Stablecoin issuers Circle and Paxos gain approvals in Singapore
The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.
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Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September…
Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was…
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token…
Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire
The CEO of Circle joined Ripple’s Brad Garlinghouse and Asif Saleh of BRAC in a panel discussion at the World Economic Forum Annual Meeting.
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally,…
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since…
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the stablecoin economy was valued at close to $200 billion just…
USDC Sees Native Launch on Avalanche
USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge…