Explained
Circle’s refund protocol enables secure, programmable refunds in stablecoin transactions without giving full control to arbiters.
Circle News
Circle is a service for making instant money transfers. The Circle startup was launched in 2013 by Jeremy Allaire and Sean Neville. The Circle app is a platform that allows users not only to send and receive money, but also stores it as well. In 2015, the Circle company got a BitLicense and started operating as a Bitcoin wallet service to trade with cryptocurrency. The main feature of using Circle is that Bitcoin kept in the wallet is insured, so the in case of money being stolen from the user’s account, all the money will be compensated. For this, Circle keeps the equal amount of cryptocurrency on its account to all the Bitcoin stored on the platform. Currently, the Circle finance company uses blockchain technology for not only crypto transactions, but for traditional transfers as well.
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Stablecoin adoption could accelerate global demand for US Treasury bills, the Treasury said.
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The stablecoin issuer is already the US dollar's "largest exporter," its CEO reportedly said.
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Blockchain firm Ripple made a multibillion-dollar bid to acquire the USDC issuer, but the offer was rejected, according to Bloomberg.
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According to Fireblocks policy chief Dea Markova, more countries are pushing for alternatives to US dollar stablecoins: “It’s all about sovereignty.”
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The USDC issuer expands further into Africa, joining forces with Onafriq to pilot stablecoin settlements across 40 countries and 200 million bank accounts.
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Circle received in-principle approval from Abu Dhabi regulators, moving closer to launching regulated stablecoin services and expanding global USDC adoption.
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Regulatory tailwinds have helped Circle regain ground in the stablecoin market, with USDC outpacing USDT's growth since November.
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Circle’s chief strategy officer and head of global policy, Dante Disparte, denied reports that the company is seeking a US federal bank charter.
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Coinbase confirmed it is considering applying for a US federal bank charter amid moves by crypto firms to integrate with the traditional financial system.
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Major crypto firms, including Circle, BitGo, Coinbase and Paxos, are exploring bank charters amid evolving US stablecoin regulations, according to The Wall Street Journal.
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Circle’s euro-pegged stablecoin, Euro Coin (EURC), is experiencing rapid market-cap growth as investors flock to MiCA-compliant alternatives.
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Crypto firms take a hit as Trump’s new tariffs rattle markets, sinking stocks and stalling IPO ambitions across sectors.
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The USDC dollar-pegged token issuer had $1.67 billion in revenue for 2024, a 16% increase from the year before.
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Sony Electronics Singapore partnered with Crypto.com to enable USDC payments, highlighting a growing trend of stablecoin adoption in the region.
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