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
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
