Stablecoin issuer Circle secretly files for IPO
The stablecoin issuer Circle has secretly submitted an IPO application.
Circle's USDC Stablecoin Falls to $0.74 Amid Market Sell-Off Following Bitcoin ETF Doubts
Circle's stablecoin USDC experienced three drops to as low as $0.74 against its trading pair USDT on Binance, before quickly bouncing back to $1, due to a lack of liquidity to maintain its $1 peg. This occurred during a marketwide sell-off triggered by a report suggesting that the SEC may reject spot bitcoin ETF applications this month. The USDC/USDT pair has a skewed 2% market depth on Binance, with $26 million in orders stacked up to $1.02 and $6.1 million in orders stacked down to $0.98, meaning that a sell order larger than $6.1 million would cause the price to fall below $0.98. Over $500 million in derivative positions were liquidated following the report by Matrixport.
Radiant Capital suspends lending market on Arbitrum for further investigation
According to a post by Radiant Capital on X, there have been reports of issues with the newly created native USDC market on Arbitrum. After verification by Radiant developers and the wider Web 3 security community, the Radiant DAO committee has temporarily suspended the lending market on Arbitrum.No action can be taken until the market on Arbitrum is released from suspension. Once the issue is fully resolved, a detailed post-mortem analysis will be released and the Arbitrum protocol will resume normal operation.
Circle cross-chain transfer protocol CCTP is integrated into dYdX Chain
Circle's cross-chain transmission protocol CCTP has been integrated into dYdX Chain, allowing users to transfer USDC on Ethereum, Avalanche or other chains to dYdX Chain via CCTP.
Cryptocurrency firms invest $78 million in political action committee Fairshake to channel support for cryptocurrencies
Cryptocurrency companies have significantly increased their donations to US politicians. Companies such as Coinbase, Circle, and a16z have invested $78 million in Fairshake, a federal super PAC that can receive unlimited funds from corporations and individuals for elections, with the goal of guiding "cryptocurrency-friendly leadership." Coinbase Chief Policy Officer Faryar Shirzad said, "We will do everything we can to depoliticize cryptocurrency." "Our lobbying, grassroots work, and now Fairshake will create space for the public to debate its benefits, rather than our industry being used as a political football by those who do not understand the social benefits of this technology."
Radiant Capital launches community proposal vote to use native USDC as collateral
Radiant Capital, a multi-chain lending protocol, initiated a community proposal to vote on using native USDC as collateral. The voting will continue until 8:00 PM Eastern Time on December 24th, 2023.
Circle has received conditional registration as a French AMF digital asset service provider
Circle has announced that it has received conditional registration as a digital asset service provider from the French financial market regulator (AMF). In order to further demonstrate the company's commitment to France and the European Union, Circle has also announced the appointment of Coralie Billmann, a senior figure in the payment industry, to lead its licensed business in France. The appointment of Coralie Billmann is still pending approval from regulatory authorities.
Circle Programming Web3 Wallet Platform Open for Public Beta
Circle Developers has announced the public beta launch of its programmable Web3 wallet platform for USDC stablecoin issuer Circle. The platform allows developers and merchants to integrate Circle's programmable wallet and customize it based on the user experience of their application. They can also choose suitable wallet security and control configurations, and build services on the platform for consumers to send, receive, and store cryptocurrencies, including Circle's USDC and NFT.
Circle Euro stablecoin EURC has been listed on the Solana network
According to an official announcement on December 18th, stablecoin issuer Circle announced that its Euro stablecoin EURC has been launched on the Solana network, making Solana the fourth blockchain where EURC can be natively used, along with Avalanche, Ethereum, and Stellar. Developers and users can now build and trade both EURC and USDC on Solana, sending, spending, and storing funds globally in a faster and more cost-effective way.
Circle and Fuze sign MOU
The issuer of the US dollar stablecoin USDC, Circle, has announced the signing of a memorandum of understanding with digital asset infrastructure provider Fuze, aimed at expanding the adoption of USDC stablecoins in the Middle East and North Africa region. The goal is to extend USDC to institutions such as banks, fintech companies, traditional enterprises, and Web3 companies in the relevant regions.
