USDC Stablecoin Wallets Soars 59% in 2023
According to stablecoin issuer Circle, on January 15, 2023, the number of wallets holding at least $10 worth of USD Coin increased by 59%. This expansion occurred notwithstanding the UDC’s circulating supply suffering a $20 billion loss, suggesting that the coin may have attracted consumers despite declining market capitalization. With its title, “State of the […]
Circle Registers for US IPO
Following the collapse of a SPAC agreement with Concord Acquisition in late 2022, the USDC issuer Circle is attempting to go public once more. The US Securities and Exchange Commission (SEC) received a confidential S-1 form from stablecoin operator Circle, per a press release on January 11. The draft outlines Circle’s intention to go public […]
Coinbase and Circle Get Licenses from French Regulators
Coinbase and Circle have received licenses from the French authorities to operate as virtual and digital asset service providers, respectively. Coinbase, a leading crypto exchange, has been authorized by the Autorité des Marchés Financiers (AMF), the French financial watchdog, to operate as a virtual asset service provider (VASP). This means that Coinbase can take custody of […]
Circle Launches USDC, EURC Faucets to Boost Dev Engagement
Blockchain developers can now use a testnet token depot provided by Jeremy Allaire’s stablecoin operator to create web3 tools and solutions. The creator of USD Coin (USDC), the second-largest stablecoin in cryptocurrency, Circle, has launched a faucet for both its EURC coin and its US dollar-pegged token, to foster innovation across numerous decentralized networks. Developers […]
Circle Proposes Recoverable Token Standard to Address Crypto Theft
According to the stablecoin startup, irreversible cryptocurrency transactions have resulted in significant losses for millions, making a new digital asset with more flexibility necessary. The CEO of Circle, the company that issues USD Coin (USDC), Jeremy Allaire, announced the introduction of two new on-chain solutions designed to thwart asset theft and other illegal activities. According […]