Tagged: usdc

DeFi Wealth Management Platform YIELD App Reports Over 25,000 Users, Appr. $46M AUM

YIELD App, a decentralized finance (DeFi) wealth management platform, has revealed that they’ve seen “strong” growth during their first quarter of trading, with the total number of users reaching almost 26,000 as assets under management (AUM) surged to around $46 million “between week one and… Read More

Centre Consortium, Formed by Fintech Circle and Coinbase, Reports USDC Stablecoin Crosses $11B

The Centre Consortium, an entity established by global Fintech firm Circle and Coinbase, reports that the first quarter of this year has been one of “explosive growth” for Centre and for the USDC stablecoin, which is the world’s “most trusted” stablecoin (according to Centre Consortium)…. Read More

Blockchain or DLT based Stellar Network Is Reportedly Settling Transfers for $0.0001 / TX

Ada Vaughan, who focuses on Ecosystem and Marketing Strategy at the Stellar Development Foundation (SDF), notes that in an “increasingly cashless” and global economy, the separations between the different financial systems may lead to friction when you’re operating an international business. If you carry out… Read More

Over Half a Trillion Dollars has Been Transacted with USDC Stablecoin from Global Fintech Circle

Global Fintech firm Circle has revealed that the market capitalization for its stablecoin USDC has now exceeded $10 billion. More than 2 years after introducing the compliant and regulated “digital dollar” stablecoin, growth “continues to accelerate as shifting macroeconomic trends and exploding innovation in digital… Read More

The Under-Appreciated Significance of Coinbase Going Public

Once the Coinbase registration statement becomes effective and Coinbase shares trade publicly, a sea change will have occurred in the US without most people recognizing it.  Part of that unacknowledged difference will be the broader awareness of blockchain and cryptoasset trading it brings. It is… Read More

Digital Collectibles: Rachel Mayer from Circle Pay Explains how Company’s Payments and Treasury Infrastructure Supports NFT Marketplaces

Rachel Mayer, VP at CirclePay, notes that as non-fungible tokens (NFTs) rise in popularity, the operators or managers of NFT marketplaces and storefronts will be needing to remove entry barriers for their users. Mayer points out that more consumers in and outside of the crypto… Read More

Global Fintech Circle CEO Jeremy Allaire Confirms there are Now Over $8 Billion in Stablecoin USDC in Circulation

Jeremy Allaire, Co-founder and CEO of Circle, a global Fintech company focused on supporting open Internet platforms, Bitcoin, and other crypto-assets, has confirmed that there’s $8 billion worth of USDC in circulation. 8 Billion USDC in circulation. Dec 1st – 3B, Jan 1st – 4B,… Read More

Tim Frost: CEO at YIELD App Reveals how Algorithmic Stablecoins Provide Censorship-Resistant Financial Services, Comments on other Fintech Developments

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

Tel Aviv based DeFi and Fintech Platform Fuse.io Launches Kyber Network Token (KNC) Liquidity Rewards Program via FuseSwap

The team at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” notes that Kyber Network Token’s (KNC) very first liquidity mining program was scheduled… Read More

Fintech Circle Reveals its APIs Now Support ACH Payments and Payouts, Enabling Easy Bank Transfers with USDC Stablecoin

Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

Crypto OTC Markets See Up to 3x as Much Volume as Regular Exchanges, “Anecdotal Evidence” Suggests, Fintech Circle Claims

Global Fintech firm Circle notes that in the cryptocurrency over-the-counter (OTC) market, professional market participants are able to carry out large trades in a private manner and with “minimal price slippage,” which is why institutional clients are now “flocking” towards crypto OTC trading desks. Although… Read More

Decentralized Credit System OScore will be Combined with New Inclusive Pool to Give Lenders Insight into Users’ Creditworthiness

High-performance blockchain platform Ontology has introduced an “Inclusive Pool” – which is the platform’s first (decentralized finance) DeFi product based on OScore. Since recently launching OScore, the “decentralized” credit system implemented on Ontology’s DeID, the team at Ontology has been working towards adding a new… Read More

Visa Expected to Integrate Circle’s USDC Stablecoin

Later today, Circle is hosting a live podcast that involves Circle CEO Jeremy Allaire and Visa Head of Crypto, Cuy Sheffield. The discussion will cover the new partnership between Circle and Visa (NYSE:V) that will involve the incorporation of the dollar backed stablecoin USDC. Circle… Read More

Global Fintech Circle Partners Bolivarian Republic of Venezuela and Airtm to Provide Aid to Nation’s Residents with USDC Stablecoin

Global Fintech firm Circle has teamed up with the Bolivarian Republic of Venezuela and Airtm in order to provide aid to Venezuelan residents using the USDC stablecoin. According to a release, the initiative has been introduced with government support and notably marks “a global first”… Read More

Circle Joins Forces With Ripio To Accelerate USDC Stablecoin Adoption Throughout Latin America

Global fintech Circle announced on Thursday it has joined forces with Latin American crypto company Ripio to support the acceleration of USDC stablecoin adoption across Latin America. “To service increasing demand for USDC across the region, Ripio is working with Circle in order to implement… Read More

Ethereum (ETH) Transaction Fees Keep Falling After Major DeFi related Ecosystem Growth, Bitcoin (BTC) TX Fees Surge: Report

Bitcoin (BTC), the flagship cryptocurrency, has again surged past the $11,000 mark as US stimulus talks begin and institutions start to allocate more funds to the leading digital asset. As noted by the OKCoin team, Bitcoin has managed to break out this past week, after… Read More

Binance Now Hosting $128 Million worth of Stablecoins on its Liquid Swap Platform

Binance, the world’s largest digital asset exchange, has confirmed that it’s been a month since it launched Binance Liquid Swap. The exchange also revealed that the platform is now hosting over $128 million worth of stablecoins, as of October 3, 2020. The Binance team further… Read More

USDC Now on Algorand Bringing “Major Scalability and Performance Improvements”

The Centre Consortium has announced that USD Coin or USDC is now using Algorand – the second major blockchain after Ethereum to offer native support for the stablecoin. The Centre Consortium was founded by Circle and Coinbase – the creators of USDC which was announced… Read More

BCB Group Forms Partnership With Circle For USDC Stablecoin Payments, Clearing, & Custody Demand

Global digital asset financial service company BCB Group announced on Thursday it has formed a partnership with U.S. fintech Circle. BCB reported that it will be implementing the full range of Circle platform functionality to improve the speed, efficiency, and cost of client payments as… Read More

Digital Currency Group, Parent of Genesis, Commits $25 Million to Circle

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

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