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Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
22.2.2024
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron...
Circle Drops TRON Support for USDC, Citing Risk Management
21.2.2024
Stablecoin issuer Circle will stop supporting USDC on the TRON blockchain, as part of concerns under its risk management framework.
The post Circle Drops TRON Support for USDC, Citing Risk Management appeared first on Cryptonews
$14M Capital Infusion Catapults Ethena Labs’ Valuation; Stablecoin Ranks 9th Largest
16.2.2024
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $14 million in funding from key investors. Following this recent influx of funds and a previous $6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $300...
Tether Leads Crypto Mobile App Oobit’s $25 Million Series A Funding
5.2.2024
Tether announced today that it led a $25 million Series A funding round for crypto mobile payments app Oobit. Crypto’s biggest stablecoin issuer said the funding will contribute to Oobit’s ongoing development. The mobile app enables users to tap and pay for goods and services with their...
Stablecoin Issuer Tether Leads $25 Million Funding Round for Mobile Payment Startup Oobit
5.2.2024
On Monday, Tether, the leading issuer of stablecoins, revealed its role as the lead investor in the Series A funding round of mobile payment startup Oobit, which successfully garnered $25 million. The investment round saw contributions from notable entities such as Titan Fund, Solana’s Anatoly...
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
Report: USDT-Issuer Tether Purchased 8,900 BTC, Worth $380 Million
18.1.2024
Source: AdobeStock The world’s largest stablecoin issuer, Tether, has reportedly expanded its Bitcoin holdings by acquiring an additional 8,888 BTC. This latest purchase cost a whopping $380 million. You cannot overstate how crucial this is for Bitcoin price discovery. Tether is earning ~$1bn/Q...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
Stablecoin Issuer Circle Internet Files for IPO
11.1.2024
The number of shares to be offered and the price range for the proposed offering hasn't been set
Mystery Wallet Rockets to Top 10 Bitcoin Holders With 8,888 BTC New Year’s Gain
3.1.2024
A bitcoin wallet, believed to be linked to Tether, the leading stablecoin issuer, has ascended to become the tenth largest holder of bitcoin. This elevation occurred after an accrual of 8,888 bitcoin from Bitfinex as the year concluded. Presently, the wallet’s holdings total around 66,465.20...
Paxos Receives Regulatory Approval to Expand into Solana Blockchain
22.12.2023
Source: Pixabay Paxos has announced an expansion of its stablecoin issuance to the Solana blockchain after securing regulatory approval from the New York Department of Financial Services. In a press release published Friday, the stablecoin issuer noted that the initiative is a “significant...
Circle Obtains Conditional Registration in France, Names Operations Leader
22.12.2023
Source: AdobeStock Stablecoin issuer Circle has secured conditional registration as a Digital Asset Service Provider (DASP) from the French Financial Markets Authority (AMF). We have achieved a significant early milestone in establishing our European regulatory platform by securing a conditional...
Stablecoin Issuer Circle Conditionally Registered for Digital Asset Services in France
21.12.2023
France has been encouraging crypto companies to set up shop within its borders and take advantage of the clearer industry regulation than in the U.S
Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space
19.12.2023
Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset. Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting Euro Integration in Digital Finance Circle, a leading...
Cantor Fitzgerald’s CEO Says He’s A Big Fan of Bitcoin and Stablecoin Issuer Tether
13.12.2023
Image Source: Pixabay Howard Lutnick, the CEO of Cantor Fitzgerald says he is a fan of Bitcoin (BTC) citing the halving cycle and its decentralized nature as reasons behind the widespread popularity. Speaking at CNBC’s Money Mover podcast, the CEO commented on inflation, the reaction of the Feds...
El Salvador Partners Tether to Launch Freedom Visa On Bitcoin and USDT Investment
8.12.2023
El Salvador Bitcoin. Source: RawBeautyPixels/Adobe El Salvador has announced a citizenship-by-investment scheme powered by Tether, the company behind stablecoin, USDT that allows people to acquire citizenship through Bitcoin (BTC) and USDT investments. The stablecoin issuer disclosed...
We Neither Bank Justin Sun nor Finance Hamas — Circle Chief Strategy Officer
2.12.2023
USDC stablecoin issuer Circle neither “finances Hamas” nor does it bank Tron blockchain founder Justin Sun, the fintech firm’s chief strategy officer has asserted. Although Circle had past business dealings with Sun, this ended in February 2023 when it terminated his accounts...
Circle Signs MoU With SBI Holdings to Expand USDC Circulation in Japan
27.11.2023
Source: Pexels Circle, stablecoin issuer behind USD Coin (USDC), has joined forces with Tokyo-based financial services firm SBI Holdings to facilitate the strategic expansion of USDC into the Japanese market. This collaboration, solidified through a memorandum of understanding (MOU) signed...
Tether and Bitfinex Drop Opposition to FOIL Request
24.11.2023
Stablecoin issuer, Tether, and cryptocurrency exchange, Bitfinex, have decided to drop their opposition to a Freedom of Information Law (FOIL) request made earlier this year by various news outlets. “We have nothing to hide” “Our decision is rooted in our unwavering commitment to transparency...