The Chief Executive Officer of Circle, Jeremy Allaire, mentioned that USDC, a stablecoin pegged to the US dollar, was meant to operate independently from other traditional payments technology companies like Visa and Mastercard. In his speech on CNBC’s Squawk Box during the recently concluded Economic Forum held in Davos, Allaire
In a move that could redefine national finance, Circle and Coinbase are collaborating with the Bermuda government to create the world’s first entirely on-chain national economy. Both companies operate as a support to integrate blockchain technology and give Bermuda the tools to process digital payments, like issuing stablecoins, and help
Tether and Circle minted USDT and USDC, respectively, and the crypto market is curious about the reason. Both transactions happened in just 12 hours on different networks for a total of 2 billion tokens. The development comes at a time when crypto prices are fluctuating – teasing highs one moment
Despite a general market drop that led to a decrease in the prices of digital assets and related equities, ARK Invest went on with aggressive purchases in the crypto sector on Friday. The company invested in various stocks, focusing on Bullish, BitMine, Circle, Robinhood, and Bitcoin exchange-traded funds in its
Tether and Circle, the companies behind the world’s top stablecoins, are meeting with leaders from South Korea’s four biggest banks this week. According to Yonhap News Agency, these talks will focus on possible partnerships. Including ways to distribute US dollar backed stablecoins like USDT and USDC in South Korea and
Ark Invest, run by Cathie Wood, is engaged in a strategic profit-taking on the impressive post-IPO performance of Circle, selling off another large position this week. At the same time, the investment company increased its holdings in Robinhood and Coinbase, which indicates the persistence of trust in digital asset platforms.
BitMEX co-founder Arthur Hayes is sounding the alarm for anyone getting too comfortable with the new wave of stablecoin IPOs. In a recent blog post, he didn’t hold back, comparing these offerings to a “hot potato” and warning traders to treat them as short-term flips, not long-term investments. Hayes points
Circle, one of the world’s leading issuers of USDC—a stablecoin pegged to the U.S. dollar—had a significant first day as a publicly traded company. When it debuted on the New York Stock Exchange on June 5, Circle’s stock price soared to $83.23, an impressive 168% jump above its initial offering
Circle Internet Group, a stablecoin issuer, went public today with an initial public offering valued at $1.1 billion. The value is much higher than it was originally expected. On June 4, the company that offers the second-most used stablecoin, USDC, sold 34 million shares at $31. Exceeding what investors expected
In a step which shows its increasing role and confidence in the crypto space. $11 trillion asset manager BlackRock is set to buy 10% of Circle’s shares in the company’s upcoming Initial Public Offering (IPO). According to a recent SEC filing. The stablecoin issuer, popularly known as the company behind
