Circle is reportedly debuting USDC on six new blockchains including Polygon PoS, Base, Optimism, Polkadot and Cosmos.
USDC issuer Circle Internet Financial has announced a reduction in its focus in an effort to strengthen its balance sheet.
USD Coin Issuer Circle has tapped former CFTC Chairman Heath Tarbert to serve as its new Chief Legal Officer and Head of Corporate Affairs.
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.
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.
The turmoil induced by the fall of Silicon Valley Bank has led to USDC losing its dollar peg. The stablecoin fell as low as $0.87 earlier today as holders flocked to other crypto assets.
Jeremy Allaire, CEO of Circle Internet Financial, a leading global finance firm focused on blockchain technology, pointed out that China...
Circle Internet Financial, a global fintech firm focused on the crypto and blockchain sector, is looking for a general partner...