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Circle Warns About Scammers Baiting USDC Users

Circle, the firm behind USDC stablecoin, issued a warning about an active phishing campaign attempting to lure users into transferring tokens to malicious addresses. As per the tweet, the threat actors masquerading to work for Centre, which is a consortium founded by Coinbase and Circle. Circle’s Statement Circle said there is no new version of the USDC token in the marketplace and urged users not to fall for the scam. “PSA WARNING: There is an active phishing campaign...

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Multiple Exchanges Delist USDC and USDT on Solana

Numerous major exchanges are disabling deposits and/or withdrawals for Solana-based variants of the top two stablecoins, USDT and USDC. The wave of delistings follows Solana’s major price crash in the wake of FTX’s collapse – an exchange known to be closely involved with the network and token.  Scrubbing the Solana Stablecoins On Thursday, Binance announced that deposits for Solana-based USDC and USDT tokens had been “temporarily suspended until further notice,” without...

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Circle Integrates Apple Pay for Existing Merchants

Circle – the issuer behind USDC – has announced that merchants supported by the company will now be able to accept Apple Pay.  The integration will allow customers to check out from apps and the Safari browser without a need to “fill out lengthy forms.” Per Circle’s announcement on Tuesday, Apple Pay support will let crypto-native businesses provide better assistance to customers wishing to use more traditional payment methods.  The integration will also let customers buy...

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Circle Announces Euro Coin (EUROC) Expansion to Solana Blockchain

USDC issuer Circle announced plans to expand native support of its Euro-backed stablecoin – Euro Coin (EUROC) –  to the Solana blockchain in the first half of 2023. Sheraz Shere, Head of Payments at Solana Labs, said the availability of EUROC on Solana will set the scene for new use cases for instant foreign exchange, offering optionality for traders with a new base currency while enabling lending and borrowing with the stablecoin. FTX to Support Euro Coin’s Deposits and...

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Circle Starts Investing in BlackRock-Developed Reserve Fund

The issuer of the stablecoin USDC – Circle – announced investing in the Circle Reserve Fund to manage a portion of the USDC reserves. The SEC-registered fund was set up by BlackRock, and its portfolio will consist of cash and US Treasury funds. Circle Reserve Fund The government money market fund was created in partnership with the asset manager. According to the official blog post, it will only be available to Circle. The process of moving the reserves for its USDC...

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Circle and Paxos Secure Regulatory Approval in Singapore

The issuer of the stablecoin USDC – Circle – and the blockchain infrastructure platform – Paxos – received licenses from the Monetary Authority of Singapore (MAS) to offer services in the city-state. The country’s top financial regulator has greenlighted numerous digital asset firms over the past several months, including CryptoCom, Genesis, and Sparrow. Circle’s Authorization The US-based stablecoin issuer obtained in-Principle Approval as a Major Payments Institution...

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Argentinian UFC Fighter Cannetti to Receive Salary in USDC

Guido Cannetti – an Argentinian mixed martial artist who competes in the UFC – partnered with the crypto-focused payment company Bitwage to become its ambassador. In addition, he will start receiving all his earnings in the stablecoin USDC instead of fiat currency. ‘USDC is Safer’ In a recent announcement, Bitwage said it is “thrilled” to collaborate with Cannetti. Using the platform, the athlete, known as “El Ninja,” will get 100% of his salary in USDC via the Stellar...

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Block’s TBD Partners With Circle to Create Global Fiat-Crypto Bridges

TBD – a Bitcoin-focused wing of Jack Dorsey’s payments company Block – has partnered with Circle to help expand on and off ramps between the worlds of crypto and fiat.  The teams intend to bolster some of crypto’s premiere real-world use cases, from cross-border remittances to stablecoin self-custody.  Expanding Web 5 According to TBD’s announcement, the team will begin supporting Circle’s stablecoin, USDC, on a number of applications to make it easier to build on the tbDEX...

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Circle CEO Thinks Binance’s USDC Exit is a Good Thing

Jeremy Allaire – CEO and co-founder of Circle – isn’t sweating over Binance’s latest decision to stop supporting trades for USD Coin (USDC).  In a thread on Tuesday, Allaire broke down why he thinks the development is not only good for Binance but ultimately a boon to USDC utility and adoption. Binance Converges Around BUSD On Monday, Binance announced that all of its customers’ existing funds held in USDC, USDP, and TUSD would be auto-converted into Binance USD (BUSD) on...

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