FTX cryptocurrency exchange will let users deposit and withdraw Euro Coin on Solana. The USDC may now be transferred natively across blockchains. In the first half of 2023, Circle, a cryptocurrency payments business, will release Euro Coin, a stablecoin backed by the Euro on the Solana blockchain. At the Solana
Together with the asset manager, it established a government money market fund. The official blog article states that it will be exclusive to Circle. Circle, the stablecoin USDC’s issuer, recently made a public announcement that it will put a part of the USDC reserves into the Circle Reserve Fund. BlackRock
The USDC issuer reportedly kept recruiting new staff members in Singapore. Stablecoin issuer, Paxos, acquired the same digital-token payment services license. The Monetary Authority of Singapore (MAS) has given Circle Internet Financial, the issuer of the USDC stablecoin, preliminary clearance to hold a Major Payments Institution License. The firm will
The market capitalization of USDC dropped to $46 billion on Monday. Binance has converted all stablecoin holdings to its own Binance USD stablecoin. Circle’s stablecoin USD Coin has lost all of its early 2022 gains after a 7-week rise in May and June brought its market value beyond $56 billion,
The USDC stablecoin and Verite KYB credentials are now supported. Circle plans to provide certain Early Access clients with complimentary Verite KYB. Circle, a payments technology firm and issuer of USDC, announced on Saturday the creation of the first Verite KYB (know your business) credentials that are compatible with the
TBD will enable USDC stablecoin cross-border payments and self-custody. The firm will support the USDC stablecoin for a number of use cases. Jack Dorsey’s payment company Block’s subsidiary TBD has teamed with Circle. In order to develop open standards and open-source technology. This will facilitate the widespread use of digital
USDC support rises from eight to thirteen blockchains due to this new initiative. It was announced at Converge22 conference in San Francisco by Circle CEO. Due to the delisting of USDC from Binance and WazirX, Circle is looking to increase its presence on other blockchains to preserve its position in
The top 1% of addresses recently controlled 87.667% of all USDC. On-chain statistics show a sell-off of USDC over the previous two weeks. As the bear market in cryptocurrencies continues, the share of USDC stablecoins owned by significant wallet addresses has fallen to its lowest level in over two years.
There was a total of $13.58 billion in Circle’s bank accounts at regulated U.S. institutions. Treasury bonds presently hold an additional $42.1 billion. The stablecoin’s backers, Circle, published their first monthly summary of the token’s assets only last week. USDC is currently stored only in cash and three-month U.S. Treasury
The firm no longer has any commercial paper on hand. As of June 30, Circle had $42.1 billion in U.S. government bonds. A detailed analysis of the assets underlying the USDC stablecoin’s rising reserve has been made public by Circle, the payments startup behind the USDC. Circle’s Thursday report, although
