Summary: There has been a rumor circulating on crypto-twitter that Circle’s USDC stablecoin is on the brink of collapse. According...
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Circle USDC
Circle prepares a second stablecoin backed by euros to meet institutional demand.
Summary: USDC’s reserves are 77.1% ($39 billion) in US Treasuries and 22.9% in Cash ($11.6 billion) The reserves are worth...
USDC Issuer Circle agrees hefty $400 million investment with worlds largest asset manager Blackrock
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...
Summary: Crypto exchange Coinbase reinstated USDC/USD conversions on Monday after turbulence over the weekend. Circle previously halted stablecoin minting after...
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.