Coinbase buys a stake in USDC stablecoin issuer Circle
Previously, Coinbase only assumed a minority role as a distributor and promoter of the Circles USDC project. Buying a stake in Circle means Coinbase is taking a more hands-on approach…
USDC issuer Circle receives a digital token licence in Singapore
Key takeaways Circle has received its Major Payment Institution (MPI) license for digital payment token services in Singapore. The company was first issued an in-principle approval in November 2022. Circle…
Circle says $3.3B of USDC reserves stuck at Silicon Valley Bank
Circle said it failed to remove $3.3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows…
Circle moves its USDC reserve deposits out of troubled Silvergate Bank
Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move…
Circle to increase staff by 25% months after aborting plans to go public
Circle’s move comes at a time when many firms in the industry are laying off workers. 41% of company layoffs in 2023 have so far come from the crypto industry.…
Crypto needs more public companies – collapse of Circle IPO indicative of industry troubles
Key Takeaways Circle issues the USDC stablecoin, the world’s fifth largest cryptocurrency with a market cap of $44 billion Circle announced plans to go public in July 2021 at $4.5…
Circle plan to go public is cancelled. What does it mean for stablecoin market?
Key Takeaways Circle, issuer of USDC, has cancelled a plan to go public in a $9 billion deal Public listing could have presented USDC as the anti-Tether, pushing a fully…
Coinbase, Tether, and Circle deny exposure to Alameda and FTX
Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes…
Circle expands support of Euro Coin to Solana
Circle, the issuer of USD Coin (USDC) and Euro Coin, is expanding access to Cross-Chain Transfer Protocol, its new permissionless cross-chain infrastructure, the global fintech firm announced during Solana Breakpoint…
Circle builds first proof-of-concept to eliminate data sharing using Verite
Circle Internet Financial has developed the world’s flagship proof-of-concept for “know your business” (KYB)… The post Circle builds first proof-of-concept to eliminate data sharing using Verite appeared first on CoinJournal.