Circle IPO further legitimizes crypto before regulators, outsiders
Circle’s share of the stablecoin market has grown to 23.5% in 2021, trailing only Tether. By going public, its “share will increase further?” Go to Source Powered by WPeMatico
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Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at $4.5 Billion
The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC Deal With Plans to Go … Read more
BREAKING: Stablecoin firm Circle to go public in $4.5B blank-check deal
Backed by American investment bank Goldman Sachs, Circle is a major stablecoin partner of payment giant Visa. Go to Source Powered by WPeMatico
Centre to Expand USDC to Ten More Blockchains; Launches on Tron
Centre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other environments and could make it more popular as a commercial and staking currency. While Centre made the announcement only recently, USDC surprisingly launched on Tron … Read more
Messari: USDC set to become ‘dominant’ stablecoin on Ethereum
Tether supplies on Ethereum are dwindling as USD Coin demand grows and grows. Go to Source Powered by WPeMatico
Coinbase Launches High Yield USDC Accounts With 4% APY
Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange … Read more
Crypto.com taps Circle for global dollar deposits
Crypto.com and Circle’s partnership enabled U.S. dollar deposits and receiving USDC for users in more than 30 countries. Go to Source Powered by WPeMatico
Boston Fed President Says the ‘Exponential Growth’ of Stablecoins Could ‘Disrupt’ Money Markets
Boston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the Boston Fed president remarked that the exponential growth of stablecoins is concerning. Rosengren: ‘We Should Be a Bit Concerned About Stablecoin Markets Growing Very Rapidly’ … Read more
VC firm Borderless Capital floats $25M blockchain fund in Miami
The $25 million fund will be used to support Miami-based blockchain startups developing digital payment solutions on the Algorand network. Go to Source Powered by WPeMatico
Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow
The Boston-based cryptocurrency finance firm Circle has announced the company has raised $440 million in financing in order to “drive market expansion and growth.” The investment was led by prominent finance firms like Digital Currency Group, Fidelity Management and Research Company, and FTX. Circle Reveals $440 Million in Financing Circle Internet Financial, Inc. has revealed … Read more