Search

Nalezeno "circle": 1022

CFTC Names Executives From Circle, TRM, Fireblocks Among Others to New Tech Advisory Group

13.3.2023
The Commodity Futures Trading Commission announced former White House official Carole House and TRM Labs' Ari Redboard as the new chair and vice chair of its Technology Advisory Committee

Recent contagion was 'TradFi to crypto' and not vice versa — Circle policy director

13.3.2023
“What happened over the last several days was a bit of an ironic black swan situation where the contagion was not from crypto to TradFi," said Caroline Hill

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...

USDC Crisis Averted? Federal Regulators Offer Reassurance to Silicon Valley Bank Depositors, Ensuring Access to Funds

13.3.2023
The popular stablecoin USDC has regained its $1 peg price after regulators in the US assured that depositors in Silicon Valley Bank (SVB) can access their money today. The assurance from the government means that all Silicon Valley Bank depositors will be made whole, despite the bank’s collapse...

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

13.3.2023
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period

$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%

13.3.2023
Traders using decentralized finance (DeFi) protocols to bet on a USDC revival over the weekend are at risk of eight-figure liquidations if the stablecoin loses its $1 peg again this week

314M USDC sent to null address as redemptions begin: Report

13.3.2023
The token is on the verge of restoring to its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos

13.3.2023
The Circle-issued USDC stablecoin regained its peg to the U.S. dollar after falling below the $1 value it was supposed to hold late Friday hours after Silicon Valley Bank was shuttered by state and federal regulators

Circle taps Cross River as banking partner, expands ties with BNY

13.3.2023
Circle announced a new banking partner after Silicon Valley Bank’s failure and is expanding ties with BNY Mellon

Coinbase and Circle cite FDIC to ensure fund recovery

13.3.2023
Signature Bank and then Silicon Valley Bank, the traditional banking system, is experiencing one of the worst hit crises that have left customers wondering if they will ever get their funds back. For now, Coinbase has responded, saying that its users will get the funds back from Signature Bank...

Biden vows to hold those responsible for SVB, Signature collapse

13.3.2023
US President Joe Biden on Twitter said he is "firmly committed" to holding those responsible for the Silicon Valley Bank and Signature Bank collapse "fully accountable."

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

13.3.2023
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley...

USDC bounces back toward $1 peg after Fed announcement

13.3.2023
Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg

Circle Scrambles to Right USDC After Signature Bank Failure

13.3.2023
Circle Internet Financial’s $3.3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order. But Circle’s USDC stablecoin isn’t out of the woods

Circle Commits to Covering USDC Shortfalls – Ensures Redemption at 1:1 with USD

12.3.2023
USDC issuer Circle has pledged to cover any shortfall in the stablecoin's reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank. In a Saturday blog post, Circle said that the company is prepared to cover any shortfall in the USDC reserves that...

Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

12.3.2023
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

12.3.2023
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle...