USDC issuer blames SEC for derailing $9b plans to go public

Last year, Circle's ambition to become a publicly traded company through a $9 billion SPAC merger was denied by the United States Securities and Exchange Commission (SEC), the crypto firm declares. Last month, the agreement between Circle and Concord Acquisition was terminated due to market instability following FTX's shutdown.

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This Is How Circle's USDC Will Outcast Tether's USDT - CoinPedia

In the last 24 hrs the star cryptocurrency, Bitcoin has plunged from its crucial support level of $23K. Also it happens to be the second day that Bitcoin is flashing negative marking.

Coin Bureau Makes Prediction on Circle's USDC, Issues Stark Warning – Here's His Outlook - The Daily Hodl

The host of the popular crypto channel Coin Bureau is predicting one US dollar-pegged stablecoin is poised to run the market. Coin Bureau host Guy Turner tells his 2.2 million subscribers that Circle's USD Coin (USDC), the second-largest stablecoin by market cap, is on its way to overtaking Tether's USDT as the world's dominant stablecoin.

Circle says USDC ‘is a dollar with super powers' at WEF, pushes for more inclusion - CryptoSlate

USD Coin (USDC) founder Circle attended the World Economic Forum (WEF) to explain “why USDC is a dollar with super powers.” The WEF took place between January 16 and January 20, 2023, in Davos and hosted over 1,500 industry leaders as well as government representatives from around the globe.


All you need to know about USDC's new protocol that developers and users are excited about - Cryptopolitan

Cross-chain bridges accounted for the loss of billions of dollars from crypto hacks in 2022. Circle's USDC new protocol is a workaround on cross-chain bridges that is cheaper and more efficient.

Circle Taps Deloitte as New Auditor, Doubles Down on Proof of Reserves  - Blockworks

Circle, who for years partnered with firm Grant Thornton for its audits, makes the switch to Deloitte as various accounting firms express concern over working with crypto companies

Circle: USDC stablecoin is always 1:1 redeemable for US dollars - CryptoSlate

In a recent report on the state of the USDC economy, Circle devoted a section on the stablecoin “always” being 1:1 redeemable for United States dollars. The post Circle: USDC stablecoin is always 1:1 redeemable for US dollars appeared first on CryptoSlate.

Davos 2023 New regulatory definitions needed for digital assets -Circle CEO - Reuters

Major markets such as the United States need new statutory definitions of digital assets to provide regulatory clarity for the sector, Jeremy Allaire, CEO of USDC stablecoin issuer Circle said on Monday.

Wormhole attackers transfer $2.9m USDC to a new wallet address months after hack - Crypto news

Wormhole network exploiters have transferred $2.9 million USDC to a new Ethereum wallet based on a report by crypto security site, Mistrack. Over 120,000 ETH were previously stolen from Wormhole.

Nearly 65% of USDC reserves are held as US Treasury Bills - CryptoSlate

According to Circle's most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. The post Nearly 65% of USDC reserves are held as US Treasury Bills appeared first on CryptoSlate.

The Circle Reserve Fund Managed By BlackRock Has $12.79 Billion Invested In  - Coincu

Key Points: According to Circle's most recent attestation report, 30% of USDC's reserves – or $12.79 billion – are invested in its government money market fund, the Circle Reserve Fund, managed by BlackRock.