Search Results for "circle"
FIS Worldpay Partners with Circle for Merchant Payment Settlements in USDC Stablecoin
By partnering with Circle, Worldpay will enable merchants to have the ability to receive settlement directly in USDC stablecoin.
Circle Inks Strategy Partnership with Bancorp for USDC Custody
Circle Internet Financials LLC, the blockchain company responsible for the issuance of the USDC stablecoin, has announced its latest partnership with New York Community Bank (NYCB).
US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth
The US Treasury Department officially designated China as a “currency manipulator” on Monday following the largest stock market losses the U.S has seen in 2019.
Circle Partners With Grab for Web3 Pilot in Singapore
Circle Internet Financial and Grab are partnering to pilot Web3 customer experiences in Singapore. The 'Grab Web3 Wallet' will integrate Circle's Web 3 Services platform into the Grab app, offering users a seamless experience with blockchain-enabled wallets. This pilot aligns with Singapore's Project Orchid initiative, aiming to explore the potential of digital currencies and blockchain technology in real-world applications. Circle's Web3 Services represent a bridge between Web 2.0 and Web3.
MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk
The share plunge of the cryptocurrency market has severely hit MakerDAO, the leader in the decentralized finance (DeFi) ecosystem. Last week its market value fell sharply from 889M to $246M which brought together Maker’s developer community who have recently discussed adding support for Circle’s USDC as collateral to hedge against the liquidity risk.
Stablecoin USDC Issuer Circle to Apply for U.S. Crypto Banking License
Circle Internet Financial, the second-largest stablecoin USDC issuer, said it is now close to submitting an application to U.S. regulators to operate as a bank.
USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO
Jeremy Allaire, the founder and CEO of USDC stablecoin issuer- Circle, shared on Twitter about the firm and how to place in a better position financially, despite the ongoing crypto market meltdown.
Circle Introduces Native USDC on OP Mainnet: What It Means for the Ecosystem
Circle launches native USDC on OP Mainnet, replacing Ethereum bridged liquidity. Collaborating with Optimism, it will be available on Coinbase's Base, Solana, Ethereum, and Mercado Pago.
Circle's USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability
Circle's $3.3 billion worth of USDC reserves held at Silicon Valley Bank (SVB) have not been processed, raising concerns over the stability of the cryptocurrency. This follows the disclosure that 20% of Circle's USDC reserves were held in several financial institutions, including the recently bankrupted Silvergate and the now-shuttered SVB. The world of cryptocurrencies has been characterized by volatility, leading to concerns over their stability and reliability as a store of value. One cryptocurrency that has been touted as a more stable alternative to Bitcoin is USD Coin (USDC), a stablecoin that is pegged to the US dollar.
Circle Integrates zkSync for USD Coin
Circle has integrated Ethereum's zero-knowledge layer-2 solution zkSync into its native stablecoin, USD Coin, enhancing transaction processing speed and preserving Ethereum's foundational values, thereby expanding its availability in the Ethereum layer-2 ecosystem.
Mastercard Enhances Crypto Wallet and Exchange Business
Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to convert crypto and traditional fiat money more accessible.
Circle Doubles Value to $9B with New Deal with Concord Acquisition Corp
Fintech company Circle Internet Financial has revamped its merger agreement with Concord Acquisition Corp (NYSE:CND) through a special purpose acquisition, doubling its valuation to $9B from the $4.5 billion initially announced in July 2021.