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Xapo Bank has announced that its members can now directly deposit and withdraw their USDC stablecoins on its regulated banking platform.

Asides from integrating a USDC payment rail, Xapo Bank recently partnered with Faster Payment System (FPS) to extend its global reach.

Xapo Bank, a licensed private bank and Bitcoin custodian has partnered with financial technology company Circle to integrate USD Coin (USDC) payment rails as an alternative to the traditional SWIFT payment system. This partnership allows Xapo Bank members to deposit and withdraw funds using the stablecoin without fees.

Xapo Bank announced that it would partner with stablecoin issuer Circle to provide members with an alternative to traditional banking payment systems using USDC.

According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees.

Circle's USD Coin (USDC) stablecoin chief strategy officer Dante Disparte's Twitter account has been hacked, with the account reportedly promoting fake loyalty rewards to long-time users of USDC.

Stablecoin issuer Circle has warned its community about a fake USD Coin (USDC) airdrop on the Twitter account of its chief strategy officer and head of global policy, Dante Disparte.

The Twitter account of Circle's CSO and Head of Global Policy Dante Disparte was compromised on Wednesday.CEO Jeremy Allaire confirmed that Disparte was hacked after his account tweeted a fake USDC airdrop link.Phishing scammers have targeted verified Crypto accounts in the past to drain unsuspecting users of their digital assets. The Twitter account of Circle's Chief Strategy Officer and Head of Global Policy Dante Disparte was compromised sometime around 1:35 PM UTC on Wednesday.

The Twitter account of Dante Disparte, who serves as both the chief strategy officer (CSO) of Circle and the director of global policy for the company was hacked, as stated in an official tweet published on March 22 by Circle — the company that issues the USD Coin (USDC) stablecoin. The scammer reportedly began pushing The post Breaking: Circle Confirms CSO Twitter Account Hack, Promoted “One-Time Bonus” USDC Airdrop appeared first on CoinGape.

Hackers have used a Circle executive's Twitter account to promote a fake USDC airdrop.

Circle CEO Jeremy Allaire has revealed that the Twitter account of one of the company's top executives that promised a USDC airdrop has been hacked. 

Paolo Ardoino said that recent events in the crypto space demonstrate that Bitcoiners were right and that Bitcoin is the “ultimate way” to hold wealth.

The new feature from Nimiq aims to simplify stablecoin payments without requiring Polygon's native matic tokens for transaction fees.

Due to the recent events surrounding SVB and Circle, the stablecoin market witnessed a lot of volatility over the past few weeks. After the dust settled, Tether [USDT] emerged on top, when compared to other stablecoins.

@lookonchain "Smart Money" tracker tweeted that it had come across a mysterious whale who managed to save tens of millions of USD worth of crypto during the infamous events that took place in the crypto market in early November of last year.

Head of Binance Changpeng Zhao, widely known in the crypto space as CZ, took to Twitter to offer a reminder that USD-backed stablecoin BUSD, which Binance launched in September 2019, is no longer minted but remains in circulation. It happened at the end of February after Paxos stopped issuing this stablecoin.

Stablecoin issuer Circle is experiencing a significant redemption of its USD Coin (USDC). Customers redeemed $738.

Xapo Bank says it is the first regulated bank to accept USDC deposits and withdrawals. Issued by Circle, USDC is the second largest stablecoin by market cap, pegged to the US dollar.

USD Coin (USDC) issuer Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France — expanding its operations in Europe.

Ron DeSantis is preemptively clamping down on a potential U.S. CBDC. Other states could take his cue and do the same.

Circle is aiming to become the first crypto company to receive full authorization under the French DASP regulatory regime.

Stablecoin issuer Circle plans to set up shop in Paris and expand into other European markets from the French capital.The crypto payments company also applied for an e-money service provider license as part of its growth strategy in Europe.CEO Jeremy Allaire added that the USDC issuer is working to align its Euro-backed stablecoin with the landmark MiCA bill. Crypto payments company Circle applied for an e-money license from regulators in France as the USDC stablecoin issuer moves to expand its presence across European markets, Bloomberg reported on Tuesday.

Circle calls for regulation and reserve backing of USDC stablecoin after SVB collapse, proposes holding reserves with the Federal Reserve.

Circle, the Boston-based financial technology company and issuer of the USDC stablecoin, recently survived the failure of Silicon Valley Bank (SVB).