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3232Circle CEO Shares ‘Super Bullish’ Stance and Unprecedented Optimism on Crypto
https://www.digit.info/circle-ceo-shares-super-bullish-stance-and-unprecedented-optimism-on-crypto/
Thu, 20 Jun 2024 23:16:26 +0000https://www.digit.info/2024/06/20/circle-ceo-shares-super-bullish-stance-and-unprecedented-optimism-on-crypto/Read more]]>Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance […]
]]>USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
https://www.digit.info/usdc-stablecoin-nears-parity-with-usd-after-feds-bailout-announcement/
Mon, 13 Mar 2023 02:30:26 +0000https://www.digit.info/2023/03/13/usdc-stablecoin-nears-parity-with-usd-after-feds-bailout-announcement/Read more]]>The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]
]]>Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
https://www.digit.info/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/
Mon, 19 Sep 2022 22:30:00 +0000https://www.digit.info/2022/09/19/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/Read more]]>The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]
]]>Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
https://www.digit.info/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/
Wed, 07 Sep 2022 17:30:16 +0000https://www.digit.info/2022/09/07/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/Read more]]>On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]
]]>Circle Launches Second Major Stablecoin Backed 1:1 by the Euro
https://www.digit.info/circle-launches-second-major-stablecoin-backed-11-by-the-euro/
Thu, 16 Jun 2022 21:30:33 +0000https://www.digit.info/2022/06/16/circle-launches-second-major-stablecoin-backed-11-by-the-euro/Read more]]>On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the […]
]]>Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
https://www.digit.info/circle-says-usdc-reserve-backed-entirely-in-cash-and-short-dated-us-treasuries/
Mon, 16 May 2022 14:00:35 +0000https://www.digit.info/2022/05/16/circle-says-usdc-reserve-backed-entirely-in-cash-and-short-dated-us-treasuries/Read more]]>On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]
]]>Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears
https://www.digit.info/stablecoin-shuffle-terra-fiasco-shakes-up-fiat-pegged-crypto-economy-over-35-billion-disappears/
Fri, 13 May 2022 19:30:46 +0000https://www.digit.info/2022/05/13/stablecoin-shuffle-terra-fiasco-shakes-up-fiat-pegged-crypto-economy-over-35-billion-disappears/Read more]]>According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance’s stablecoin BUSD has recently entered the top […]
Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance […]
]]>
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the […]
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance’s stablecoin BUSD has recently entered the top […]