Circle Internet Group secured final approval from the U.S. Office of the Comptroller of the Currency today, to establish a national trust bank, a milestone that sent the stablecoin issuer’s shares higher and deepened …
Tag:
Circle
- DeFi Market
Circle wants wrapped Bitcoin to look bank grade before institutions trust it as collateral
by adminby adminCircle has launched cirBTC on Ethereum, but the larger play is to make wrapped Bitcoin look like collateral infrastructure institutions can route through DeFi, OTC desks, lending markets, treasury systems, market makers, and settlement …
In brief Arc is a blockchain built by USDC issuer Circle for stablecoin-focused applications. It uses USDC for gas, features a built-in FX engine, and enables opt-in privacy. The mainnet beta is expected to …
- Altcoin Highlights
Circle Subsidiary Hashnote Launches Yield-Bearing USYC on BNB Chain
by adminby adminKey Notes Circle’s Hashnote brings institutional-grade Treasury collateral to BNB Chain with near real-time USDC settlement. The $1.07B fund offers 3.93% APY through price appreciation, targeting non-US institutions with KYC requirements. BNB Chain deployment …
The new system aims to reduce fragmentation, boost liquidity, and improve cross-chain stablecoin interoperability. Circle on Tuesday introduced xReserve, a new system that enables blockchain teams to issue USDC-backed stablecoins that can easily move …
- NFT & Metaverse
Circle Updates Terms of Service to Allow ‘Legal’ Firearm Purchases With USDC
by adminby adminIn brief Circle has updated policy on prohibition on firearms purchases following complaints from firearms industry advocates. Senator Bill Hagerty called the update a victory against “weaponization” of the financial system and chokepoint-style discrimination. …
- NFT & Metaverse
Circle (CRCL) Can Withstand Rate Cuts as Stablecoin Demand Grows: Bernstein
by adminby adminWall Street broker Bernstein said Circle (CRCL) could take a revenue hit if U.S. rates fall sharply, but strong stablecoin demand and operating leverage may help soften the blow. Every 25 basis point drop …
Bitcoin & Ethereum
Circle Stock Dives as Rival Tether Secures Big Four Audit, Crypto Bill Threatens Stablecoin Yield
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by admin
In brief Circle’s CRCL shares dropped 20% on Tuesday following a recent surge in value for the firm’s stock. Stablecoin giant Tether announced a long-awaited agreement for an audit from a “Big Four” accounting …
Altcoin Highlights
Ark Invest Buys $30.5M Circle Shares as CRCL Stock Price Falls 12%
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by admin
Ark Invest bought $30.5 million worth of shares in Circle Internet (CRCL) on Wednesday as the issuer of the second-largest stablecoin fell 12%. Cathie Wood’s investment management firm added a total 353,328 CRCL shares …
Blockchain Research
Circle (CRCL) Called ‘Most Important’ Stablecoin Player by Investment Firm William Blair
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Circle (CRCL) is the most important player in the stablecoin ecosystem, according to investment bank William Blair, which initiated coverage on the company with an “Outperform” rating and a long-term bullish thesis. The firm …
