On April 3rd, the USDC Treasury minted 250 million USDC on the Solana blockchain, according to blockchain tracker Whale Alert. The freshly created tokens, valued at approximately $249.9 million, were issued just hours before press time as part of Circles ongoing efforts to boost USDCs circulating supply and meet growing market demand.
That means anyone signing up for Binance Pay will automatically use USDC for transactions. For starters, sending and receiving money just got easier.
On April 3rd, the USDC Treasury, in its regular attempt to boost the supply of USDC in circulation, created 250 million fresh USDC tokens on the Solana blockchain, according to data provided by blockchain tracker Whale Alert.
Borderless CEO Kevin Lehtiniitty gives the bear case for Circle, after the firm filed an S-1 to go public in the U.S.
Circle's IPO filing reveals surprising revenue-sharing arrangement with Coinbase as USDC maintains stability despite market pressures.
The escalating TikTok drama in the United States could turn out to be super beneficial for the HBARians.
With both Circle and OpenAI making two groundbreaking financial announcements this week, shockwaves have been sent through both the tech and finance worlds.
Alchemy Pay, the leading crypto payment solutions provider, has finally unveiled the long-anticipated timeline for the launch of its own Layer-1 Blockchain, Alchemy Chain. Revealing its plans in the 2025 roadmap presented on April 2, the crypto payment gateway said that it aims to build the future of global stablecoin ecosystem on Alchemy Chain.
Hedera (HBAR) has faced a downtrend recently, with the crypto asset's price failing to maintain support at $0.200. This failure to establish a solid base has led to a pullback.
Recently, Nitty dropped a major hint about a multi-million dollar project coming to the Hedera Hashgraph ecosystem. This project will be tied to its token, $HBAR.
The startup is mainstream and family-friendly. Zoop has partnered with the HBAR Foundation to submit a late-stage bid to acquire TikTok from ByteDance.
OnlyFans founder and HBAR Foundation join growing list of bidders for TikTok as April 5 sale-or-ban deadline approaches.
A trader spots a promising opportunity on a Cosmos-based exchange, initiates a USDC transfer from Ethereum, and then waits. Twenty minutes pass while market conditions shift with each second.
The Hbar Foundation has partnered with Zoop, a startup founded by Onlyfans creator Tim Stokely, to bid on Tiktok's U.S. operations.
The HBAR Foundation has joined forces with Tim Stokely, founder of subscription platform OnlyFans, to submit a bid to acquire TikToks U.S. operations. According to Reuters, the proposal was submitted to the White House last week via Stokelys new crowdfunding venture, Zoop.
Tim Stokely, the founder of OnlyFans, and a cryptocurrency foundation have joined forces to place a late-stage bid for the acquisition of TikTok's U.S. operations from ByteDance. What Happened: The bid was put forth this week by Zoop, Stokely's latest venture, and the HBAR Foundation, which manages the Hedera (CRYPTO: HBAR) blockchain network, according to details shared with Benzinga.
The duo join a growing number of crypto firms and tech giants vying for TikTok as a U.S. divest-or-ban deadline looms.
The American fintech firm is planning to go public following the reporting of a bumper stablecoin reserve income for 2024.
We already revisited the Dan Tapiero quote about an imminent “crypto IPO, M&A, SPAC boom.” And I wrote about the possible “feeding frenzy” coming on the M&A side.
On today's show, crypto investors await President Trump's announcement on new tariffs on goods imported into the United States. Plus, Circle, the company behind the USDC stablecoin, has filed for an initial public offering with the SEC.
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Hedera (HBAR) is down more than 2.5% in the last 24 hours as traders brace for potential volatility tied to upcoming “Liberation Day” announcements. Technical indicators paint a mixed picture, with signs of weakening trend strength but continued bearish momentum.
Zoop, the social app created by OnlyFans founder Tim Stokely, and the HBAR Foundation have reportedly submitted a bid to purchase the video-sharing app TikTok in the United States.According to an April 2 Reuters report, the HBAR Foundation and Zoop filed an intent to bid on TikTok with the Trump administration the previous week. The bid will follow others from major technology companies, including Amazon, Oracle, Microsoft, and Rumble, in an attempt to keep the video-sharing app's services alive for US users.
HBAR Foundation, the body linked to the Hedera blockchain, has inked a partnership with OnlyFans founder Tim Stokely to submit a late bid for TikTok. The crypto firm and a startup run by Stokely, Zoop, are taking on tech giants like Amazon for the micro-messaging and video platform.
The "intent" to bid on TikTok was sent to the White House and U.S. President Donald Trump this week, the report said.
We finally have Circle's S-1 and, honestly, it's just as juicy as I had hoped.
Circle Internet Group is looking to become a publicly-traded company, filing for an IPO. It plans to use the ticker 'CRCL.
Sony Electronics Singapore partnered with Crypto.com to accept USDC payments, which is a huge step toward mainstream crypto adoption in the region.
Circle's new initial public offering (IPO) filing has shed light on its relationship with Coinbase, including the millions paid to the exchange for USDC stablecoin distribution. According to the filing, over 50% of the firm's revenue in 2024 went to Coinbase.
Sony Electronics Singapore has announced the acceptance of USDC stablecoin payments through a partnership with Crypto.com.
Cryptocurrency firm Circle has revealed surprising insights in its recent IPO filingCoinbase earns more from USD Coin (USDC) than Circle itself. Circles largest expense in 2024 was a staggering $908 million paid to Coinbase for USDC distribution.
USDC issuer Circle has filed for an IPO with the SEC, aiming for a $4-5 billion valuation, as it navigates volatile market conditions and regulatory challenges.
Circle Internet Financial, the company behind USD Coin (CRYPTO: USDC), is showing a mixed financial picture ahead of its planned public listing, with revenue up by 16%, but profitability down due to higher costs and increased redemptions. What Happened: In a post dissecting the newly filed S-1 prospectus, Matthew Sigel, Head of Digital Assets Research at VanEck, highlighted the disconnect between Circle's topline momentum and its bottom-line performance.
TL;DR Circle disclosed in its IPO filing that in 2023, it purchased the remaining 50% equity stake in Centre Consortium from Coinbase for $210 million worth of shares. This acquisition positioned Circle as the sole issuer of the USDC stablecoin, effectively dissolving the joint venture entity Centre.
Circle Internet Group, the company behind the USDC stablecoin, filed for an initial public offering on Tuesday after markets closed, as it prepares to list its shares on the New York Stock Exchange.
What happens if you build the second-largest stablecoin in the world, with over $60B in market cap – but someone else earns most of the profits? That's exactly the situation that Circle finds itself in with $USDC.
Coinbase Global is entitled to half of the residual revenue generated from reserves backing Circle's USDC stablecoin, according to new disclosures in Circle's S-1 filing. The post Coinbase Receives 50% of Circle's USDC Reserve Revenue, IPO Filing Reveals appeared first on Cryptonews.
Today, Crypto.com announced a new partnership with Sony Electronics. The partnership serves to enable direct payments in cryptocurrencies in Singapore, given that now Sony customers in Singapore can now use crypto to make purchases on Sony Store Online by paying with Crypto.com Pay.
Circle Crypto aims for a $5 billion IPO despite financial struggles, rising USDC supply, and competition.
Sony Electronics' Singapore has added cryptocurrency payments in partnership with crypto exchange Crypto.com.
Circle files for NYSE IPO valued at $4-5 billion as USDC market cap hits $60 billion amid growing stablecoin adoption and crypto-friendly regulations.
People shopping on the Sony Store Online in Singapore can now pay with cryptocurrency, according to an April 2 announcement from the crypto exchange Crypto.com.
Circle has taken a significant step toward going public by filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).
Sony Electronics Singapore now accepts USDC payments on its online store via Crypto.com Pay, with plans to support more cryptocurrencies.
Sony Electronics announced it will accept USDC stablecoin payments in Singapore facilitated by Crypto.com.
Shady crypto mixing protocol eXch is merging with an offshore entity and restructuring to evade scrutiny over laundering tens of millions stolen from Bybit.
Sony Electronics (Singapore) Pte. Ltd. (SES) has announced a partnership with Crypto.com to accept USDC, a U.S. dollar-pegged stablecoin, for direct payments on Sony Store Online. This integration aims to make cryptocurrency payments more accessible to consumers, particularly tech-savvy shoppers. Crypto.