USDC

USDC stablecoin issuer Circle files confidentially for an IPO

After trying to go public twice via SPAC deals, Circle is trying to go public once again. Would that other private tech companies were as bold.

Stablecoin company Circle going public makes good sense

It may seem incongruous to see Circle considering going public during a crypto winter, but the IPO does not come as a massive surprise given its source of revenue.

USDC issuer Circle expands Asia focus in push to enter the region’s flourishing payments ecosystem

How can Asian businesses send and receive payments cheaper, faster and more securely? Circle thinks the answer may come from blockchain and stablecoins.

Solana Pay integrates plug-in with Shopify for USDC payments

Solana Pay, a decentralized payment protocol by Solana Labs, has integrated its plug-in with Shopify, allowing millions of businesses on its platform to use it for payments, TechCrunch was told exclus

Bitcoin rallies over 18% in 24-hour span in wake of SVB crisis

The value of major cryptocurrencies rose Monday in the wake of U.S. government plans to protect SVB and Signature Bank depositors.

Uncertainty stands around multibillion USDC empire as issuer Circle held reserves at Silicon Valley Bank

Update: After publication and our first update to include Circle’s initial statement regarding USDC’s reserves, the company announced that “3.3 billion of the ~$40 billion of USDC re

Thoughts on the demise of Circle’s SPAC deal

Declining USDC in circulation means that the asset base from which Circle generates much of its revenue is also falling. That's a harder growth story to pitch.

Binance to stop supporting USDC, the second largest stablecoin

Binance, the issuer of the world’s third-largest stablecoin, said on Monday it will convert customers’ holdings in three rival stablecoins USD Coin (USDC), Pax Dollar (USDP) and True USD (

Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion

Terraform Labs' plan to revive the Terra Ecosystem after its stablecoin UST and cryptocurrency LUNA nosedived earlier this month has passed and been approved by the community.

Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash

As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and

SEC chair Gary Gensler takes aim at crypto exchanges for trading against their customers

U.S. regulators, already skeptical of crypto, are doubling down on their stance as the digital asset markets plunge this week. U.S. Securities and Exchange Commission chair Gary Gensler made his conce

BlackRock, Fidelity and others to invest $400M in USDC stablecoin issuer Circle

Circle, a crypto-focused financial technology firm, has entered an agreement for a $400 million funding round, the company announced. It is expected to close in the second quarter of 2022. Investors i

Axie Infinity’s Ronin network suffers ≈$625M exploit in largest DeFi hack to date

Crypto gaming giant Axie Infinity, which raised last year at a $3 billion valuation from a16z, was already having a catastrophic week. It just didn’t know about it until this morning. The popula

Circle to double in value to $9 billion with revamped SPAC deal

Cryptocurrency company Circle has announced that it has terminated its previous agreement with Concord Acquisition Corp., a publicly traded blank-check company — a SPAC. At the same time, it has rea

Circle is a good example of why SPACs can be useful

Circle is the sort of business that is correct for a SPAC-led debut. It could not go public in a traditional manner in its current state of maturity.

Cryptocurrency company Circle to go public in SPAC deal

Circle has announced that it plans to become a public company. The cryptocurrency company will merge with Concord Acquisition Corp, a SPAC. Circle is better known as one of the founding members of the

Visa supports transaction settlement with USDC stablecoin

Payment card network Visa has announced that transactions can be settled using USD Coin (USDC), a stablecoin powered by the Ethereum blockchain. Crypto.com is the first company to test the new capabil

Stellar blockchain will soon support USDC stablecoin

USDC, the stablecoin co-founded by Circle and Coinbase, first started as an Ethereum-based token. After adding support for the Algorand blockchain, Centre, the consortium that manages USDC, is announc

Coinbase users will earn rewards on USDC holdings

Cryptocurrency exchange Coinbase wants to foster USDC adoption by letting you earn rewards when you keep USDC on your Coinbase account. Essentially, if you’re a U.S. customer, your Coinbase account

Coinbase expands USDC stablecoin support to 85 countries

Cryptocurrency exchange Coinbase is ramping up stablecoin support around the world. Customers can now trade USD Coin (or USDC for short) in 85 countries — USDC support was only available in the U.S.
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