The issuer of the stablecoin Tether has not provided a definitive answer on whether or not it will cease support for the Tron network, after rival Circle stopped minting its stablecoin on the blockchain on Tuesday.
In a statement, Tether stated: “Tether tokens are issued on several blockchains,…
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Circle
Chile will allow USDC payments from Circle in Mercado Pago
Through a statement issued on the official Circle website, the exciting news has been released that the USDC stablecoin has joined the Mercado Pago platform in Chile. This strategic collaboration between both entities marks a milestone in…
Circle reserves trapped in Silicon Valley Bank
The same day that Silicon Valley Bank was intervened due to liquidity problems, the cryptocurrency issuing company Circle announced that USD 3.3 billion of its reserves are withheld in the entity.
The company confirmed the news through…
Circle CEO says SEC is not the appropriate regulator for stablecoins
Jeremy Allaire, CEO of Circle, one of the leading cryptocurrency companies in the United States, expressed his opinion on the regulation of stablecoins by the United States Securities and Exchange Commission (SEC).
Allaire believes that…
SEC investigates creator of USDC
The United States Securities and Exchange Commission (SEC) opened an investigation into the fintech Circle, known for being the creator of the stablecoin USD Coin, the second largest stable-value cryptocurrency on the market.
"In July 2021…
Mastercard and Circle to boost USDC market
Circle announced its alliance with multinational financial services company Mastercard to promote the use of USDC to facilitate fiat-to-crypto conversions, in an attempt to expand the ability of crypto companies to use digital assets for…
Circle could confiscate balances if the US does not stop using Poloniex
In a blog post on December 3, Circle warned US merchants that if they did not stop using the cryptocurrency exchange parent company Poloniex could charge fees to US users and even confiscate their full balances If they don't withdraw their…
Coinbase incorporates USD Coin from Circle on its platform
The Coinbase Commerce platform was launched early last year to allow merchants to accept different digital currencies directly from a user-controlled wallet. It can be added as a payment option in e-commerce platforms such as Shopify or…