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USDC Issuer Circle Exec to Testify at US Congressional Hearing on Stablecoins
17.4.2023
Circle, the US company behind the popular stablecoin USDC, is set to testify in a Congress hearing on Wednesday about stablecoin regulation in the US.
In the hearing, titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” Circle’s Chief Strategy Officer Dante Disparte...
Stablecoin issuer Tether accessed US banking system using Signature: Report
4.4.2023
At the time New York regulators took control of Signature in March, there was reportedly a system in place for Tether clients to send dollars though the bank's Signet platform
Tether Gained Access to U.S. Financial System Using Signature Bank: Bloomberg
4.4.2023
Tether CTO Paolo Ardoino, in response to the article, said the company has no exposure to Signature Bank
USDT issuer Tether has up to $1.7B in excess reserves, CTO says
24.3.2023
Tether CTO Paolo Ardoino believes that USDT is becoming the “safest asset to hold in the world” amid the banking crisis
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
23.3.2023
The decision follows a turbulent period during which USDC temporarily lost its dollar peg when key banking partner SVB collapsed
Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
15.3.2023
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
15.3.2023
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
13.3.2023
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount...
Bank of Russia Registers Another Digital Asset Issuer
13.3.2023
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade. Number...
Bitcoin, Ethereum Technical Analysis: BTC Above $20,000, ETH Beyond $1,400 on Saturday
11.3.2023
Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes USDC issuer Circle, which led to...
USDC Issuer Circle Says it 'Awaits Clarity' From FDIC on Silicon Valley Bank Collapse
11.3.2023
In its first statement following the collapse of Silicon Valley Bank, Circle declined to state how much cash it has tied up at the bank
Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase
7.3.2023
The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds
Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ
3.3.2023
Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says
Binance USD market cap falls below $10B amid rising regulatory concerns
3.3.2023
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...
USDC issuer Circle to increase staff by up to 25% amid layoff season
23.2.2023
The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
23.2.2023
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest...
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
14.2.2023
The BUSD supply has decreased by more than 6% since Paxos announced on Monday that it would halt issuance due to regulatory pressure
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
14.2.2023
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen...
Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
13.2.2023
Binance CEO Changpeng Zhao (CZ) has warned of “profound impacts” on the crypto industry if stablecoin Binance USD (BUSD) is ruled as a security. His warning followed an alleged lawsuit by the U.S. Securities and Exchange Commission (SEC) against Paxos, the issuer of Binance USD....