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Circle to Apply for Crypto Bank Charter Soon: CEO Jeremy Allaire  

Circle Internet Financial, the issuer of USDC stablecoin, is planning to apply for a crypto bank license in the US in the near future.  According to co-founder and CEO Jeremy Allaire, the company has been in talks with regulators on the issue since August 2021, when it first revealed plans to convert into a bank, a Bloomberg report said on Wednesday.  Allaire said the firm will apply “hopefully in the near future.”  The Circle management has been in talks with the US Office...

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US Lawmakers Introduce A Bill Targeted at Stablecoins

Stablecoins are cryptocurrencies that usually peg 1:1 to fiat currencies like the US dollar. For every stablecoin in circulation, supposedly, there should be a $1 bill or its equivalents as redeemable in the reserves. The rising concern regarding the security of stablecoins has caught lawmakers’ attention. The US Lawmakers Ask for Transparency According to the release by Senator Hagerty’s office, the newly introduced bill would require stablecoins to be “backed by government...

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Jeremy Allaire: BTC Will Reach Seven Figures

Bitcoin has been suffering heavily as of late. The world’s number one digital currency by market cap has lost nearly $30,000 from the recent all-time high it hit back in November of 2021. During that time, the asset was trading for roughly $68,000, but today, the currency is stuck at around $37,000. Still, that isn’t stopping men like Jeremy Allaire – the CEO of Circle, a stable coin provider – from having big beliefs about bitcoin. Jeremy Allaire Is Confident in BTC In...

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Senate Banking Committee Wants Clarity on Stablecoins: Sends Letters to Tether, Coinbase, Circle

Senator Sherrod Brown appears to be keen on understanding how the process of stablecoin minting and redemption actually work. A comprehensive regulatory regime for stablecoin is the need of the hour, a failure to roll out one will prompt the watchdogs to step in. The head of the US Senate Banking Committee has called upon stablecoin issuers and platforms to disclose their process. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee,...

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USDC Issuer Circle Plans Expansion into Asian Markets: Report

The blockchain-focused financial services company – Circle – intends to establish regional headquarters in Singapore. The firm will also reportedly invest in a stablecoin backed by the Japanese yen through its newly-designed project – Circle Ventures. Circle Sees Opportunity in Asia According to a recent Bloomberg report, Circle – the issuer of the second-largest stablecoin, USDC – expects significant growth in the use of such tokens soon. Speaking on the matter was Jeremy...

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Circle Supports Government Plans to Regulate Stablecoin Issuers Like Banks

USDC issuer Circle has declared support for the Presidential Working Group on Financial Markets’ proposal to regulate fiat-backed cryptocurrency issuers like banks, stating that the move would foster ecosystem growth. Jeremy Allaire, CEO of Circle, told Yahoo Finance that it is imperative to regulate stablecoin issuers because the growth of such tokens could see the asset class widely adopted by many. “We’re supportive of that recommendation. We think [this] represents...

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Finanzierung von Bitcoin-Startups erreicht Rekordniveau

Unabhängig von der Volatilität der Märkte im Bereich von Kryptowährungen zeigen sich die Venture Kapital Investoren unbeeindruckt und investieren in grossem Stil in Bitcoin-Startups. Bei diesen Geldgebern, welche Risikokapital zur Verfügung stellen, handelt es sich häufig im Investoren in volatile Märkte mit grossen Gewinnchancen. Ein guter Zeitpunkt, selber als Privatperson oder Unternehmen in Bitcoin zu investieren? Alleine diesen Sommer: 4...

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Crypto App Robinhood Announces Plans to Go Public

Continuing a long streak of crypto companies that have gone public, popular trading app Robinhood is the latest digital currency enterprise to announce an IPO (initial public offering). The company is alleging that it will garner as much as $2 billion in new funds from the event it is planning to hold in the next few months, according to a statement filed with the Securities and Exchange Commission (SEC). Robinhood Is Set for Its Public Debut Shares will start out at...

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Circle Is Set to Be the Next Crypto Company that Goes Public

Cryptocurrency startup Circle is taking a page right out of the “book of Coinbase” and has announced plans to go public. Circle Is Set to Go Public The company first needs to complete a merger with Concord Acquisition Corp., a special acquisition company led by the former CEO of Barclays Bob Diamond. This merger means Circle will soon boast a valuation of approximately $4.5 billion, making it one of the most powerful crypto-centered firms in the digital space. The news...

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Circle Invest Retail Trading App Is Acquired by Digital Asset Broker Voyager

Crypto broker Voyager has entered into the agreement with Circle Internet Financial to acquire Circle Invest, which is the retail digital asset app.Digital asset broker the Voyager announced its acquisition of a retail trading app from Circle Internet Financial on February 12, 2020. According to the acquisition agreement, Voyager will be integrating the features of the acquired Circle Invest app with its platform. Therefore, adding more than 40,000 new customers to its 200,000 already...

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