The chief executive of stablecoin issuer Circle says that dollar-pegged digital assets should become a mass export product of the United States. In a new interview on CNBC Television, Circle CEO Jeremy Allaire says that the US should promote “full reserve digital dollars” as a means of preserving the value of the US dollar. Allaire […]
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Key partnership between Binance and Circle seeks to accelerate the adoption of USDC and digital assets worldwide. Binance and Circle Join Forces for Global Crypto Adoption A new strategic partnership between Binance and Circle Internet Group was launched at the Abu Dhabi Finance Week. The cooperation will increase the use of USD Coin (USDC) and […]
Circle announced this week that USDC became the first stablecoin to gain compliance with new Canadian digital asset regulations. Canada’s new regulations call for delisting noncompliant stablecoins after December 31st. Circle’s compliance means USDC, which aims to maintain a 1:1 peg with the US dollar, can trade on crypto exchanges in the Canadian market, according […]
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Some Coinbase users are airing frustrations at the region’s MiCA laws, which are forcing the exchange to stop offering yields on USDC in the European Economic Area.
Coinbase users in Europe shared frustrations over the region’s crypto regulations after the exchange said it is ending its yield offering on the dollar-pegged stablecoin USD Coin (USDC) for some users.
In a Nov. 28 email that multiple recipients posted on X, Coinbase said due to the European Union’s Markets in Crypto-Assets (MiCA) laws for stablecoins, it “will be sunsetting the USDC rewards program” on Dec. 1.
The change will affect customers in the European Economic Area (EEA), a 30-nation bloc that includes all 27 EU member states along with Iceland, Norway and Liechtenstein. The email said those eligible will still accrue rewards for the next two days until Nov. 30.
Layer-1 blockchain Aptos (APT) has announced a plan to integrate fintech giant Stripe’s payment services and the stablecoin USDC. Stripe’s payment services will provide a fiat on-ramp for the Aptos network, according to a new press release from the layer-1 project. Circle chief executive Jeremy Allaire says the new development is part of the stablecoin […]
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Blue-chip crypto firms are reportedly scrambling to obtain a spot on President-elect Donald Trump’s promised advisory board. According to a new report by Reuters, US crypto industry giants – including payments firm Ripple Labs, crypto exchange Kraken, stablecoin issuer Circle, and venture capitalist firm Andreessen Horowitz – are all currently competing for spots on Trump’s […]
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The prediction market has listed contracts for betting on events, including a prospective Trump impeachment.
Prediction marketplace Kalshi has rolled out more markets for betting on United States political events in a bid to keep engagement high after the Nov. 5 presidential election.
The contracts cover outcomes ranging from how President-elect Donald Trump will staff his administration to whether he will be impeached during his presidency, according to regulatory filings with the US Commodity Futures Trading Commission.
Bettors flocked to political prediction platforms ahead of the US elections, with betting volumes tied to the presidential race nearing $4 billion as of election day on Nov. 5, according to a Cointelegraph analysis.
Circle chief executive Jeremy Allaire reportedly thinks stablecoins will become a regulated financial network all over the world. Allaire says in a new interview with the South China Morning Post (SCMP) that Circle is acting as a test subject for global stablecoin regulation. According to Allaire, stablecoin regulation is in its early days and the […]
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Circle is entering an agreement with a Hong Kong telecommunications firm with the aim of building blockchain-based solutions for the Asia-based company. The USDC stablecoin issuer says it is signing a memorandum of understanding with the technology, media and telecommunications firm HKT to “explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants […]
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The fee structure revision primarily affects institutional investors and high-volume traders.
Stablecoin issuer Circle has raised its fees for redeeming its USD Coin (USDC) for the second time in less than a year.
According to an Oct. 29 Bloomberg report, since September, the company has been collecting fees on daily redemptions of at least $2 million.
In February, Circle introduced swap charges for redemptions above $15 million through its Circle Mint platform.
