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Circle unveiled its latest v2.2 upgrade for USDC and EURC, introducing a series of transformative changes designed to enhance the efficiency, security, and functionality of the EVM blockchain.
Circle, the company behind the popular USDC stablecoin, is currently exploring the possibility of going public with an initial public offering (IPO) in 2024, as reported by Bloomberg. This development marks a significant step for the cryptocurrency and blockchain industry, potentially bringing a well-established digital currency player into the traditional stock market.
A recent research paper concluded that the use of stablecoins for speculative activities in the crypto assets industry has dropped by 90 percent since 2019.
Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly exploring the possibility of going public with an initial public offering (IPO) slated for next year, Bloomberg reported on Nov. 7. Insiders familiar with the matter revealed that the stablecoin issuer had initiated discussions with advisors to facilitate the IPO process.
Circle, the creator of USD Coin (USDC), the popular stablecoin, is set to launch an Initial Public Offering (IPO) in 2024. According to Bloomberg, the company is already talking to advisors as it prepares for this. Circle Internet is one of the most important companies in the blockchain industry.
Circle Internet Financial Ltd., the issuer of the USDC stablecoin, is contemplating an early 2024 IPO public listing, as per sources familiar with the matter.
Circle is considering going public through an initial public offering after a plan to do similar via a SPAC failed to materialize.
Stablecoin issuer Circle is reportedly planning to go for an initial public offering (IPO) in early 2024, joining the likes of Coinbase (COIN) among core crypto companies that went public. Currently, discussions are said to be ongoing in preparation of a potential IPO.
According to their monitoring data, an astounding 74,412,196 USDC (equivalent to USD 74,409,429) was effectively burned within the USDC Treasury burns.
Although Jupiter did not disclose when it would release the token, the Solana community showed that it was excited about the prospect.
In a surprising turn, the recent decline of USD Coin (USDC) supply prompts questions about its stability and competitors' gains.
In a significant move that's making waves in the world of digital currency, Circle, the issuer of USD Coin, has made a strategic decision to curtail its minting services for retail users. This decision marks a pivotal moment in the world of cryptocurrency, as it has caused the circulating supply of USD Coin to drop below 25 billion for the first time since 2021.
The growth of the world's largest stablecoin, namely USDT (Tether), continues: its dominance has expanded to such an extent that its market capitalization has risen to nearly 3.7 times that of the world's second largest stablecoin, namely USDC (USD Coin).
Coinbase generated $674.1 million in revenue during the third quarter of 2023 compared to $590.3 million for the same period in 2022.
USDC issuer Circle Internet Financial said Tuesday it is curbing service for individual accounts to mint stablecoins. "Circle is phasing out support for legacy consumer accounts and has notified individual consumers of this decision," a Circle spokesperson told CoinDesk in an email.
USD Coin, the second-largest stablecoin, has seen its circulating supply decline below 25 billion for the first since 2021 after its issuer, Circle, curbed minting services for retail users. “In September 2021, we sunset a customer app and are now offboarding those legacy, individual consumer accounts,” Circle said in an Oct.
Circle said the account closures do not apply to businesses or institutional Circle Mint accounts.
USDC issuer said that retail users can no longer mint the stablecoin from Circle—they'll need to buy tokens from exchanges or brokerages.
This week's Crypto Biz looks at BlockFi's emergence from bankruptcy, BlackRock's spot Bitcoin ETF developments, Worldcoin's operator payment scheme upgrades and more.
The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network's validators created the first block, signifying the start of a new era for the Dydx chain.
The dYdX Foundation has launched the dYdX Chain mainnet, a significant development that enhances the utility of the DYDX token in the realms of staking, security, and governance. This proof-of-stake network, built using the Cosmos SDK, positions DYDX as its Layer 1 token, further cementing its role in the dYdX Chain.
Stakers and validators will also earn all of the newly launched chain's fees for helping to secure the dYdX Chain.
A prominent stablecoin issuer, Circle has entered a strategic alliance with Taiwan's top cryptocurrency service provider, BitoGroup, and the renowned convenience store chain, Taiwan FamilyMart. This move aims to revolutionize the use of loyalty points, enhancing their utility and facilitating a seamless transition into the digital economy for Taiwanese consumers.
Circle, the stablecoin issuer behind USDC, has announced a partnership with FamilyMart, Taiwan's second-largest convenience store chain, and local crypto exchange BitoGroup.
