Jeremy Allaire: On-chain economy is coming
Jeremy Allaire, co-founder and CEO of Circle, said on social media that the on-chain economy is coming. Ideas that seemed far-fetched a few years ago can now be clearly explained with the technology and newly emerging clear regulatory foundations we have today. The internet financial system has arrived.
Circle announces partnership with SBI Holdings
Stablecoin issuer Circle announced a partnership with SBI Holdings to expand cryptocurrency innovation in Japan through USDC, banking, and Web3 services.
Circle launches cross-chain USDC standard
On November 21st, stablecoin issuer Circle has launched a cross-chain USDC standard, which is a new solution to expand USDC usage and reduce fragmentation.EVM blockchain and Rollup teams can now deploy a bridged USDC token contract, while providing flexibility to Circle for seamless future upgrades to native issuance.
Circle issued a total of 1.6 billion USDC in the past 7 days
According to data from the Circle official website, Circle issued 1.6 billion USDC and redeemed 1.6 billion USDC in the past 7 days, and the circulation did not change. As of November 16th, the total circulation of USDC was 24.1 billion, with a reserve of 24.2 billion US dollars, including 1.8 billion US dollars in cash, and the Circle Reserve Fund held 22.4 billion US dollars.
Cross-chain bridge Allbridge integrates Circle’s cross-chain transfer protocol (CCTP)
Cross-chain bridge Allbridge has announced the integration of its Allbridge Core with Circle's cross-chain transfer protocol (CCTP). This update enables Allbridge Core users to benefit from minimum slippage cross-chain transfers on all USDC routes that support CCTP. The new swapping options will provide support for USDC transfers between Avalanche, Arbitrum, and Ethereum.
VanEck Director: Not sure if Circle will IPO until USDC market share stabilizes
Matthew Sigel, head of digital asset research at VanEck Associates, said he is unsure if Circle will conduct an IPO until USDC's market share stabilizes. Earlier, Golden Finance reported that Circle Internet, a stablecoin issuer, is considering an IPO in 2024. Insiders revealed that the company is in discussions with advisors and preparing for a potential initial public offering, but the deliberations are still ongoing.
Circle cross-chain transmission protocol will be launched on the Cosmos ecological application chain Noble on November 28
On November 14th, Circle's cross-chain transfer protocol (CCTP) will go live on the Cosmos ecosystem application chain Noble on November 28th, allowing users to migrate USDC between blockchains in a single transaction, and any user on a blockchain that supports CCTP can transfer assets to Noble.<br>Circle's cross-chain transfer protocol (CCTP) on Noble allows users to easily, simply, and securely send their USDC directly from other chains to the dYdX Chain.
Circle Research releases "ECDSA Signature Robust Thresholds" white paper
Circle's co-founder and CEO Jeremy Allaire announced that Circle Research has released a white paper on "Robust Thresholds ECDSA Signatures" and an open-source Golang implementation of CGG+21 threshold signatures. The goal is to identify signature signers who behave improperly in real-time by combining the CGG+21 signature protocol with the CGG+21 traitor tracking protocol, allowing third-party observers to identify malicious signers in real-time to improve blockchain transaction security.
Circle Research also stated that the CGG+21 signature algorithm is a recommended update to GG18. Users of Binance tss-lib GG18 library can switch to Circle Research's CGG+21 signature module while retaining their existing keys. CGG+21 requires fewer communication rounds than GG18 and can significantly shorten signature time in cold storage scenarios.
Circle Launches Upgrade for USDC and EURC Stablecoins, Decreases Gas Costs and Increases Security
Circle, the stablecoin issuer, has launched an upgrade for its USDC and EURC stablecoins, which includes decreased gas costs, improved support for account abstraction, and increased security for transactions on EVM blockchains. The upgrade is fully backwards-compatible and does not require any action from developers or users. The blockchain security firm Halborn audited all the code changes, and Circle plans to roll out the upgrades starting on November 9th and completing them over the next few months. The upgrades will also include improvements to checking blocklists, better resilience against forks, and a one-time rename for the EURC symbol from EUROC.
Stablecoin issuer Circle Internet reportedly considering IPO in 2024
Stablecoin issuer Circle Internet is reportedly considering an IPO in 2024.
