Circle Strategic Defense: $1 Billion War Chest Shields Against Shrinking Market Share
According to a Bloomberg report, Circle, a prominent player in the stablecoin market, strategically leverages its substantial cash reserves of ...
Tag: circle
Here’s How Crypto Offers A Lifeline For This Bahamian Payment Company
The Latin American region faces high costs and challenges of traditional settlements, as people sending money to their close ones ...
USDC Market Cap Drops As Redemptions Climb To $1.4 Billion
As one of the biggest stablecoins, USDC is one of the major players in the crypto industry. However, the stablecoins ...
Circle To Lay Off Staff And Refocus On Core Activities
Circle, the company behind the USDC stablecoin, has recently laid off a portion of its workforce amid a turbulent year ...
USDC Circulating Supply Down 38% Since Jan. 1 – Will It Affect Price?
USDC experienced a notable decrease in its circulating supply during the weekend, causing ripples of concern within the cryptocurrency market. ...
Stablecoin Market Cap Decreases, But Whales Remain Unfazed: Santiment
According to data from leading crypto analytics firm Santiment, a distinct trend has unfolded in the stablecoin sphere. Even as ...
Avalanche Remains Under Pressure Despite Circle’s CCTP Effort
The native currency of Avalanche, AVAX, remains under pressure despite Circle's effort to launch a facility that will enable the direct ...
USDC Market Cap Dips By $10 Billion In 2 Weeks – Here’s Why
USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank's (SVB) collapse. Investors ...
MakerDAO Maintains Trust In USDC Despite Depeg Debacle
MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as ...
Crypto Firms Should Ditch Banks To De-risk From Volatile Systems, Says Cardano Founder
Some crypto-friendly top banks have crashed due to regulatory uncertainty, market downtrend, and shortage of operational funds. The three banks ...
Signature Bank’s Closure Is Political And A Strong Anti-Crypto Message, Ex-Congressman
Barney Frank, the director of Signature bank and a former congressman who helped draft the Dodd-Frank Act, has stated that the lender ...
Bank Stocks Crash As Bitcoin Soars 17% Above $24,000
The cryptocurrency market is volatile, and this week has been no exception. Yet, the financial sector has been more volatile ...
Uniswap Founder Says Banks Are Massive Scams
Hayden Adams, the founder of Uniswap, is convinced that banks are "massive scams" compared to decentralized finance (DeFi) protocols. Hayden ...
Is Moody’s Ratings Downgrade The Reason Why Silicon Valley Bank Fell?
The collapse of Silicon Valley Bank and news that Circle, the issuer of USDC, was exposed to the tech lender ...
Binance And Coinbase Temporarily Suspend USDC Conversion After Silicon Valley Bank Collapse
The two biggest cryptocurrency exchanges, Binance and Coinbase, have revealed that they would temporarily suspend USDC conversions on their platforms. ...
USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why
USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD ...
Here’s Why The Stablecoin And Binance FUD Might Be Overblown
Binance CEO Changpeng Zhao ("CZ") has commented on Twitter about the Department of Financial Services' (NYDFS) directive to Paxos Trust ...
MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault
In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based ...
Circle, The Company Behind The USDC Stablecoin, Announces Euro Coin
Does the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, ...
HubSpot Hack Results In Data Breach Of Major Companies Like Circle And BlockFi
HubSpot is a popular CRM tool that many companies use to store their users' details, such as phone numbers, names, ...
