Latest News

Circle's USDC stablecoin is down from $45 billion in circulation at the start 2023 to just $26 billion as the summer winds down.

Web3.0 startup and stablecoin issuer, Circle has reported a better-than-expected financial performance for the first half of the year. The Circle Revenue Boost Per a report from Bloomberg as propagated by Circle CEO, Jeremy Allaire, the company raked in a total of $779 million in the first half of this year.

The battle for supremacy among stablecoins is a fierce one, with USD Coin (USDC) and Tether (USDT) emerging as two key contenders. Recent insights shared by the market intelligence platform IntoTheBlock shed light on the nuanced preferences of institutional stablecoin investors, offering a comprehensive comparison of metrics associated with these prominent players.

"Ramp will support Base right from its inception, enabling transactions with ETH and USDC from day one," CEO Sypniewicz said.

Circle CEO Jeremy Allaire says that non-US markets are driving the adoption of Circle's dollar-pegged stablecoin USD Coin (USDC). Allaire says there's a large international demand for “safe, transparent digital dollars.

This week's episode of The Market Report explores the reasons why Binance let go of a majority of its USDC reserves and what it replaced them with.

PayPal unveiled its own stablecoin on Monday, becoming the first major U.S. fintech company to venture into the world of stablecoins. The newly launched dollar-pegged stablecoin, aptly named PayPal USD, aims to revolutionize the movement of funds among millions of crypto investors, promising a distinct competitive edge despite the prevailing market conditions.

Circles top executive, Jeremy Allaire, recently shared that the majority of USD Coin (USDC) users hail from regions outside the United States. Allaires update on August 8 to his 131,300 followers on X (formerly Twitter) highlighted the impressive statistics, noting that approximately 70% of all USDC interactions are international.

Regulatory issues may have played a key role in determining which side whales and institutions would sway in the USDT vs. USDC battle for dominance.

Circle is directing its attention to international markets where there is a rising trend in adoption.

In the ever-evolving world of cryptocurrencies, Binance, a prominent cryptocurrency exchange, has released its latest report, giving a sneak peek into its digital treasure chest. While this audit provides insight into Binance's financial standing, it's the movement of its USDC reserves after the Silvergate incident that has ignited conversations and piqued interest within the crypto realm.

Jeremy Allaire, Co-founder & CEO of Circle, a Fintech that's focused on stablecoins and other services supporting the blockchain and crypto sector, says that despite the hype that they're all about the US, the firm “estimates that 70% of USDC adoption is non-US, and some

The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users.

Circle's CEO, Jeremy Allaire, unveiled that approximately 70% of USDC adoption occurs outside the United States. Despite the perception that USDC primarily caters to the US market, emerging economies and developing regions emerge as strongholds for this stablecoin.

The exchange's USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1.

Jeremy Allaire, the Chief Executive Officer (CEO) of Circle, a prominent blockchain company, has projected that a substantial portion, potentially

Jeremy Allaire, Circle CEO, confirmed that USD Coin (USDC) saw more redemptions than issuance over the past month, according to an Aug. 7 tweet. Allaire stated that Circle issued $5 billion worth of USDC over the past month, with redemptions surpassing issuances by $1.6 billion, totaling $6.6 billion.

Binance's Proof-of-Reserve (PoR) shows that the crypto-exchange sold its USDC stablecoin reserves to buy about 100,000 BTC and 550,000 ETH. The equivalent of about $3.5 billion in the two major crypto assets was executed during the period from 12 March to 1 May 2023.

In a recent report, Circle CEO Jeremy Allaire made a remarkable revelation about the adoption of USD Coin (USDC), stating that 70% of its adoption originates from countries outside of the United States.

Circle CEO Jeremy Allaire has refuted that the firm focuses solely on the American market. In a tweet on Monday, Allaire asserted that a substantial portion of their business comes from abroad.

Indeed, Allaire writes that “despite the hype that we are all in the US,” in fact the largest use of USDC occurs outside the US itself.

In its recent Proof of Reserve (PoR) disclosure on August 8th, Binance unveiled a significant reduction in its USDC balance from $3.4 billion on March 1 to $23.9 million on May 1.

The reported lack of traction in the United States hasn't slowed Circle's CEO from lobbying in Washington however.

Binance's depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO's quip during the company's Q2 earning call.