News
Circle plans to fully integrate its stablecoin USDC with USDY, making it “the preferred form” of yield-bearing collateral.
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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.
- News
Circle’s USDC stablecoin accounted for Latin America’s biggest share of crypto purchases on the major local exchange Bitso in 2024.
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Thailand’s SEC had previously approved Bitcoin, Ether, XRP, XLM and certain tokens used for settlement by the central bank.
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Following registration, SBI VC Trade expects to launch its first USDC stablecoin transactions for selected users on March 12.
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Circle co-founder Jeremy Allaire says all dollar-based stablecoin issuers should register in the US, citing consumer protection and fair competition in the crypto market.
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“By integrating stablecoin payments, we’re not just embracing the future — we’re shaping it,” a Metro Store executive reportedly said.
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This week’s business newsletter explores Goldman Sachs’ U-turn on digital assets after the investment bank purchased Bitcoin and Ether ETFs.
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Stablecoin use continues to expand across the world, and White House crypto czar David Sacks says one of its first priorities is stablecoin legislation in the United States.
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Trump’s administration plans to regulate stablecoins and bring the market onshore, with a focus on US dollar-backed digital assets, according to crypto czar David Sacks.
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Circle’s USDC was the most dominant stablecoin on Solana, accounting for nearly 80% of all stablecoins on the network.
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The USDT issuer has struggled to maintain dominance in the face of competition from rivals such as Circle and its USDC stablecoin.
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Solana-based ridesharing app Teleport shut down just eight months after it publicly launched its app, citing a lack of market readiness for decentralized ridesharing.
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Stablecoins are emerging as the financial backbone of AI-driven economies, enabling seamless, autonomous transactions. From human-to-agent interactions to fully autonomous agent-to-agent ecosystems, stablecoins power the future of self-driving economies.
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Tether USDt was the top deposited currency by earners on Brighty last year, accounting for 85% of all crypto deposits.
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The deal combines the issuers of the second-largest stablecoin and the largest onchain money fund by market cap.
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