Circle

Circle

Finance

OKX draws investment from StanChart, Circle, Ripple as it pushes beyond crypto exchange roots

The exchange is increasingly aiming to position itself as a global financial tech platform spanning crypto, payments and tokenized assets, following an investment and joint venture with NYSE parent ICE.

OKX founder Star Xu (OKX)

Finance

Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'

The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach Abrams said.

Zach Abrams, CEO of Open Standard (Open Standard, modified by CoinDesk)

Finance

Binance deal gives Circle a boost in stablecoin race with Tether, analysts say

The five-year deal could strengthen USDC’s reach in emerging markets, though Tether’s liquidity advantage remains hard to dislodge, analysts told CoinDesk.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

Markets

Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist

The stablecoin issuer blacklisted a wallet holding about $318,000 in USDT and USDC. Most of the stolen funds sit in ether, which can't be frozen.

Circle and Tether freeze hacker's stablecoin (Etherscan)

Policy

Binance buys $100 million Circle stake in five-year USDC promotion deal

Circle sold 1.24 million shares at $80.84 each and will pay Binance a monthly fee tied to USDC held through its wallet infrastructure.

Changpeng Zhao (Nikhilesh De/CoinDesk)

Finance

Coinbase, Robinhood, Circle could be early winners of SEC's tokenized-stock push, analysts say

Goldman Sachs and Citizens analysts said the agency's move create new opportunities in custody, tokenization infrastructure and stablecoin settlement, while giving brokers room to expand onchain products.

Coinbase CEO Brian Armstrong

Finance

How Circle’s institutional Arc blockchain got taken over by memecoins on day one

Circle blockchain Arc's first day was dominated by memecoins, and the traders behind them had already moved on by Thursday morning.

Arc first day volume (DefiLlama)

Finance

Circle debuts Arc blockchain which Jeremy Allaire calls ‘more consequential’ than USDC

The USDC issuer's chain is built for payments, tokenized assets and institutional finance as banks and payment giants pile into the stablecoin market.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Finance

Velocity extends Series A to $48M at $200M valuation with backing from Visa, Circle, and Ripple

The investment brings Velocity's Series A round to $48 million and values the London-based payments infrastructure firm at $200 million, CEO Eric Queathem said.

Eric Queathem, CEO and co-founder of Velocity (Velocity)

Finance

Circle's $400M Tazapay deal buys emerging market links that take ‘years to build’

Stablecoins' “next battleground is in emerging markets,” one expert said, as Circle looks to expand USDC's reach where rival Tether has long been strong.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)