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Stablecoin issuer Circle has announced the Compliance Engine as part of a new set of products to attract developers building on-chain financial services. This would help companies achieve compliance, focusing on building amid recent regulatory hurdles.
It's an important step toward winning the tokenized RWA market as Circle continues to vye with stablecoin leader Tether.
The service will help “companies build onchain while meeting rigorous demands for compliance,” including FATF's Travel Rule.
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday.
TL;DR Circle seeks to legitimize USDC and EURC as official electronic currencies in the EU, taking advantage of MiCA regulations. The market capitalization of USDC has grown from $25 billion to $35.8 billion in 2024, while EURC has regained value, rising from $35.1 million to $62.88 million.
Circle's Jeremy Allaire pushes USDC and EURC growth in the EU, taking advantage of beneficial MiCA regulations.
In the latest cryptocurrency hack news, the BingX exchange has lost more than $43 million in a major theft leading to losses of investors' altcoins, particularly stablecoins. Reportedly, the hacker swapped most of the stolen funds into ETH and BNB after the exchange breach.
Louisiana has implemented a new option for residents to make payments to state agencies using Bitcoin and Circle's stablecoin USDC, according to a Sept. 18 press release.
The company, famous for its low-cost movie theater subscription, is partnering with Sui. They plan to integrate USDC, a popular stablecoin, as a way for users to pay for their subscriptions.
Binance launches a new promotion for its Fixed Rate Loans, offering users the chance to win up to 799 USDC. The campaign runs from September 19 to October 11, 2024.
Binance launches promotions for FIL and ETH Simple Earn Products, offering up to 799 USDC rewards and special APR rates.
Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil.
During the U.S. trading session on Wednesday, the cryptocurrency market witnessed a sudden uptick following the Fed interest rates by 50 BPS. The Bitcoin price surged above $60000 and sparked a renewed recovery momentum in the altcoin market.
Layer-1 smart contract platform SUI Network (SUI) is surging after announcing plans to support the stablecoin USDC. In a new blog post, USDC issuer and payments platform Circle says that the network will be adding USDC as well as support for Cross-Chain Transfer Protocol (CCTP), which allows interoperability with other prominent blockchains.
Circle, a stablecoin issuer, has expanded its reach in Latin America by offering USD Coin (USDC) in Mexico and Brazil.
Binance has launched a promotion allowing users to earn up to 104 USDC through deposits or crypto purchases. The promotion runs from September 19 to October 17, 2024.
Sui has recorded an impressive price rally last day following the integration of native USDC on the platform. At the time of writing, Sui (SUI) was still up 10% over the past day, exchanging hands at $1.
This means companies can access USDC directly from local banks, making it easier and faster to use digital dollars for business. No need to send money overseas and wait for it to clear – now it can happen in just minutes instead of days.
Circle announced new integrations with local payment systems in both Brazil and Mexico.
Circle, a financial services company, and Sony Block Solutions Labs, a Sony Group company, have partnered to launch USDC, a dollar-pegged stablecoin, on Soneium, an Ethereum L2 blockchain. The collaboration includes the launch of Bridged USDC on Soneium to be part of the economy of the emergent ecosystem, becoming a primary token for value exchange.
SUI, the network's native token, is up over 10% following the news and currently exchanging hands for $1.15.
USDC is now integrated into the banking systems of Brazil and Mexico, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions.
USDC is now available through traditional financial institutions in Brazil and Mexico after the issuer Circle connected the stablecoin to banking rails in the countries. In a release, Circle said it connected USDC to SPEI, a system powered by Banco de Mexico and PIX, the payment systems launched by the Central Bank of Brazil.
The Bridged USDC Standard support offers greater ease for developers and security for users.
