services (NYDFS) last year about its rival, Binance, and its mismanagement of reserves for its own tokens (CRYPTO: BUSD), according to a Bloomberg report. What Happened: In the...

Leaders in finance and government recently convened at the annual World Economic Forum (WEF) in Davos, Switzerland, to discuss tough issues (i.e., post-pandemic fragmentation and multipolarity). Benzinga attended the event and interviewed Corey Then, Vice President of Global Policy at Circle. Then...

Peter Thiel-backed cryptocurrency exchange Bullish has decided to put its plans of going public on hold. What Happened: Bullish said on Thursday that it had come to a mutual agreement with Far Peak Acquisition to no longer pursue a merger that would have seen it listed on the New York Stock...

The board of both Circle Internet Financial and Concord Acquisition Corp. (NYSE: CND) have agreed that the stablecoin provider Circle would no longer be publicly listed. The joint decision was announced by both companies on Monday. Circle had been considering a merger with Concord Acquisition, a...

Multiple exchanges disabled deposits and withdrawals for Solana-based Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) on Thursday. What Happened: Tether, in a blog post, said, “the move to suspend USDT deposits on these exchanges is likely just due to...

In an effort to bridge the gap between cryptocurrency and traditional payments, Circle, the company behind USD Coin (CRYPTO: USDC) has added support for Apple (NASDAQ: AAPL) Pay. What Happened: On Tuesday, Circle said that it would enable customers to purchase cryptocurrency such as Bitcoin (...

Jeremy Allaire, co-founder and CEO of Circle, said USD Coin (CRYPTO: USDC) stablecoin is unaffected by the crypto exchange FTX’s native token (CRYPTO: FTT) crisis.  What Happened: Allaire took to Twitter to share his thoughts on the Binance-FTX ...

The U.S. Treasury Department recently blacklisted the use of Tornado Cash, an open source project that allows users to hide their transactions. They claim Tornado has been used by North Korean hackers to launder over $7 billion in stolen cryptocurrency since 2019. In turn, Circle, issuers of the...

Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse. What Happened: Following the recent crypto market crash, Allaire addressed the USDC’s potential de-peg in a series of tweets on July 2. It is "understandable why...