Circle


Фінанси

Banking Crisis Won’t Kill Crypto Banking Despite Short-Term Pain

From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say.

BBitcoin faces headwinds (Pixabay)

Фінанси

Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse

Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.

(Mario Tama/Getty Images)

Фінанси

$70M in Fresh On-Chain USDC Positions at Risk of Liquidation if Stablecoin Depegs by 10%

Traders betting on a USDC revival are in healthy profit but downside risk remains in the event of another depeg.

On-chain USDC liquidations (DefiLlama)

Фінанси

USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos

The stablecoin fell below $1 in value on Friday after it emerged that some portion of issuer Circle’s funds were at the failed Silicon Valley Bank.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Відео

Crypto Bank Silvergate Shutdown: 3 Key Takeaways

The crypto meltdown has claimed its first big casualty in the mainstream financial system. California-based Silvergate Bank plans to "voluntarily liquidate" its assets and wind down operations. Here are three key things to know about the company’s unwinding and what it means for the crypto industry and beyond.

CoinDesk placeholder image

Політика

Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.

CEO Jeremy Allaire's Circle is part of the consortium behind USDC. (Danny Nelson/CoinDesk)

Фінанси

Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally

The company plans to use corporate resources to fill the gap, including external capital.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Фінанси

Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto

Circle earlier confirmed it has $3.3 billion backing its USDC stablecoin parked at now-shuttered Silicon Valley Bank.

Coinbase CEO Brian Armstrong (CoinDesk)

Фінанси

Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

Silicon Valley Bank, one of the reserve banking partners for Circle's USDC stablecoin, was shut down by regulators on Friday.

CEO Jeremy Allaire's Circle is part of the consortium behind USDC. (Danny Nelson/CoinDesk)

Ринки

Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown

Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)