Browsing Tag
#Circle
46 posts
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
USD Coin (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following…
Breaking: Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment tech company and USD Coin (USDC) issuers Circle confirmed that wires initiated on…
Regulation and risk: Factors driving demand for a euro-backed stablecoin
The world’s second most widely held reserve currency seems to be underrepresented in the stablecoin space. Stablecoins are…
Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank
A total of five crypto companies ended their partnership with Silvergate Bank on March 2 after a series…
Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank
Several crypto firms have announced they will scale back or outright terminate their relationship with Silvergate Bank following…
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
Business intelligence firm MicroStrategy, stablecoin issuer Tether have become the latest two firms to publicly deny any meaningful…
Binance ‘not planning any layoffs,’ 500 roles to be filled in H1
Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by…
FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves
Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle…
Circle blew the whistle on Binance reserves to NYDFS: Report
The company’s complaint to the New York regulator reportedly came before NYDFS ordered Paxos to “cease minting” its…
Key takeaways from Circle’s $44.5B USDC reserve report
Circle has released its reserve report for December 2022, highlighting overcollateralized asset holdings currently backing 44.5 billion USDC…