Circle is extending its interoperability suite via Arc beyond USDC, using native CCTP transfers for EURC and cirBTC. EURC now has connections with Arc, Avalanche, Base, Ethereum, and World Chain, and cirBTC has connections with Arc and Ethereum. Circle initially introduced EURC support into CCTP via Ethereum and Base chains
Nu Holdings, the Brazilian fintech behind Nubank, Latin America’s largest digital bank, has launched Nu Global, a multi-currency digital account that automatically converts deposits into Circle‘s USDC and EURC stablecoins. The launch comes alongside a formal entry into the United States market, marking the company’s first move beyond its core
OpenPayd, a financial infrastructure provider, has integrated with Circle Payments Network (CPN) to enable near-instant cross-border fiat payments for businesses. The integration uses stablecoin infrastructure for settlement, without requiring businesses to manage blockchain technology directly. This allows businesses using OpenPayd to send and receive fiat currencies, while stablecoins such as
The class action complaint against Circle Internet Group was initiated by an investor in the Drift Protocol. The investor claims that Circle failed to seize the $280 million in funds that were taken in the April 1 hack of the protocol. In a US district court in Massachusetts on Wednesday, Drift
Circle gave feedback on the European Union’s Market Integration Package, with a focus on enhancing the clarity of regulations in the digital asset space. The company emphasized the need for unified regulations that bring together supervision, licensing, and operational regulations Officials emphasized that a unified framework could help simplify compliance
The announcement follows Cardano’s introduction of its new stablecoin, USDCx, which Circle backs 1:1 with its widely used USDC. The launch of USDCx has further enhanced Cardano’s footprint in decentralized finance. Cardano introduced the new stablecoin as an interoperable asset that can operate across connected blockchain networks. The team introduced
Morph is bringing USDC stablecoin and the Cross-Chain Transfer Protocol (CCTP) by Circle to its native network. The objective is to expand the stablecoin settlement for an infrastructure that is focused on payments. A notable high of the integration is the utilization of the burn-and-mint model, eliminating bridge liquidity pools.
Circle is doubling down on USDC as a building block of crypto finance infrastructure for businesses. Rather than promoting USDC solely as a trading stablecoin, Circle is now positioning it as digital dollar infrastructure for global payments, settlements, and treasuries. This approach is consistent with the trend observed in the
Circle’s USDC has dominated the U.S. institutional market for so many years. Now analysts say that Tether’s newly launched USAT could become the first credible domestic challenger to USDC. What is USDC USAT is a dollar-backed stablecoin created for use inside the United States. USAT is designed to meet the
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
