Circle Archive

The deal previously valued Circle at $4.5 billion in July 2021 before an upwards revision to $9 billion in February 2022.

The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.

More businesses are expressing interest in accepting cryptocurrency payments and holding digital assets in their strategic reserves.

The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time.

The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.

Yet another stablecoin philanthropy initiative launched by Circle during the past year.

He clarified that it’s mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny.

The hearing, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” is the latest from Congress …

Circle’s Asia plans include a regional headquarters in Singapore, a new venture arm and investment in Japanese yen stablecoin efforts.

“There’s a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly,” Circle CEO said.

As onlookers predict that top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto.

Crypto traders flocked to the safety of stablecoins during the Sept. 7 market crash.