Circle Eyes, licenza francese per la moneta elettronica, nomina Parigi come centro dell'espansione europea

L'emittente di stablecoin Circle ha in programma di aprire un negozio a Parigi ed espandersi in altri mercati europei dalla capitale francese. La società di pagamenti crittografici ha anche richiesto una licenza di fornitore di servizi di moneta elettronica come parte della sua strategia di crescita in Europa. L'emittente USDC sta lavorando per allineare la sua stablecoin sostenuta dall'euro con la storica legge MiCA. La società di pagamenti in criptovalute Circle ha richiesto una licenza di moneta elettronica alle autorità di regolamentazione in Francia mentre l'emittente di stablecoin USDC si muove per espandere la sua presenza nei mercati europei, ha riferito Bloomberg martedì.

Timeline of Usd-coin

A multi-billion dollar emergency credit facility from American crypto exchange Coinbase to Circle Internet Financial recently came to light. The credit line was reportedly offered to the USDC issuer last week after the collapse of Silicon Valley Bank.

Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back to its $1 peg.

Crypto News: As more information about the tragic weekend of the USDC depeg continues to surface, the newest development in the wake of the failure of Silicon Valley Bank is the introduction of a credit line with a value in the multi-billion dollar range. It has been reported that Coinbase made a massive offer of The post Did Circle Get A $3 Billion Credit Line From Coinbase To Get USDC Back To $1?

Before the Silicon Valley Bank (SVB) crisis, the stablecoin USD Coin had captured about 70% of the on-chain transaction volume on Ethereum, indicating its popularity among the DeFi and NFT community.

The stablecoin market has seen significant changes over the past few weeks — including the removal of over 7 billion USDC stablecoins from circulation following the depegging event on March 11.

"Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins' potential volatility,” Moody's said.

USDC stablecoin investors panicked when Circle announced its exposure to the shuttered banks, and Circle's latest report on USDC Reserves and attestation from Deloitte, the global audit company, confirms the connection.  However, in a new development, Circle reports almost clearing all minting and redemption requests for USDC.

Cryptocurrency investors have withdrawn a net $3 billion in Circle's USDC coin this week. Circle said on its blog Wednesday (March 15) evening that it had “cleared substantially all of the backlog of minting and redemption requests” for its coin, the second most popular cryptocurrency.

Circle says it has fulfilled “virtually all” of the redemption and minting requests for its USD Coin $1.00 stablecoin. Circle announced in a March 15 operating update that it has redeemed $3.8 billion USDC and minted $0.

Circle, the issuer of dollar-based stablecoin USDC, was hammered when it was announced that the Fintech held $3.3 billion at Silicon Valley Bank (NASDAQ:SIVB). For a long minute, things looked a bit dire.