Circle shuts down critics with on-going disclosures on USDC reserve assets

Circle issued its first monthly report of USDC reserve assets on July 14 in an effort to enhance transparency. The post Circle shuts down critics with on-going disclosures on USDC reserve assets appeared first on CryptoSlate.

Timeline of Usd-coin

The crypto bear market has dragged many platforms to their knees, while most of the assets have plunged hard by nearly 90% from their highs. Bitcoin specifically dropped heavily from $69,000 amid the correction and slashed heavily from $45,000 to as low as $17,600 due to a couple of crashes led by the lending platforms. …

Matt Taibbi, a notable author, and journalist wrote a scathing article warning against investing in USDC. Pointing to the Circle being the sole counterparty to its reserve funds, Taibbi revealed that Circle's Reserve Fund would belong to the company and not its holders.

Banking Circle, the tech-first payments bank, is shifting the dial in the virtual assets market with a new service for banks and payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is “delivering an easy to.

Financial infrastructure provider Banking Circle said July 8 that it has started offering payment acceptance, process, and settlement in USDC. The post Banking Circle adds USDC payments and fiat conversion appeared first on CryptoSlate.

Circle CEO Jeremy Allaire has said users of Circle Yield can withdraw their money early without facing penalties as cryptocurrency markets see their worst performance in years. The post Circle Allows ‘Free' Early USDC Withdrawal From Fixed Yield Treasury Product appeared first on BeInCrypto.

[PRESS RELEASE – Greenwich, Connecticut, 5th July 2022] Spritz will enable its customers to seamlessly link their credit cards, mortgage, student loans and more monthly expenses directly to their crypto wallet and make payments in USDC on the Polygon network Spritz Finance, a Web3 bill pay platform for decentralized finance (DeFi) users to easily pay

Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse. What Happened: Following the recent crypto market crash, Allaire addressed the USDC's potential de-peg in a series of tweets on July 2.

When compared to its $66 billion rival giant Tether (USDT), Circle's native stablecoin USD Coin's growth in the previous two months has been nothing short of amazing. Notably, since May, USDC's market value has increased by 8.27%, peaking on July 2 at $55.9 billion. Contrarily, USDT's market valuation, now hovering around $66.14 billion, has decreased …

Greenwich, Connecticut, 5th July, 2022, ChainwireSpritz will enable its customers to seamlessly link their credit cards, mortgage, student loans and more monthly expenses directly to their crypto wallet and make payments in USDC on the Polygon network Spritz Finance, a Web3 bill pay platform for decentralized finance (DeFi) users to easily pay their bills with crypto, announced today a new product feature allowing customers to directly pay their bills straight from crypto wallets, such as Metamask, using USD Coin (USDC). The feature is available now for Spritz private beta users active on the Polygon Network.

Jeremy Allaire, CEO of USDC issuer Circle has moved in to quell rumors of an impending USDC collapse following a crypto market deleveraging event that has seen some stablecoins lose their peg and lending firms get trapped in a liquidity crisis.