Circle adds Apple Pay support
Stablecoin issuer Circle has integrated Apple Pay support to benefit traditional businesses by allowing them “to shift more retail payments to digital currency.” To bridge the gap between cryptocurrency and conventional payment method s, Circle, the creator of the USD Coin stablecoin linked to the US dollar, has added support for Apple Pay. The announcement […]
Circle Begins Funding Its Reserve Fund, Aims To Fill It In 2023
BlackRock oversees the management of the Circle Reserve Fund, which is in the custody of Bank of New York Mellon. The company that launched USD Coin (UDSC), Circle, said that it has started investing some of its funds in Circle Reserve Fund, which was established earlier through a cooperation with the biggest asset manager in […]
Circle freezes 75,000 USDC linked to blacklisted Tornado Cash addresses
Stablecoin issuer Circle has frozen more than 75,000 USDC linked to unsuspecting Tornado users and has blacklisted the smart contract addresses linked to the users’ accounts. According to crypto data aggregator Dune Analytics, Circle, the creator of the USD Coin (USDC) stablecoin, frozen over 75,000 USDC worth of funds linked to 44 Tornado users’ addresses […]
Circle Partners With BlackRock For A $400 Million Funding Round
While already managing USDC cash reserves, BlackRock is now looking into the potential of USDC stablecoin in the financial markets, with its partnership with Circle. Circle, the primary operator of the UDC Coin (USDC) and a major peer-to-peer payments firm, has announced a $400 million funding round as well as a new partnership with the […]
BNY Mellon becomes Circle’s USDC reserve custodian
Stablecoin issuer Circle has announced BNY Mellon as the custodian of its USDC assets. BNY Mellon was founded in 1784 and is one of America’s oldest banks, with about $46.7 trillion in assets under custody or management globally. It acts as a one-stop-shop for clients who want to manage their money. BNY Mellon said it […]