Ripple Partner SBI Holdings and Circle Forge Alliance to Propel Japan’s Digital Currency Evolution with USDC and Web3 Services

Earlier today, SBI Holdings, Inc. announced a strategic partnership with Circle Internet Financial. SBI Holdings is a significant financial services company based in Tokyo, Japan, and led by Yoshitaka Kitao. Established in 1999, it has grown into a large conglomerate with a diverse range of financial services, including banking, asset management, brokerage, and insurance. SBI […]

Circle Restricts Stablecoin Minting for Individual Users, Tether Releases Its Q3 Auditors’ Report

Circle Internet Financial, the issuer of the USDC stablecoin (USDC), announced yesterday that it is discontinuing the ability for individual accounts to create stablecoins. A spokesperson from Circle told CoinDesk that the company is “phasing out support for legacy consumer accounts” and has informed the affected users about this change. However, this restriction will not […]

Visa Expands its USD Coin ($USDC) Settlement Capabilities to Solana

Global payments giant Visa has announced its latest move to modernize cross-border financial transactions. What Is USD Coin (USDC)? USDC, or USD Coin, is a type of stablecoin that is pegged to the U.S. dollar. Each USDC token is meant to be equivalent to one U.S. dollar, held in reserve by regulated financial institutions. The […]

Bitso and Stellar ($XLM) Join Forces to Streamline Global Payments via Anchor Network

Bitso, a leading cryptocurrency exchange in Latin America, has partnered with Stellar Development Foundation to enhance the global payment corridor between Latin America and the rest of the world. This collaboration leverages Stellar’s Anchor Network, a system designed to bridge the gap between the Stellar network and traditional banking systems, enabling seamless interoperability of all […]

Coinbase Ups the Ante: USDC Rewards Leap to 4%

Coinbase, the renowned digital currency exchange, has declared a twofold increase in its rewards for USD Coin (USDC) holders. The company made this announcement via a social media post on June 15, 2023, as reported by CryptoSlate. Previously, Coinbase customers who bought or stored USDC in their accounts were eligible for a 2% reward. Now, […]

Arbitrum Set for a Boost with Circle’s Native USDC Launch

In a move set to enhance the functionality of the Arbitrum ecosystem, Circle, the “global financial technology company helping money move at internet speed,” has announced the upcoming launch of its stablecoin, USDC, on the platform. Slated for June 8, 2023, this development will replace the existing Ethereum-bridged version of USDC with a native version. […]

On-Chain Analyst: One ‘Smart’ Entity ‘Made $4.14M by Trading $ETH During $USDC Depegging’

On Monday (March 13), the pseudonymous on-chain research team “Lookonchain” commented on the highly profitable trading behavior of one “very smart” whale that is controlling 15 $ETH addresses. They started by explaining why they were impressed by this entity: “Made $4.14M by trading $ETH during $USDC depegging! – Dumped $ETH before UST/LUNA crashed! – Buy […]

$USDC Regains Its Peg After U.S. Treasury Department Says Depositers of SVB Will Be Made Whole

On Sunday (March 12), the crypto market had a great to reason to cheer after U.S. Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg released a hugely important joint statement. As you probably already know, on Friday (March 10), Silicon Valley Bank (SVB) was […]

Circle: ‘This Is a Time of Heightened Uncertainty for the USDC Economy’

Circle Internet Financial (“Circle”), the issuer of the dollar-backed stablecoin USD Coin (USDC), has provided important assurances that should help to calm holders of the coin and the crypto market in general. In a blog post published on Saturday (March 11), Circle explained that Silicon Valley Bank (SVB) — which Californian regulators closed on March […]

USDC Loses Peg After Circle Says It Is Holding $3.3 Billion of Cash Reserves at SVB

On Friday (March 10), Californian regulators closed Silicon Valley Bank (SVB) — due to a capital crisis and a bank run — and placed it under the control of the US Federal Deposit Insurance Corporation (FDIC). SVB has $175 billion in deposits, 89% of which is uninsured. According to a report by Reuters, the FDIC […]

Coinbase Wants You to Convert Your $USDT to $USDC

On Thursday (8 December 2022), Coinbase announced that it had decided to make it easier for its “global retail customers” to convert Tether ($USDT) to USD Coin ($USDC), highlighting the latter’s good reputation without directing attacking the former. According to Coinbase’s blog post, customers are looking for stability and trust in the midst of market […]

Stablecoin $USDC Issuer Circle Adds Support for Apple Pay

On Tuesday (15 November 2022), FinTech firm Circle Internet Financial, the issuer of fiat-backed stablecoins USD Coin (USDC) and Euro Coin (EUROC), announced that “eligible businesses who build with Circle can now help further boost their sales by accepting Apple Pay.” Circle correctly claims that Apple Pay is “an easy, secure, and private way to pay” in […]

Crypto Derivatives Exchange Deribit Gets Hacked, “BTC, ETH and USDC Hot Wallets” Were Compromised

Just before midnight UTC on Tuesday (November 1), crypto derivatives exchange Deribit was hacked, and $28 million in $BTC, $ETH, and $USDC were stolen. That was the bad news. The good news is that “client funds are safe and loss is covered by company reserves.” Panama-headquartered Deribit, which was officially launched in June 2016, went […]

$ETH: Circle Not Bringing Its Stablecoin $USDC to Any PoW Forks of Ethereum

On Tuesday (August 9), Circle Internet Financial Limited — the issuer of fully-collateralized stablecoin USD Coin ($USDC), which was launched on Ethereum in September 2018 — made an announcement that made most Ethereum ($ETH) HODLers breathe a sign of relief. Here is how Ethereum Foundation explains The Merge (expected to take place around September 19): “The Merge represents […]

USDT vs USDC: A Look at the Leading Stablecoins

Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ. Looking at the differences between USDT and USDC is crucial for investors to […]

Circle CEO Explains Why Holders of Stablecoin USD Coin ($USDC) Should Feel Safe

On Sunday (July 3), Circle Internet Financial Limited Co-Founder, Chairman, and CEO Jeremy Allaire explained why holders of its fiat-collateralized and fiat-pegged stablecoin USD Coin (USDC) should not be worried (in the aftermath of the Terra ecosystem collapse). As Circle’s Chief Financial Officer Jeremy Fox-Geen stated in a blog post (titled “USDC Trust and Transparency […]

Voyager Digital: Exposure to 3AC Consists of 15,250 BTC and $350 Million USDC

On Wednesday (June 22), Voyager Digital Ltd. (TSX: VOYG), the owner of crypto trading platform Voyager Digital, announced that its operating subsidiary Voyager Digital, LLC “may issue a notice of default to Three Arrows Capital (‘3AC’) for failure to repay its loan.”  According to Voyager’s press release: Voyager’s 3AC exposure is 15,250 bitcoins and 350 […]

$AVAX Surges 41% Since Launch of USD Coin ($USDC) on Avalanche

Despite very difficult market conditions during the past few days, $AVAX has been enjoying bullish price action thanks to the arrival of Circle’s highly popular stablecoin USD Coin ($USDC) on Avalanche. What is Avalanche ($AVAX)? Below is a brief description of Avalanche from its developer documentation: “Avalanche is an open-source platform for launching decentralized applications and […]

MoneyGram Partners With Stellar and Circle for Blockchain-Powered Near-Instant Money Transfers

On Wednesday (October 6), MoneyGram International, Inc. (NASDAQ: MGI), one of the world’s largest money transfer companies, announced a partnership with the Stellar Development Foundation, a non-profit organization that supports the development and growth of Stellar, an open network for storing and moving money. According to the press release, this partnership will “enable cash funding and payout […]

Most Read