USDC Issuer Circle Seeks Regulatory Approval in France Amid US Banking Troubles
USD Coin (USDC) issuer Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France — expanding its operations in Europe.
Crypto Evening Briefing: Over $1 Billion of Ether Has Been Lost Forever Due to Bugs and Human Error
More than $1 billion of ether has been lost forever due to bugs and human error, according to research by Conor Grogan, director of product strategy and business operations at Coinbase.
Circle Applies for French Crypto License As Stablecoin Issuer Expands in Europe
Stablecoin issuer Circle has applied for a French crypto asset license as part of a wider growth strategy for Europe.
USDC Issuer Circle Offered $3 Billion Emergency Backstop From Coinbase
A multi-billion dollar emergency credit facility from American crypto exchange Coinbase to Circle Internet Financial recently came to light. The credit line was reportedly offered to the USDC issuer last week after the collapse of Silicon Valley Bank. The bank contained $3.3 billion of Circle’s reserve deposits that backed the world’s second largest stablecoin.
USDC in Circulation Fell Over 10% Since De-peg Event
The stablecoin market has seen significant changes over the past few weeks — including the removal of over 7 billion USDC stablecoins from circulation following the depegging event on March 11.
Scam Warning: Circle Phishing Campaign Promises Fake USDC DeFi Swap
A phishing campaign falsely promising access to a new USDC DeFi trading platform emerged on social media on March 16.
Circle Says Substantially All USDC Minting, Redemption Backlogs Are Resolved After Wild Week
After the weekend’s depegging of the stablecoin, Circle, which issues USDC, has declared that substantially all the minting and redemption backlogs have been resolved.
Crypto Evening Briefing: Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million
Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.
Tether's Stablecoin Market Cap Now Double USDC After SVB Chaos
Tether’s stablecoin market capitalization swelled to nearly $75 billion on Thursday morning, its highest level since May 2022, data from CoinGecko shows.
Circle ‘Substantially Clears’ Backlog of USDC Redemptions
Circle — the embattled operator of stablecoin USDC — claims to have "cleared substantially all of the backlog of minting and redemption requests for USDC."
