Tag: Circle

Stablecoin passes the 200 billion markS
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December 12, 2024

Stablecoin Sector Surges to $200 Billion Market Cap – A New Milestone

The stablecoin sector has smashed through the $200 billion market cap milestone, fueled by surging demand across crypto markets, payments, and remittances. Key players like Tether and Circle are leading the charge, while innovative yield-bearing tokens are reshaping the landscape. Asset manager Bitwise sees the stablecoin market growing to $400 billion next year.
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The rise of stablecoinsS
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November 28, 2024

Stablecoin Trading Volume Soars to $1.8 Trillion in November 🚨

Amid the ongoing crypto bull run, stablecoins are breaking records! November saw trading volumes hit $1.8 trillion, fueled by institutional confidence and market momentum. However, the cybercrime and drug businesses also fuel the stablecoin usage. Tether and Circle dominate the space, but newer players like Ethena Labs' USDe are catching attention.
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PayRate42 rated stablecoin issuer with green compliance and green riskC
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October 3, 2024

Circle Joins U.S.-Led Initiative to Combat Illicit Finance in Virtual Assets!

Erik Rosenblatt, a senior leader at US stablecoin issuer Circle, will represent the company on the Illicit Virtual Asset Network (IVAN) board. Prior to joining Circle, Rosenblatt spent over two decades as a special agent with the U.S. Department of Homeland Security and the U.S. Department of the Treasury. As part of IVAN, Circle will have a voting role in determining the network's priorities and membership.
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PayRate42 rated stablecoin issuer with green compliance and green riskP
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July 4, 2024

PayRate42 Awards Circle with “Green Compliance” and “Green Risk” Ratings

Cyberfinance rating agency PayRate42 has awarded Circle, the issuer of the stablecoin USDC, with top ratings for both compliance and risk. The "Green Compliance" and "Green Risk" ratings reflect Circle’s adherence to stringent regulatory standards and its robust risk management framework. This recognition comes as Circle becomes the first stablecoin issuer to secure a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
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stablecoin issuser Circle prepares for IPOW
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January 13, 2024

Welcome To the Next Crypto Bull Run: Stablecoin Issuer Circle Prepares For IPO!

Oh yes, the crypto hype is back in town. Circle, the company behind the issuance of the USDC stablecoin, has made a significant step towards going public. According to a press release, the firm has filed confidential documents with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). This move comes notably just a day after the SEC's landmark approval of 11 spot bitcoin exchange-traded funds.
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Stablecoin issuer Circle secures DASP registration in FranceS
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December 22, 2023

Stablecoin Issuer Circle Obtained Conditional Registration as DASP In France!

Circle, the issuer of the stablecoin USDC, has taken a significant step in expanding its European presence by obtaining conditional registration as a Digital Asset..
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Binance transfers Russia business to CommEXC
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October 13, 2023

Circle Admitted As Amicus Curiae In SEC vs. Binance Lawsuit!

U.S. District Judge Amy Berman Jackson has reportedly issued several orders addressing outstanding motions in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and crypto trading platform Binance in preparation for an upcoming pivotal hearing. One of the significant orders Judge Jackson gave was the approval of an amicus brief submitted by USD Coin (USDC) issuer, Circle.
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Circle explains impact of Silicon Valley Bank collapse on stablecoin USDCU
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March 12, 2023

USDC Stablecoin Issuer Circle Provided Statement Of Impact Of SBV Collapse!

The Silicon Valley Bank's (SVB) sudden death on Friday triggered shockwaves in the already traumatized crypto scene. One of the victims of the SVB collapse was the USDC stablecoin, which is 100% collateralized with cash and US Treasuries. $3.3 billion of USDC’s cash reserves had been deposited with SVB at the time of the collapse. The USDC price dived but recovered quickly. USDC issuer Circle said they hope the regulators will find a solution that protects customers’ assets 100%.
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SVB collapse may trigger a bankrupcty tsunami in global startup ecosphereC
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March 12, 2023

Contagion Fear: Silicon Valley Bank Collapse May Trigger Global Startup Wipe-Out Tsunami!

According to a Reuters report, the U.S. financial sector and the startup scene are shaken by the sudden death of the Californian Silicon Valley Bank (SBV). The contagion fear reaches global dimensions. Financial industry executives, investors, and founders are concerned that the SBV collapse could result in a domino effect on other regional banks and startups. The regulators are urged to intervene to avoid a massive wave of startup wipe-out.
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May 29, 2019

Defend Crypto Crowdfunding Campaign – Messaging Service Kik fights SEC’s ‘Innovation Tax’

During the ICO hype in 2017, Canadian messaging app Kik raised about $100 million in an ICO with the issuance of their Kin token. Only..
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April 27, 2019

Circle Crypto Research – Institutional Cryptoassets Holdings Increased 40% In 1Q19

According to a Circle Research Report, cryptoassets under management (cAUM) increased by over 40% q/q in 1Q19 vs. the 22% q/q increase in 4Q18. This..
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November 30, 2018

COINBASE LAUNCHES OTC TRADING SERVICES FOR INSTITUTIONAL INVESTORS

After the 2017 hype, the crypto markets are still on the bottom. As always after such boom-bust cycles, the surviving providers are using the time..
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