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Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion. BNY Mellon to Become USDC’s Primary Custodian Circle has chosen America’s oldest investment bank to custody the … Read more
The firm previously said its reserves would be in cash and treasuries. Go to Source Powered by WPeMatico
The stablecoin market continues to grow and diversify: Circle’s USDC, Tether’s USDT and Terra’s UST all made headlines this week. Go to Source Powered by WPeMatico
The multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution for DAOs, crypto projects, Web3 and the metaverse.” Zebec Raises $15 Million to Bolster … Read more
Over the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital … Read more
The Circle-Concord business combination will create a new company that plans to list publicly on the New York Stock Exchange. Go to Source Powered by WPeMatico
On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with the Financial Action Task Force (FATF) Travel Rule. There are currently 18 crypto firms that have joined TRUST so … Read more
The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%. Go to Source Powered by WPeMatico
The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time. Go to Source Powered by WPeMatico
The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from investors according to an announcement on Tuesday. Following the equity financing round, Debank says it has an overall valuation of around $200 million. Defi Dashboard Debank Raises $25 Million 2021 was a good year for venture capital (VC) entering the crypto and blockchain … Read more
