Tag: Circles
Circle’s USDC instability causes domino effect on DAI, USDD stablecoins
The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Ban [...]
Circle’s USDC Stablecoin Endures $1B Net Redemptions Since Silicon Valley Bank Shutdown, Nansen Data Shows
USDC is the second-largest stablecoin, trailing only Tether’s USDT, and a backbone of the crypto ecosystem. The token’s value is backed by U.S. govern [...]
Circle’s exposure to U.S. banks could top $9B
USD Coin (USDC) issuer Circle exposure to the United States banking system sits near to $9 billion, according to its latest audit report from January. [...]
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
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Paxos Halt of BUSD Stablecoin Issuance Derails Binance Strategy for Global Dominance, With Tether’s USDT, Circle’s USDC, Maker’s DAI as Likely Gainers
In the largest BUSD pool on decentralized finance (DeFi) protocol Curve, where traders can swap between stablecoins, traders almost depleted the USDT, [...]
SEC Derailed Circle’s Plans To Go Public via SPAC Deal: Report
“The business combination could not be consummated before the expiration of the transaction agreement because the SEC had not yet declared our S-4 reg [...]
Meta Dips Toe Back Into Policy Circles to Boost Metaverse
Meta hopes for an eventual “interconnectability” between the different global jurisdictions that will be wrestling with rules for the metaverse econom [...]
Back to Square One? Circle’s USDC Market Cap Drops Below $50B for First Time Since Terra’s Collapse
"BUSD has seldom been used in DeFi and is not near the top 10 pools of Curve, Uniswap, Aave etc. USDC usage, however, remains strong. Four of the top [...]
Circle’s Cautious USDC Approach Has Paid Off, Despite Missteps
Last week, by contrast, Circle issued a detailed asset breakdown which, though unaudited, claimed that Circle’s USDC stablecoin is backed entirely by [...]
Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin
The asset breakdown comes at a time when crypto firms and their finances are under increased scrutiny in the on-going crypto credit crisis.
www.coind [...]
Bitcoin circles $20K pre CPI amid warning Fed risks ‘blowing up’ economy
Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data.BTC/USD 1-hour candle chart (Bitst [...]
Spirit-Frontier merger in question after another vote delay, JetBlue circles
The fate of Spirit Airlines' merger with fellow budget carrier Frontier Airlines is growing murkier.Spirit this week delayed its shareholder meeting f [...]
Circle’s USDC on track to topple Tether USDT as the top stablecoin in 2022
The growth of Circle's native stablecoin USD Coin (USDC) in the last two months compared to its $66-billion rival giant Tether (USDT) is nothing short [...]
New York Community Bank to Hold Assets Backing Circle’s USDC
“By partnering with NYCB, we are opening up new pathways for community banks and MDIs across the country to be key participants in the fast growing di [...]
Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate
You know it’s going to be a fiery conversation when one of the panelists says “F**k the Fed” in his opening statement.
www.coindesk.com [...]