Circle Warned Regulator About Rival Binance Stablecoin Last Year, Bloomberg Says
Circle filed a complaint with the New York State Department of Financial Services last year over rival Binance's "mismanagement of reserves" for its own tokens, Bloomberg News reported.
Circle USDC Circulation Dropped by $900 Million in the Past Week
According to Circle, from January 26 to February 2, Circle issued a total of USD 2.2 billion in USDC, redeemed USD 3 billion in USDC, and the circulation decreased by about USD 900 million.
USDC is Bypassing Cross-Chain Bridges
Circle has created a protocol that replaces cross-chain bridges — CCTP. The launch is planned in the middle of the first quarter of 2023 on Ethereum and Avalanche.
Circle Blames US SEC for Failed $9B Spac Deal
Circle, the company behind the USDC stablecoin, has blamed the US Securities and Exchange Commission (SEC) for its failed plans to go public.According to a new report by FT, the regulatory agency failed to sign off on the $9 billion deal.
Circle Says USDC ‘Is a Dollar With Super Powers’ at WEF, Pushes for More Inclusion
USD Coin (USDC) founder Circle attended the World Economic Forum (WEF) to explain “why USDC is a dollar with super powers.”
Circle Cross-Chain Protocol Approaches Launch Date
Circle – the issuer of the second largest stablecoin by market cap, USDC – is preparing to launch a permissionless protocol for letting users transfer their stablecoins between blockchains.
Circle CEO: Circle’s Cross-Chain Transfer Protocol (CCTP) Is Getting Closer to Launch
Jeremy Allaire @jerallaire, co-founder & CEO of Circle, wrote on Twitter: "Circle's Cross-Chain Transfer Protocol (CCTP) is getting closer to launch. Such an important piece of infrastructure that can help foster more scalable, efficient, secure and user friendly apps built on USDC."
Circle CEO: US Stablecoin Legislation Is ‘Lowest-Hanging Fruit’
Jeremy Allaire, CEO of peer-to-peer payment company Circle, is expecting the U.S. Congress to concentrate on stablecoin regulation this year for a simple reason.
Circle, Uniswap Research Says DeFi Can Solve $2 Trillion FX Risk Problem
Every day, about $2.2 trillion in foreign-exchange (FX) transactions carry a risk that the yet-to-be settled side of an agreement won’t meet obligations. But a new paper from Circle Internet Financial and decentralized exchange Uniswap Labs finds that a distributed ledger could solve that problem with simultaneous settlement.
Circle Invests 30% of Its USDC Reserves in US Treasuries Through a Reserve Fund
According to a disclosure page published by BlackRock, Circle has invested 30% of its USD reserves in the US Treasury via Circle Reserve Fund, which is managed by BlackRock. The value of the fund invested comes to approximately $13 billion. The aim is to boost transparency amid the FTX collapse.
