Il CFO di Circle afferma che USDC sta operando "come previsto"

Il Chief Financial Officer di Circle, Jeremy Fox-Geen, ha rilasciato un aggiornamento sulle operazioni della stablecoin USD Coin (USDC) della società. La dichiarazione di Fox-Geen è una risposta alle turbolenze del mercato a seguito del crollo dell'exchange di criptovalute FTX.

Timeline of Usd-coin

The impact of the FTX collapse has been spreading significantly over the other platforms as more number of them are restricting users' activity, failing to carry out their business as usual. While some of the platforms who denied earlier have admitted to their platform's exposure to the FTX crisis.

Popular stablecoins are moving off exchanges, as the cryptocurrency industry continues to roil following the FTX (CRYPTO: FTT) collapse. What Happened: Over $23 billion in stablecoins have exited cryptocurrency exchanges, since March 2022, according to Santiment Insights.

Circle has alluded to over $10 million exposure to FTX It also hinted at the loss suffered due to Binance's auto conversion In a recent Twitter post, Circle's Jeremy Allaire said that USDC only had a small amount of exposure to FTX.

On Tuesday (15 November 2022), FinTech firm Circle Internet Financial, the issuer of fiat-backed stablecoins USD Coin (USDC) and Euro Coin (EUROC), announced that “eligible businesses who build with Circle can now help further boost their sales by accepting Apple Pay.

The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement while allowing crypto businesses to engage with non-crypto-using customers.

Circle Financial Services has recently announced that any business that builds on its platform now has the option of integrating Apple Pay. This will help to boost the sales of those businesses further than they had in the past.

Apple Pay, the very popular digital wallet offering from Apple (NASDAQ:AAPL), is now available via Circle, according to a blog post. Circle stated that eligible businesses who build with Circle can now accept Apple Pay.

Due to increasing levels of FUD surrounding the FTX/Binance saga, Circle's CEO in a recent tweet, played down from the saga affirming that circle worked under high standards and accountability.

Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects similar to the demise of Celsius and Terra Luna could loom.

The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this 2022 due to the market crash.