- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Circle
BlockFi Receives Cease and Desist Order From New Jersey Attorney General
Crypto lending platform BlockFi has received an order from New Jersey’s acting attorney general (AG) to halt its Interest Account (BIA) operations in the U.S. state. CoinDesk’s Nikhilesh De discusses the implications for BlockFi and its clients. Plus, his take on Circle’s breakdown of its assets backing the stablecoin USDC.
Circle: USDC Backed 61% by Cash and Cash Equivalents
In its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and money market funds. “The Hash” panel discusses Circle’s breakdown of its asset reserves, at least partially answering swirling questions about how USDC is supported.
Circle Reveals Assets Backing USDC Stablecoin
Crypto's No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here's what comprises the rest.
Mastercard to Test USDC for Payments as Stablecoin Scrutiny Intensifies
Mastercard will use the USDC stablecoin as a bridge asset for cardholders who want to pay for goods using cryptocurrencies.
Crypto Long & Short: Crypto Needs More Than VC Interest
Plus: Correcting misconceptions about institutional interest in crypto, and why Circle going public may bring greater regulatory clarity in the U.S. for stablecoins.
Market Wrap: Bitcoin Holds Above $30K but Price Chart Looks 'Ugly'
Also, Circle might be an attractive "starter stock for the cautious" when it goes public, according to one analyst.
Tether Hasn’t Printed New USDT in Weeks: 3 Possible Explanations
Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.
State of Crypto: Binance Is Firmly in the Regulatory Crosshairs
World regulators have announced warnings around Binance, drawing attention to the exchange's operations and hinting at future actions.
Which Crypto Firms Will Follow Coinbase, Circle Into the Public Markets?
Last week saw two crypto SPACs in two days. We asked stock analysts, “Who’s next?”
