Circle


Finance

Circle Acquires Malachite to Power Its Upcoming Arc Blockchain

The USDC stablecoin issuer last week said it is building its own blockchain focused on stablecoin finances.

(Sandali Handagama/ CoinDesk)

News Analysis

Why Circle and Stripe (And Many Others) Are Launching Their Own Blockchains

Firms aim to own their settlement rails to boost efficiency, compliance and revenue from digital asset payments, analysts said.

Railways (Unsplash/Getty Images)

Finance

Circle to Offer 10 Million Class A Shares at $130 Each

The price is more than quadruple the June IPO price of $31 when the company debuted on the New York Stock Exchange.

Circle Chief Strategy Officer Dante Disparte (left) and CEO Jeremy Allaire (Nikhilesh De/CoinDesk)

Finance

Circle Dips 6% After Hours on 10M Share Secondary Offering

Coming roughly two months after the company's blazing stock market debut, insiders are accounting for 8 million of the 10 million shares being sold.

(Sandali Handagama/ CoinDesk)

Finance

Circle Unveils Layer-1 Blockchain Arc, Reports $428 Million Q2 Loss

Circle's Q2 financials showed $658 million in revenue, but a net loss of $482 million due to non-cash IPO-linked items.

Circle logo on a shop front (Nikhilesh De/CoinDesk)

Markets

ProShares Debuts 'Ultra CRCL' ETF, Letting Traders Double Down on Circle Stock

The ETF is the first to offer amplified exposure to Circle, whose stock price has skyrocketed 134% since the company’s debut in June.

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

Markets

Coinbase Reaps Growing Rewards from Circle Ties and USDC Economics: JPMorgan

In the first quarter of this year alone, Coinbase earned roughly $300 million in distribution payments from Circle, and that's just the start.

Coinbase app on a mobile phone screen.

Finance

Crypto Prediction Market Polymarket Weighs Launching Its Own Stablecoin: Source

Polymarket would create its own stablecoin to own the yield-generating USD reserves that back the amount of Circle’s dollar-pegged token, USDC, a source said.

Shayne Coplan, CEO, Polymarket, speaks at Consensus 2024. (Shutterstock/CoinDesk).

Policy

Tether CEO Says He'll Comply With GENIUS to Come to U.S., Circle Says It's Set Now

Paolo Ardoino, Tether's chief, said his firm will come to the U.S., is chasing high-level auditing and will adjust reserves, but Jeremy Allaire said Circle is already compliant.

Tether CEO Paolo Ardoino at White House

Markets

Coinbase, Robinhood Hit Record Highs as U.S. House Passes Landmark Crypto Legislation

Crypto-linked stocks climbed higher on Thursday bolstered by investor optimism on stablecoin and crypto market structure bills advancing.

Coinbase (appshunter.io/Unsplash)