Circle CEO Jeremy Allaire is set to testify before the US House Financial Services Committee today, urging lawmakers to prioritize the primacy of the US dollar and pass essential stablecoin legislation. In a June 12 blog post, Allaire unveiled his prepared remarks that...
USDC issuer Circle remains bullish about its future prospects despite recent liquidity challenges triggered by the collapse of Silicon Valley Bank. Despite facing significant redemptions amidst the US regional banking crisis in March 2023, driven by fear and uncertainty surrounding Circle’s reserves held...
Circle, the issuer of the USDC stablecoin, is expanding its presence in the Asian market with a new license to operate in Singapore. The Monetary Authority of Singapore (MAS), the country’s central bank, has granted the company’s Singapore division, affiliated with Circle Internet...
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...
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...
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...
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...
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...
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...