Category: Circle

Stablecoin USDC Launches on Hedera Network

Stablecoin USDC Launches on Hedera Network

Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With the addition of USDC as the first stablecoin in […]

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Circle launches USDC stablecoin on Hedera network

Circle launches USDC stablecoin on Hedera network

Circle, the issuer of the USDC stablecoin, has expanded the coin’s support to the Hedera Hashgraph blockchain network. This makes USDC the first stablecoin available on Hedera. Launched in 2018, Hedera is a proof-of-stake blockchain network owned and governed by different organizations, including Google and IBM. These organizations run “permissioned” nodes on the network. Over […]

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Circle continues to face investigation from SEC’s Division of Enforcement, filing states

Circle continues to face investigation from SEC’s Division of Enforcement, filing states

The Securities and Exchange Commission continues to investigate the stablecoin-focused crypto company Circle, according to a regulatory filing from October 4. As spotted by CoinDesk reporter Danny Nelson, Circle first received what it called an “investigative subpoena” from the SEC’s Division of Enforcement back in July. The subpoena was first disclosed in an S-4 filing […]

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USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months

USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months

As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen its capitalization increase a great deal, rising more than $10 billion in 125 days. Since May, USDC’s Market Cap Increased by 54% In recent times, […]

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Centre Consortium Working to Create ‘Global Network’ of Stablecoins

Centre Consortium Working to Create ‘Global Network’ of Stablecoins

Centre, the consortium created by Circle and Coinbase around USD coin (USDC), has assembled a team of new executives to power its expansion overseas. The new team, comprising six new executives assembled by David Puth, CEO of Centre, will look to support new partners and add new alliances to keep the company growing in the […]

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USDC issuer Centre announces new team to create ‘global network of stablecoins’

USDC issuer Centre announces new team to create ‘global network of stablecoins’

Centre, the consortium founded by Circle and Coinbase that oversees the USDC stablecoin, has announced a new team to expand globally in the coming years. The new team comprises of six people, including C-suite executives — John Shipman as chief commercial officer, Mark duBose as chief risk and compliance officer, Beth Zolkind as chief financial […]

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Circle Changes USDC Reserve Composition To Cash and Treasury Bonds

Boston-based digital currency company Circle, with the support of Centre and Coinbase, has announced that it will change the composition of USDC reserves to cash and short-term US Treasury Bonds.  Per Grant Thornton’s attestation, Circle expanded beyond cash and cash equivalents already in May 2021, However, witnessing the evolving regulatory landscape and scrutiny in the […]

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Everything you need to know about the stablecoin wars

Everything you need to know about the stablecoin wars

Quick Take Recent months have seen drastic changes in the information that stablecoin operators disclose to the public.  Now, these major operators are locked in a competition to out-transparency each other. Understanding what’s going on now requires first understanding the historical context. This feature story is available to subscribers of The Block Daily. You can […]

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Did Coinbase Lie About USDC to Investors? Here’s How It Could Backfire

Coinbase, the largest crypto exchange in the US had a long-running advertisement on its platform regarding the second-largest stablecoin USDC. The advertisement promised every dollar paid to investors would be used to back the USDC with $1 “in a bank account.” The Coinbase partnership has proven fruitful for the stablecoin as it managed to become […]

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