Circle CEO

Circle CEO Shares ‘Super Bullish’ Stance and Unprecedented Optimism on Crypto

June 20, 2024 Bitcoin.com

Bitcoin

Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

March 13, 2023 Bitcoin.com

bitcoin.com

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD

September 19, 2022 Bitcoin.com

Auto-Conversion

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 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision

September 7, 2022 Bitcoin.com

Auto-Conversion

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 controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Circle Launches Second Major Stablecoin Backed 1:1 by the Euro

June 16, 2022 Bitcoin.com

Altcoins

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 is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

May 16, 2022 Bitcoin.com

bitcoin.com

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 usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears

May 13, 2022 Bitcoin.com

Avalanche Founder

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 last week. Of course, the climactic terrausd (UST) failure wiped out billions from the stablecoin economy, and Binance’s stablecoin BUSD has recently entered the top […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe