Circle CEO Jeremy Allaire told Bloomberg on Feb. 23 that the U.S. Securities and Exchange Commission should not be tasked with regulating stablecoins.

Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares.

USDC stablecoin issuer Circle has disclosed plans to increase its workforce by up to 25% despite canceling its deal to go public, Wall Street Journals (WSJ) reports.

As of February 19th, Circle issued a total of 9.7 billion USDC in the past week, redeemed 9.6 billion USDC, and increased circulation by approximately US$100 million.

Circle offers recommendations on how financial supervisors can support innovation while ensuring consumers’ best interests.

The issuer of the USDC stablecoin, Circle, released a response on Feb. 17 to the Central Bank of Ireland’s discussion paper on consumer protection, which called for industry insight into improving consumer-focused financial products.

Justin Sun Withdrew 80M $USDC From Circle Just Now

There were unconfirmed speculations that the SEC had issued a Wells notice to Circle, implying that the regulator intends to initiate enforcement actions against the firm.

Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante Disparte on Feb. 14.

Binance Chief Executive Officer Changpeng Zhao, fondly called CZ in the crypto space, has asserted that he does not believe a recent Bloomberg report that claims that Circle complained to regulators about Binance.