Cryptocoins News / Blockchain - 1 year ago
Circle has released a mainnet protocol allowing users to transfer USDC between Ethereum and Avalanche. The Cross-Chain Transfer Protocol (CCTP) eliminates the need for USDC bridges and aims to reduce fragmentation in the Web3 ecosystem. (Read More)
Cryptocoins News / The Cointelegraph - 1 year ago
The United States must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO say...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Circle announced its Cross-Chain Transfer Protocol or CCTP to allow asset transfers between Ethereum’s blockchain and the Avalanche network.USDC users will be able to move stablecoins across Ethereum and Avalanche using CCTP, increasing...
Cryptocoins News / The Cointelegraph - 1 year ago
The new protocol burns coins on the sending chain, and mints new ones on the receiving chain. Circle, the creator of US Dollar Coin (USDC), has launched a mainnet prot...
Cryptocoins News / CoinJournal - 1 year ago
Key takeaways
Circle’s CEO Jeremy Allaire has blamed the banking crisis in the United States for USDC’s recent struggles.
USDC has lost roughly $13 billion of its value in recent months.
Allaire says investors are de-risking outside...
Cryptocoins News / The Cointelegraph - 1 year ago
The market cap of USDC, a stablecoin issued by Circle, has reduced nearly by half over the past six months following a regulatory crackdown and banking crisis. Circle...
Cryptocoins News / The Cointelegraph - 1 year ago
Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed's money market. The New York Federal Reserve has published new...
Cryptocoins News / The Cointelegraph - 1 year ago
The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”...
Cryptocoins News / The Cointelegraph - 1 year ago
Circle and BlockFi executives were questioned after the lawmakers accused Silicon Valley Bank of “coddling” and giving “white glove” treatment to its largest depositors....
Cryptocoins News / The Cointelegraph - 1 year ago
Circle’s Asia-Pacific vice president said the company currently holds 80% of its reserves but would ultimately like to keep all cash with the Fed in light of the recent banking crisis....
Bitcoin News / Bitcoin.com - 1 year ago
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access...
Cryptocoins News / The Cointelegraph - 1 year ago
The stablecoin will be launched on the Noble network, making it available to all 50-plus Cosmos IBC blockchains. USD Coin (USDC) will soon be available in the Cosmos e...
Cryptocoins News / The Cointelegraph - 1 year ago
Crypto firms that have had the strongest position with United States regulation are now considered “unsafe,” Circle CEO Jeremy Allaire stated. The ongoing crisis and u...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
The Twitter account of Circle’s CSO and Head of Global Policy Dante Disparte was compromised on Wednesday.CEO Jeremy Allaire confirmed that Disparte was hacked after his account tweeted a fake USDC airdrop link.Phishing scammers have ta...
Cryptocoins News / The Cointelegraph - 1 year ago
“Any links to offers are scams. We are investigating the situation and taking action accordingly,” wrote USDC issuer Circle. According to an official post on March 22...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Stablecoin issuer Circle plans to set up shop in Paris and expand into other European markets from the French capital.The crypto payments company also applied for an e-money service provider license as part of its growth strategy in Eur...
Cryptocoins News / EthereumWorldNews - 1 year ago
Coinbase reportedly offered a $3 billion credit line to Circle last week.& The funds were meant to serve as a backstop for the reserve that backs USD Coin.& The emergency credit line was offered after Silicon Valley Bank’s collapse, which he...
Bitcoin News / Bitcoinist - 1 year ago
USDC stablecoin investors panicked when Circle announced its exposure to the shuttered banks, and Circle’s latest report on USDC Reserves and attestation from Deloitte, the global audit company, confirms the connection.
However, in a new development...
Bitcoin News / Bitcoinist - 1 year ago
As the FTX bankruptcy case continues, the administrators continue to discover critical issues that could have led to the crash. Recall that the founder and CEO Sam Bankman-Fried mismanaged the customers’ funds leading to the exchange crash last year....
Cryptocoins News / Blockchain - 1 year ago
Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market...