Tag: Circle

USDC stablecoin issuer Circle and publicly traded special purpose acquisition company Concord Acquisition Corp mutually ended their proposed business combination after the deal “timed out.” The mutual termination comes after over a year and a half of deliberating around the terms of Circle’s potential multibillion-dollar listing. Previously, Circle had been eyeing an entry into the…

Jonah Van Bourg, Cumberland’s Head of Trading, said on Twitter that FTX’s collapse will trigger calls for significant changes in crypto markets away from centralization. He also said that these industry-defining events usually come before market recovery. The collapse of crypto exchange FTX would trigger significant market structure changes, namely moving away from a model…

Accepting payments in Circle’s USDC stablecoin is now available via Apple Pay. The addition will help crypto businesses by making it easier to take payments, Circle said. Merchants who accept payments in Circle’s USDC stablecoin can now interact with Apple Pay, Circle said in a blog post. “NFT marketplaces, crypto gaming, crypto exchanges, crypto wallets,…

Circle, the issuer of stablecoin USDC, is expanding Euro Coin to the Solana blockchain in the first half of 2023. The payments firm plans to launch its cross-chain protocol, and it will also be expanded to Solana. In June, Circle launched Euro Coin as a European take on its popular stablecoin USDC but pegged to…

Circle, the company behind the second-largest stablecoin USDC, announced on Sept. 28 that it will soon expand USDC support on five additional blockchains. Furthermore, the company announced a Cross-Chain Transfer Protocol to streamline the movement of USDC across networks. As the company’s CPO Nikhil Chandhok revealed at Circle’s Converge22 conference, USDC will be compatible with…

Circle Internet Financial released a detailed yet unaudited breakdown of its reserve assets for the firm’s USD Coin (USDC), showing $42.1 billion in short-term US government bonds and $13.6 billion in cash. Lately, crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis. Published in the company’s blog post on…