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Circle
What We Know – and Don’t Know – About Stablecoins’ Dollar Backing
(Updated Oct. 31, 2021) As information disclosed by issuers varies, it’s not easy for investors to make apple-to-apple comparisons.
USDC Builder Circle Wants to Become a ‘Full-Reserve National Commercial Bank’
“The Hash” hosts discuss the industry implications for Jeremy Allaire’s Circle, a neo-bank and stablecoin USDC issuer, intending to become “a full-reserve national commercial bank.” “This is an ambitious plan, but the idea of having an FDIC-insured digital asset bank would be very notable for the sector,” host Zack Seward said.
USDC Builder Circle Says It Wants to Become a National Crypto Bank
The plans would take Circle well beyond the OCC banking charter already conditionally issued to several firms.
Poloniex Agrees to $10M Settlement With SEC for Operating Unregistered Exchange
The exchange violated securities law, according to the SEC.
No More Lengthy Wallet Addresses – Send USDC to 'username.coin'
Being able to use a simple username akin to a Twitter or Instagram handle may make sending crypto payments more like sending an email or a text.
Why Stablecoins Are Suddenly in the News
From questions surrounding Tether's USDT to Circle's plan to go public, here is your guide to why everyone is suddenly talking about stablecoins.
SEC Chair Hints Some Stablecoins Are Securities
Stock tokens and stablecoins backed by securities might be treated as securities under U.S. law, SEC Chair Gary Gensler said.
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.
