Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems

April 4, 2024 Bitcoin.com

Altcoins

Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In a statement released on Thursday, Ripple revealed its intention to introduce a stablecoin token linked to the […]

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Binance to Halt Tron USDC Trading Following Circle’s Move Away

March 25, 2024 Bitcoin.com

Binance

Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC’s trust, transparency, and safety. Binance users […]

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Circle Announces Plans To Phase Out Support for USDC on the Justin Sun-Founded Blockchain Tron

February 22, 2024 The Daily Hodl

Altcoins

Stablecoin issuer Circle is ending support for its US dollar-pegged digital coin on the Tron (TRX) blockchain. Circle says it will stop minting USDC on the Justin Sun-founded network effective immediately, though it will continue to support transfers and redemptions until February 2025. “Circle Mint customers may transfer USDC on TRON to other supported blockchains […]

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Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether

February 17, 2024 The Daily Hodl

Altcoins

A Circle executive told Congress this week that she hopes the U.S. Treasury Department considers taking action against Tether. Caroline Hill, senior director of global policy and regulatory strategy at Circle, testified before the House Subcommittee on Digital Assets, Financial Technology, and Inclusion on Thursday. Circle issues USDC, the second-largest stablecoin by market cap. Representative […]

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Can Circle’s IPO boost USDC in its fight for market share?

January 30, 2024 The Crypto Briefing

Circle filed for an initial public offering (IPO) on Jan.

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Stablecoin Issuer Circle To Launch USDC Natively on Top of Celo Blockchain

January 30, 2024 The Daily Hodl

Altcoins

Stablecoin-issuer Circle says it’s bringing USDC to the Celo (CELO) blockchain, according to a new press release from The Celo Foundation. The Celo protocol is an Ethereum Virtual Machine (EVM) compatible blockchain that bills itself as “mobile first,” and is in the process of migrating into becoming a layer-2 solution. Its native token, CELO, can […]

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Stablecoins Remain Blockchain and Crypto’s ‘Killer App’ Amid Tech Advancements, Says Circle CEO Jeremy Allaire

January 17, 2024 The Daily Hodl

Altcoins

Circle chief executive Jeremy Allaire thinks additional regulatory clarity will pave the way for increased stablecoin adoption in 2024. In a new interview with CNBC International TV, Allaire predicts that the recent approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the US will act as “the tide that lifts all boats” in the crypto […]

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USDC Issuer Circle Submits Preliminary Documents to the SEC in Preparation for a Proposed IPO in the US

January 12, 2024 The Daily Hodl

Altcoins

USDC issuer Circle wants to become a publicly traded company in the US. The stablecoin company says in a new announcement that it submitted a draft registration statement to the Securities and Exchange Commission (SEC) related to a proposed initial public offering (IPO) of its equity securities. Circle notes that it has not determined the […]

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USDC Issuer Circle Secures ‘Conditional’ Registration To Operate in France After Coinbase Receives Green Light

December 22, 2023 The Daily Hodl

Blockchain

Financial markets regulators in France just granted USDC stablecoin issuer Circle a conditional registration as a Digital Asset Service Provider (DASP). The French Financial Markets Authority (AMF) requires DASPs to register to operate as a crypto trading platform or to provide services related to digital asset custody, buying and selling of cryptocurrencies in a legal […]

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Watchdog group doubles down on Circle-Tron money laundering claims

December 15, 2023 Coin Telegraph

cctp

The Campaign for Accountability released a new open letter criticizing Circle’s Cross Chain Transfer Protocol.

Nonprofit ethics group Campaign for Accountability (CfA) has doubled down on its money laundering claims against Circle, publishing a new open letter on Dec. 14 claiming that the USD Coin (USDC) issuer is facilitating the funding of terrorist organizations.

The CfA originally made these claims on Nov. 9 in a letter to United States Senators Elizabeth Warren and Sherrod Brown. Circle responded to the claims on Nov. 11, claiming the allegations were based on uncorroborated, unverified social media posts.

The new letter was also addressed to the two U.S. senators and was signed by CfA executive director Michelle Kuppersmith. In the new letter, Kuppersmith took aim at Circle’s Cross Chain Transfer Protocol (CCTP), a blockchain protocol that allows users to transfer USDC between multiple networks, including Tron.

Circle

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