Tag Archives: circle

Circle – the issuer of the second largest stablecoin by market cap, USDC – is preparing to launch a permissionless protocol for letting users transfer their stablecoins between blockchains.  The company said the protocol can be embedded into dapps, and provide the most “capital efficient” path for cross-chain USDC transfers. Bridging USDC In a tweet on Monday, Circle CEO Jeremy Allaire said the Cross-Chain Transfer Protocol (CCTP) will “help foster more scalable, efficient,...

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The Crypto and Blockchain Economics Research (CBER) Forum is a group of blockchain faculty from leading universities. Circle, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin, celebrates its 10 year anniversary in 2023 and five years since the launch of USDC. As part of the kick-off to mark the occasions, Circle is releasing the first-ever comprehensive report about the state of the USDC economy: “State of...

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Stablecoins have continued to play a very critical role in the crypto economy. The ongoing bear market also demonstrated that dollar-pegged coins like USDT and USDC witnessed a parabolic growth in market cap this year. However, top stablecoin issuers seemingly took a break from printing in December amidst a great deal of market turmoil and increased scrutiny. According to data from the ‘Stablecoin Printer,’ USDT, USDC, BUSD, and TUSD, have not been printed during the last...

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Fintech company and USDC issuer Circle has terminated a business combination deal with special purpose acquisition company (SPAC) Concord Acquisition Corp., but it has not scrapped its plan to go public. Circle’s announcement is the latest in the growing list of SPAC deals that have failed to materialize. Circle and Concord Go Separate Ways Circle announced the termination of the deal in a press release on Monday (December 5, 2022). The decision was mutual between both...

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...

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...

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...