Major crypto firms, including Ripple, Circle, and Kraken are actively seeking seats on Trump’s advisory council to influence U.S. digital asset policies. Trump’s crypto-friendly stance has driven Bitcoin to record highs near $100,000, with Coinbase and a16z also vying for council involvement. Major crypto companies are eager to join President-elect Donald Trump’s proposed crypto advisory…
November 4, 2024 at 12:35 PM GST updated: November 4, 2024 at 10:56 AM 2 mins read Crypto Live News Circle eyes expansion in HK and is awaiting new stablecoin regulations to guide next business steps. Circle partners with HKT and is planning blockchain-based loyalty solutions for HK merchants. Upcoming HK regulations may reshape stablecoin…
Stablecoin issuer Circle announced on Tuesday that it had signed a Memorandum of Understanding (MOU) with HKT, a major player in technology, media, and telecommunications. The main objective of this collaboration is to explore opportunities for creating blockchain-based loyalty solutions tailored to Hong Kong’s merchant landscape. Circle-HKT Collaboration According to the blog post, Circle’s expertise…
October 29, 2024 at 11:45 PM GST updated: October 29, 2024 at 11:10 PM 3 mins read News Circle and HKT partner to develop blockchain-based loyalty programs for Hong Kong merchants, aiming to enhance consumer engagement. The collaboration aligns Circle’s Web3 solutions with HKT’s goals, offering merchants blockchain tools for simplified loyalty management. Circle’s move…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ethereum, a leading blockchain platform known for its smart contracts, is set to improve privacy for its ERC-20 tokens. Circle, a stablecoin issuer is leading this change. In collaboration with Inco Network, Circle’s research team released a Whitepaper called “Confidential ERC-20 Framework,” which explains how to make ERC-20 tokens…
Circle has signed an MOU with HKT to explore a blockchain-based customer loyalty solution for merchants in Hong Kong. Hong Kong is considering imposing new tax concessions for virtual assets. Circle, the issuer of the stablecoin USDC, has officially signed a Memorandum of Understanding (MOU) with Hong Kong Telecom (HKT) to explore a blockchain-based customer…
Jeremy Allaire, CEO of Circle, has predicted that stablecoins will grow to capture up to 10% of the money supply in the next 10 years. Allaire highlighted that even with the recent expansion of stablecoins, it is still in the early stages of this crypto class. Circle CEO States Stablecoins Will Become a $10 Trillion…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Circle’s euro-pegged stablecoin, EURC, is making headlines in the crypto market as it surpasses a significant milestone. The prominent stablecoin has reached a remarkable All-Time High (ATH) supply of over 90 million tokens. This surge is largely driven by the rapid growth of the Ethereum Layer 2 network, Base,…
Circle‘s Dante Disparte expects the United Kingdom to roll out its stablecoin conditions in the coming months. After recent market failures, the UK’s cautious approach to crypto regulation has allowed it to put itself in a good position, according to Disparte. But he said the country must act quickly or risk falling behind other jurisdictions….
Circle has introduced native USDC on the Sui blockchain, giving developers and users direct access to USDC without relying on bridges. This launch supports Circle’s multi-chain approach, utilizing Sui’s features for fast, secure, and scalable applications. USDC Goes Native on Sui Chain Circle explained that the native integration of USDC on Sui enables developers to…
Amid the arrival of Ripple’s new RLUSD offering, the stablecoin market has found a new challenger to the ongoing dominance of Circle and Tether. Indeed, a report from CryptoQuant shows that stablecoin liquidity has reached a new record of $169 billion. That should only increase with the newcomer looking to create a big three. There…
The EU’s MiCA was introduced in June, but won’t take effect until December Coinbase will deliver an update to its EU customers in November on how to switch their stablecoins to EU-compliant ones Circle was the first stablecoin issuer to receive an e-money license under MiCA regulations Crypto exchange Coinbase is to delist stablecoins that…
Coinbase plans to remove all non-compliant stablecoins from its platform in the European Economic Area (EEA) by the end of the year. This move aligns with the company’s efforts to adhere to the European Union’s upcoming Markets in Crypto-Assets (MiCA) regulations. MiCA seeks to establish a regulated digital asset framework that balances user protection with…
Raydium’s Teleport simplifies cross-chain transactions between Ethereum and Solana. The feature allows 1-click swaps using USDC and Circle’s CCTP for faster transactions. Raydium has launched Teleport, a groundbreaking feature that enables seamless token transfers from Ethereum-based networks to the Solana blockchain. This new tool leverages the Wormhole network to simplify cross-chain transactions. Consequently, users can…
Mark Carnegie’s MHC Digital Group is partnering with Circle Internet Financial to expand the distribution of the stablecoin USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific (APAC) region. This strategic collaboration aims to help superannuation funds and high-net-worth individuals avoid significant bank fees by leveraging USDC, which has a market capitalization…
Circle is expanding its USDC stablecoin operations into Australia and the Asia-Pacific region. Venture capitalist Mark Carnegie’s MHC Digital Group facilitates the USDC expansion. Circle, the issuer of leading stablecoin USDC, has announced its expansion into Australia and the Asia-Pacific region, marking an important step in its global strategy. This move comes through a partnership…
Circle, a stablecoin issuer, intends to move its headquarters to Wall Street in 2025 and is preparing for a first public offering (IPO). Notwithstanding these endeavors, Circle remains subordinate to Tether, the industry leader, which commands a 70% share. Tether has designated Jesse Spiro, the former director of regulatory relations for blockchain and cryptocurrency at…
In January, Circle submitted an IPO application to the US SEC. Regardless of these actions, Circle is still falling behind Tether, the market leader. In 2025, Circle, an issuer of stablecoins, intends to relocate its headquarters to Wall Street, as stated by CEO and founder Jeremy Allaire. The company is also proceeding with its initial…
September 19, 2024 at 08:28 PM GST updated: September 19, 2024 at 04:47 PM 2 mins read News Sui Network’s integration of native USDC and CCTP boosts its DeFi and gaming ecosystem, enhancing developer opportunities. CCTP enables smooth cross-chain USDC transfers on Sui, improving transaction efficiency between blockchains like Ethereum and Solana. Sui will transition…
Circle is partnering with Sony Block Solutions Labs to launch USDC on Soneium, Sony’s Ethereum Layer-2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium, part of the economy of the Sony blockchain ecosystem. “By integrating Circle’s financial infrastructure with Soneium, we are set to redefine the landscape of digital entertainment and finance,”…
Circle’s USDC will soon be available on the Sui blockchain, enhancing DeFi liquidity and transaction efficiency for developers and users. Sui’s ecosystem now supports over 85 decentralized apps (dApps), positioning it as a significant player in the blockchain and DeFi sectors. Circle has announced that its native stablecoin, USD Coin (USDC), will soon be available…
Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange….
In what should be an important development for the stablecoin, Circle has expanded access to its USDC offering in both Brazil and Mexico. Indeed, the token is using local payment systems to grow the potential user base for the cryptocurrency. This should push increased adoption for the second-largest stablecoin by market cap. The company announced…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Sui Network, a prominent layer-1 blockchain, has announced the integration of native USD Coin (USDC) and the Cross-Chain Transfer Protocol (CCTP) to enhance its scalability and interoperability. This development is expected to significantly expand the utility of Sui’s ecosystem, particularly in decentralized finance (DeFi), gaming, decentralized infrastructure, and e-commerce…
Stablecoin issuer Circle is expanding its native issuance of USD Coin (USDC) and deploying its Cross-Chain Transfer Protocol on the layer-1 blockchain Sui. In a Sept. 17 X post, Evan Cheng, co-founder and CEO of Mysten Labs, revealed that his firm’s blockchain—Sui—has partnered with Circle to bring USDC to the network. Cheng did not provide…
September 16, 2024 at 07:28 PM GST updated: September 16, 2024 at 04:23 PM 2 mins read News Circle’s move to 1 World Trade Center celebrates 11 years of innovation, marking a major milestone for USDC and the crypto sector. Jeremy Allaire is confident in the US’s role in cryptocurrency, despite previous regulatory concerns, as…
Circle is looking to extend the use of its USDC stablecoin to the new high-flying Ethereum layer-2 blockchain network, Soneium, according to a Sept. 16 statement shared with CryptoSlate. The move aims to make bridged USDC a integral token for value exchange on Soneium. This will utilize Circle’s Bridged USDC Standard, enabling the deployment of…
Tether, Circle, Paxos, and Techteryx, four of the leading stablecoin issuers, have identified and frozen wallets associated with the Lazarus group, a North Korean hacking group. These wallets containing millions of cryptocurrencies are believed to be involved in laundering of funds from various cryptocurrency thefts. The multiple cyber crime incidents orchestrated by the Lazarus Group…
Circle officially cut the ribbon on Friday to its new headquarters at the iconic 1 World Trade Center in New York as it seeks proximity to Wall Street. CEO Jeremy Allaire says the move is inspired by his belief that the US is still the best country to build a crypto company and will improve…
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed…
Market News The inability to promptly ban wallets implicated in criminal activity prompted the criticism. Compared to other large stablecoin issuers, Circle waited 4.5 months before blacklisting assets. Blockchain investigator ZachXBT has accused USDC issuer Circle of ‘profiting’ from transactions associated with the North Korean hacking outfit Lazarus, and the claims are serious. Web3 investigative…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Stablecoin issuers Tether and Circle have blocked wallet addresses linked to the notorious North Korean hacker group Lazarus Group. According to ZachXBT’s investigation, other stablecoin issuers, like Paxos and Techteryx, also backlisted Lazarus Group. These wallet addresses are reported to hold $4.96 million in various stablecoins, including USDT, Circle’s…
BBVA has integrated stablecoin USDC into its services in Switzerland, allowing institutional clients to manage USDC alongside traditional investments. This move enhances efficiency and enables faster, secure crypto trading. The USDC addition follows previous integrations of bitcoin and ether, expanding BBVA’s digital asset solutions for clients. BBVA Adds USDC to Enhance Institutional Crypto Services in…
The Solana network’s importance has only been reinforced as it has helped drive Circle’s USDC stablecoin past the $16 trillion mark in total volume. Indeed, the second-largest stablecoin by market cap has continued to prove its worth through its performance. Yet, it has also proven the word of the Solana blockchain. The milestone is also…
Circle’s USD Coin (USDC) stablecoin has crossed the $16 trillion mark in total cumulative volume. While this number falls short of traditional financial powerhouses like Visa, which processed over $12 trillion in payments just last year, it highlights the remarkable growth of stablecoins. Despite their relatively short existence, stablecoins have quickly established themselves as key…
The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the…
A big step in making this stablecoin more accessible has been Coinbase’s decision. On August 28, consumers will have access to this new development. Coinbase has announced that it would offer EURC, Circle’s euro-backed stablecoin that integrates with Solana. With more and more eyes on the crypto industry, the stablecoin market is seeing more attention…
EURC, a Euro-pegged stablecoin by Circle, the issuer of USDC, has reached a market cap of over €50 Million ($55.37 million). According to Patrick Hansen, Circle’s Senior Director, EU Strategy & Policy, the stablecoin has experienced significant growth, registering a 36% increase in its issuance due to its recent launch on base, a Coinbase incubated…