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Circle
Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had…
NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access
Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.
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Sen. Warren, Rep. Ocasio-Cortez Ask Circle, BlockFi Why They Banked at Silicon Valley Bank
They have also been asked to provide information about the alleged “coddling” of any of their executives or board members by SVB, including details about financial relationships between the executives and SVB, any trips executives took…
USDC Boasted Transparency. It Didn’t Help When Silicon Valley Bank Got Into Trouble
On a long enough timeline, another significant stablecoin test, like the one that faced USDC, is inevitable. The reasons for the next one will be difficult to predict, and likely different from the last one. While opacity and a…
Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.
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First Mover Americas: Investors Dig Risk Again
Crypto investors are fleeing Circle Internet Financial’s USD coin (USDC) stablecoin, with many of them switching to tether, another stablecoin, which has reached a 22-month high in market share. Net outflows from USDC have surpassed $10…
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation.
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Who Is Cross River Bank, USDC Stablecoin Issuer Circle’s New Partner?
“Regulators who tend to fight the last war are certainly on guard right now – looking at banks, including Cross River, to make sure that they are sufficiently capitalized,” Jay Ritter, Cordell professor of finance at the University of…
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
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Signature Bank’s Signet Platform Still Works, But Some Clients Have Moved On
“With all of the deposits and substantially all of the assets of former Signature Bank, the bank will continue to take care of its clients, providing a full suite of loan, deposit, and banking services,” said new Signature Bridge Bank…
