Members of the U.S. Senate Banking Committee will be discussing various approaches to regulating cryptocurrencies on July 30, 2019. Jeremy...
Circle Internet Financial, a global fintech firm focused on the crypto and blockchain sector, is looking for a general partner...
Circle's CSO Dante Disparte has denied a rumor about the SEC issuing a Wells notice to his firm. The news was initially shared by Fox journalist Eleanor Terrett.
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.
Coinbase reportedly offered a $3.3 billion credit line to Circle to ensure liquidity for USDC following the FDIC's decision to shut down Silicon Valley Bank.
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.
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.
USDC issuer Circle Internet Financial has announced a reduction in its focus in an effort to strengthen its balance sheet.