Circle CEO spells doom scenario for US dollar in warning to Congress
Jeremy Allaire claimed the U.S. dollar is “under threat” and urged lawmakers to pass stablecoin regulation to “build trust” in a digital dollar. Go to Source Powered by WPeMatico
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China could benefit from yuan stablecoin over its CBDC – Circle CEO
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency. Go to Source Powered by WPeMatico
Circle and Sequoia were among top depositors at Silicon Valley Bank: Report
According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs, and China-based firm Kanzhun. Go to Source Powered by WPeMatico
Circle hires former CFTC, US Treasury executive as chief legal officer
Heath Tarbert will serve as the company’s chief legal officer and head of corporate affairs, bringing experience with all three branches of government. Go to Source Powered by WPeMatico
Circle is latest recipient of Major Payment Institution license in Singapore
The stablecoin issuer is the second crypto company to receive Singapore’s MPI license this month, following Crypto.com. Go to Source Powered by WPeMatico
Circle to launch ‘official version’ of USDC natively on Arbitrum
USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network. Go to Source Powered by WPeMatico
USDT market share jumps amid economic uncertainty, USDC shrinks
Over the past year, Circle’s USD Coin has seen its market share decline from 34.88% to 23.05%. Tether’s USDT shows a contrasting picture. Go to Source Powered by WPeMatico
Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest
Given the uncertainty in the macroeconomic environment, Bitcoin price bulls have no reason to bet against a six-week descending wedge pattern. Go to Source Powered by WPeMatico
Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
Tether and Circle have been leading lobbying efforts among stablecoin issuers as they push for legislation and regulations for stablecoins. Go to Source Powered by WPeMatico
Blockchain developers launch $50M fund to increase Wormhole adoption
Wormhole is a cross-chain messaging protocol often used to transfer assets from one blockchain to another Go to Source Powered by WPeMatico
