Circle

Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses

The Many Facts Pointing to John Nash Being Satoshi Nakamoto Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John Forbes Nash Jr. was Satoshi Nakamoto. There’s a bunch of circumstantial evidence that has invoked some research into the possibility … read more. Southeast Asia’s …

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OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/398571″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/lottery_exclusive_1456x360_copy1-7.jpg” alt width=”1456″ height=”360″></a></div><strong>The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech …

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US Banks Can Now Hold Reserves for Stablecoin Issuers, Says Federal Banking Regulator

The U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to the OCC’s interpretive letter, reserve accounts can either be funded through deposits from stablecoin issuers or deposits from individual stablecoin …

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Circle Confirms Freezing $100K in USDC at Law Enforcement’s Request

The CENTRE Consortium blacklisted a USDC address in response to a law enforcement request, freezing $100,000 worth of the stablecoin, a spokesperson said Wednesday. CENTRE, which issues the dollar-pegged USDC on top of the Ethereum blockchain, confirmed the move, though Circle spokesperson Josh Hawkins, speaking on behalf of the joint Circle-Coinbase operation, said he could …

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Former US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around Stablecoins

Former U.S. Treasury Secretary Lawrence Summers praised stablecoins, but said he would be surprised if a global digital currency became a reality in his lifetime. During a special episode of Circle co-founder and CEO Jeremy Allaire’s podcast, “The Money Movement” last week, Summers said he foresees more innovation in the blockchain space but a global …

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Circle, Coinbase Bring USDC Stablecoin to Algorand’s Blockchain

The CENTRE consortium, led by Coinbase and Circle, announced on Thursday that its U.S. dollar-backed stablecoin, USD Coin (USDC), would be launched on the Algorand blockchain as part of a new collaboration with the Algorand Foundation.   Circle said it would also support digital dollar stablecoins that are interoperable with USDC on Algorand’s blockchain, according to …

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