USD Coin (USDC)
Business and Finance
Circle Removes U.S. Treasuries From USDC Reserve Fund Amid Debt Ceiling Concerns
Circle has ditched all U.S. Treasury bonds from the $24 billion reserve fund that backs its USDC stablecoin. The stablecoin issuer took this step to...
Business and Finance
Coinbase Offered $3 Billion Credit Line To Circle Following USDC’s De-Peg
Coinbase reportedly offered a $3 billion credit line to Circle last week. The funds were meant to serve as a backstop for the reserve that...
Business and Finance
Circle May Be Able To Recover All $3.3 Billion Stuck At Silicon Valley Bank
Circle CEO Jeremy Allaire has stated that USDC will be supported through external capital if necessary. The Circle executive revealed that the company had initiated...
Business and Finance
Circle CEO Believes The SEC Should Not Regulate Stablecoins
Circle founder and CEO Jeremy Allaire recently stated that the U.S. SEC is not the right regulator for stablecoins. Allaire believes that the activities of...
Binance
Breaking: Circle Tipped Off NYDFS About Insufficient Reserves At Binance
Circle reportedly alerted the New York Department of Financial Services about Binance’s tokens. The USDC issuer warned the NYDFS about Binance not having enough crypto...