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 […]
Stablecoin Wars: Can Circle Survive?
For USDC to become the undisputed king of stablecoins, a number of factors must come together in the proper way for this to happen. USDC, the stablecoin that Circle operates, and its CEO, Jeremy Allaire, have ambitious goals for their respective companies and for USDC. Allaire noted in a blog post this week that Circle […]
Circle aims to establish a fully-capitalized national digital currency bank
Circle is willing to operate under the auspices of the Federal Reserve, the United States’ central bank. Treasury, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, CEO Jeremy Allaire stated. Circle , a digital payment business sponsored by Goldman Sachs, has announced its intention to become a full-reserve national […]