Circle
Market Wrap: Bitcoin Sells Off as Regulatory Concerns Resurface
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
USDC Stablecoin Backer Circle to Go Public in $4.5B SPAC Deal
Jeremy Allaire’s Circle, which issues stablecoin USD coin (USDC), is going public in a special purpose acquisition company (SPAC) deal that values the firm at $4.5 billion. “This deal matters because it’s a continuation of crypto companies making good, going public, and infiltrating the traditional world,” host Adam B. Levine said.
USDC Is Only Circle’s Second-Biggest Business, SPAC Filing Shows
“Transaction and treasury services,” with clients including Dapper Labs, Compound Labs and FTX, is the soon-to-be-public company’s top revenue source.
Circle CEO Says USDC to Take High Road, But It's a Long Road
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC.
Circle Says It Lost $2M to Email Fraudsters in June
The USDC issuer said in an SEC filing that customer funds were not impacted by the incident.
Circle Lost $156M on Poloniex Acquisition, SPAC Documents Reveal
The soon-to-be public company is still dealing with Poloniex’s legal woes despite cutting ties in 2019, with securities and sanctions fines to be paid.
USDC Backer Circle to Go Public in SPAC Deal
Amid much debate on the outlook for stablecoin regulation, Jeremy Allaire’s Circle, which issues stablecoin USD coin (USDC), is going public in a special purpose acquisition company (SPAC) deal. “Circle has a huge opportunity to provide more transparency than any other stablecoin issuer,” CoinDesk’s Nikhilesh De said.
USDC Stablecoin Backer Circle to Go Public in $4.5B SPAC Deal
Circle will go public by way of Bob Diamond's Concord Acquisition Corp.
Circle Isn't Winning the Stablecoin Transparency Race
Stablecoin projects increasingly compete on transparency. Circle's two-month-old data on "approved investments" leaves something to be desired.
USDC on Tron Blockchain Surpasses $100M 2 Days After Public Unveiling
The growth could be the result of traders looking for faster and cheaper transactions compared with Ethereum.
