Circle

Dollar-Backed Stablecoins Are Holding Their Own Amid Coronavirus Chaos

As the global equities markets continue along their uncertain path, most major stablecoins are holding up to the “stable” part of name amid the worst global pandemic since 1918. Cryptocurrencies have fallen to historic lows with most major assets trending at the same prices seen nearly a year ago, erasing most of the bullish gains …

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MakerDAO Considering USDC Collateral Support For Enhanced Liquidity

MakerDAO, leading player in the decentralized finance sector, is facing liquidity risk in an uncertain market. The MakerDAO community is considering adding support for USDC, the cryptocurrency associated with Circle, as an alternative collateral to help bear this risk, according to a community thread on March 16.  MakerDAO’s Foundation Dev Team had a call on …

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Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale

Circle’s full-tilt pivot into stablecoins is nearly complete.  The payments startup intends to sell SeedInvest, the crowdfunding platform it bought a year ago, and focus its remaining assets on developing stablecoin products, said Jeremy Allaire, one of Circle’s co-founders and its remaining CEO (fellow co-founder and one-time co-CEO Sean Neville stepped down last year). As …

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Circle Continues Sell-offs as Voyager Digital Acquires Investment App

Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business. Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager. Circle Invest customers to be moved …

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Circle Founder: Digital Currencies at Key Growth Moment as Governments Take Notice

Throughout the seven volatile years during which Circle founder Jeremy Allaire has been developing crypto products, he has consistently warned there’s much work to do before the technology is ready for mass usage. Now, with governments starting to explore digital currencies, new stablecoin models emerging and big tech platforms like Facebook getting involved, he finally …

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Ethereum’s Value Transfer Is Now Dominated by Stablecoins

</header> <strong>The Ethereum (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a>) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a> chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now …

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The Prospect of Building a New International Monetary System Is Getting Real

This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos. Jeremy Allaire is co-founder, chairman …

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Coinbase-Backed Crypto Ratings Council Adds eToro, OKCoin

The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and Radar, the startup behind decentralized exchange Radar Relay. Coinbase announced the news in a press …

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Joint Coinbase-Circle Stablecoin Project USDC Listed on Competitor Kraken

Crypto exchange Kraken has added stablecoin USD Coin (USDC) to its list of trading pairs.  Touted as “the world’s fastest-growing stablecoin,” USDC saw listing today on crypto exchange Kraken, per a press release provided to Cointelegraph on Jan. 8.   USDC developed by Circle and Coinbase Payment company Circle, alongside crypto exchange powerhouse Coinbase, founded an …

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Key Players in Crypto and Blockchain Share Their New Year’s Wish for 2020

The digital currency space has seen rapid growth and expansion in 2019, with heightened interest from governments and global corporations. Cryptos recovered from the 2018 bear market, when with Bitcoin (BTC) crashed to as low as $3,800, leaving numerous experts to paint a gloomy picture of a longstanding bear market and call the downturn in …

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