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Circle rebalances treasury holdings amid US debt default concerns

0xMain
May 12, 2023

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Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings. The business has chosen to keep a reserve portfolio heavily weighted toward short-term U.S. treasuries. The move to short-dated debt occurs as debate rages on among...

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Fed may block Circle from accessing liquidity

0xMain
April 26, 2023

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Circle, the issuer of USD Coin, may be deemed “ineligible” for access to the Federal Reserve’s money market due to new rules introduced by the New York Fed. The new guidelines are aimed at determining which parties are eligible to participate in the...

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US politicians Warren and Ocasio-Cortez probe Circle, BlockFi on SVB relationship

0xMain
April 12, 2023

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Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are questioning some of the largest depositors of the now-fallen Silicon Valley Bank (SVB), including USDT issuer Circle and bankrupt BlockFi. The lawmakers are seeking information about the companies’ relationship with SVB. The lawmakers sent letters...

Hacker hijacks Circle CSO’s Twitter account

0xMain
March 22, 2023

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According to an official statement published on March 22 by Circle, the company that is responsible for issuing the stablecoin known as USD Coin (USDC), the Twitter account of Dante Disparte, who serves as both the chief strategy officer (CSO) and director of...

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Circle applies for French license as it doubles down on Europe

0xMain
March 22, 2023

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Circle, a worldwide leader in digital financial technology and the creator of the digital currencies USDC and EUROC, has announced that it has applied for a French license. If approved, Circle will be recognized as an electronic money institution and a digital asset...

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Coinbase offered Circle $3b credit line to repeg USDC

0xMain
March 21, 2023

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Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back to its $1 peg. The latest development comes after USDC lost its peg...