Circle to Integrate Native USDC on Arbitrum Blockchain
Circle will introduce USDC natively on the Arbitrum blockchain. This step is expected to enhance transaction speed and affordability, fostering innovation in the DeFi ecosystem. In a recent announcement, Circle revealed plans to natively launch the US Dollar Coin (USDC) official version on the Arbitrum network. This move is part of a strategic collaboration with […]
Circle launches cross-chain transfer protocol for USDC
Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche. Before, users of Avalanche who had USDC on Ethereum had to deposit their coins with a Circle partner or utilize a third-party bridge to move their USDC from one network to the other. […]
USDC Market Cap Decline Results from US Crypto Crackdown – Circle CEO
Circle’s chief executive officer, Jeremy Allaire, claims that the crackdown on cryptocurrencies by U.S. regulators has been a significant factor in the declining market capitalization of its stablecoin, USD Coin (USDC). Following the collapse of the FTX exchange, a banking crisis, and the momentary de-pegging of the USDC, the Circle CEO commented on U.S. enforcement […]
USDC Issuer Circle Chooses France For Its European Expansion
Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France. The creator of the USD Coin (USDC) stablecoin, Circle Internet Finance, has asked for regulatory approval in France as part of its European growth. The company has submitted applications to the French government to become […]
Crypto and blockchain executives join CFTC tech advisory board
The technology advisory group aims to help the CFTC “identify and comprehend the ramifications and implications of technological innovation in financial services and markets.” The Commodities Futures Trading Commission (CFTC) has shown interest in the crypto and blockchain sectors by appointing numerous leaders from the industry to its new Technology Advisory Group (TAC). Christy Goldsmith […]