Circle Reveals USDC Reserve Structure: 80% in Short-Term US Treasuries, 20% in GSIB Cash Deposits
The firm also holds modest funds at transaction banking partners in support of USDC liquidity operations.
Circle Announces USDC Launch for Cosmos via Noble Network
USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle.
Circle Brings USDC Stablecoin to Cosmos, Launches on Noble.xyz Soon
Circle also reveals that USDC is expected to launch on noble.xyz soon.
Voyager Sent $150 Million of USDC to Circle to Redeem for US Dollars
On-chain data show a new stage of Voyager Digital's effort to offload its crypto assets, as the shuttered exchange transferred $150 million in the USDC stablecoin to Centre, a joint venture between Coinbase and Circle.
Circle’s USDC To Launch on Cosmos
Circle’s USDC, the second-largest stablecoin on the market, is set to launch on Cosmos.
Circle CEO Says ‘Aggressive Regulatory Actions’ on Crypto Caused ‘Deep Market Anxiety’
Circle CEO Jeremy Allaire has warned about the risks facing the crypto market due to exposure to the U.S. Dollar and the regulatory risk in the U.S. financial system.
Xapo Bank Partners with Circle to Integrate USDC Payment Rails, Offering 4.1% Annual Interest Rate on Deposits
All USDC deposits are automatically converted to USD, allowing members to benefit from a 4.1% annual interest rate return on their deposits.
Xapo Bank Partners With Circle to Enable USDC Deposits and Withdrawals
Bitcoin custodian and licensed private bank Xapo Bank has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to SWIFT. Payment rails refer to the infrastructure and technology used to facilitate the movement of funds between parties in a financial transaction. Payment rails come in many forms, including traditional bank wires, credit card networks, and blockchain-based platforms.
Circle Confirms Chief Strategy Officer’s Account Was Hacked, Airdrop Thread Is ‘Not Legitimate’
Circle chief executive officer Jeremy Allaire confirmed that a Twitter thread promising USDC holders a one-time bonus in the form of an airdrop was bogus.
Circle USDC Stablecoin Redemptions Rise to About $6 Billion
On March 20, users redeemed $738.6 million USDC, while Circle issued less than $9 million of the token on the Ethereum blockchain, according to researcher CryptoCompare. The day before, customers redeemed $23.3 million as Circle issued $231 million on the network, data shows. Since the beginning of March, Circle burned about $12.2 billion USDC, while issuing about half as much on Ethereum, CryptoCompare found.
