USDC issuer Circle Internet Financial has announced a reduction in its focus in an effort to strengthen its balance sheet.
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Documents released by the Federal Deposit Insurance Corp (FDIC) revealed that Sequoia Capital and Circle were among the top depositors at Silicon Valley Bank. These high-profile clients were given backstops of up to $1 billion by the regulator.
Summary: Circle Internet Singapore was granted a Major Payment Institution license from the country’s Monetary Authority (MAS). The license allows...
Circle has ditched all U.S. Treasury bonds from the $24 billion reserve fund backing its USDC stablecoin. The move was in response to the ongoing debt ceiling crisis in the United States.
Summary: The Twitter account of Circle’s CSO and Head of Global Policy Dante Disparte was compromised on Wednesday. CEO Jeremy...
Summary: Stablecoin issuer Circle plans to set up shop in Paris and expand into other European markets from the French...
Circle CEO Jeremy Allaire has stated that his firm may be able to recover all of the $3.3 billion stuck at Silicon Valley Bank. In case the recovery is delayed, Circle will back USDC using external capital if necessary, he added.
Jeremy Allaire, the CEO of USDC issuer Circle, believes that the U.S. Securities and Exchange Commission is not the right regulator for stablecoins.