SEC Subpoenas USDC Stablecoin Backer Circle
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USDC Stablecoin Backer Circle to Go Public in $4.5B SPAC Deal
Added 25 Views / 0 LikesJeremy 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. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/
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USDC Backer Circle to Go Public in SPAC Deal
Added 68 Views / 0 LikesAmid 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. De also shares insights into China's concerns about stablecoins posing a risk to its financial system. #cryptocurrency #digitalfinance
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Private Israeli Spyware Hacked Journalists' Phones. Circle Reveals Assets Backing USDC Stablecoin
Added 43 Views / 0 Likes"The Hash" panel discuss today's hot topics: role of the private Israeli spyware "Pegasus" in Washington Post's columnist Khashoggi's murder. Three U.S. senators are urging Team USA not to use China's digital yuan during the upcoming 2022 Beijing Winter Olympics. Circle reveals USDC stablecoin's underlying assets. NFT platform OpenSea now officially a crypto unicorn with $1.5b valuation after $100m funding round. And, it's wine o'clock on the blockcha
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Circle: USDC to Be Backed 100% by Cash, US Treasurys by September
Added 13 Views / 0 LikesBy September, Circle announced its stablecoin USDC would be 100% backed by cash and short-term U.S. government Treasurys. This following the USDC developer revealing in July only 61% of tokens were backed by cash and money-market funds, amid plans to go public via a SPAC deal that would value the firm at $4.5 billion. "The Hash" team discusses the latest development in the world of stablecoins in the thick of mounting regulatory pressure. #cryptocurre
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Added 156 Views / 0 LikesDecentralized Finance — or DeFi — has experienced immense growth, with total value locked in smart contracts passing $250 billion in November 2021. This parallels the growth of USDC, which recently passed $40 billion in circulation, based largely on growing demand from DeFi market participants. Join this exclusive webinar to hear how the industry is poised to drive DeFi’s next wave by reaching new participants, including customers who lack access to t
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USDC Builder Circle Wants to Become a 'Full-Reserve National Commercial Bank'
Added 41 Views / 0 Likes"The Hash" hosts discuss the industry implications for Jeremy Allaire's Circle, a neo-bank and stablecoin USDC issuer, intending to become “a full-reserve national commercial bank.” "This is an ambitious plan, but the idea of having an FDIC-insured digital asset bank would be very notable for the sector," host Zack Seward said. "[It] speaks to Circle's grand ambitions as it plans to go public and bring USDC to the mainstream." #cryptocurrency #digital
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Circle Exec on the Firm's $9B Valuation, New Deal With SPAC and US Stablecoin Regulation
Added 25 Views / 0 LikesAmid growing concerns from global investors and lawmakers over stablecoins' risks to the stability of the global financial system, Dante Disparte, Chief Strategy Officer at Circle, and former vice chair of the Meta-initiated Diem Association, discusses the USDC issuer's plans to go public in a deal at a $9 billion valuation, twice the level it originally agreed to in July. "The point of going public is to heighten the type of public trust ... public t
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Added 20 Views / 0 LikesThe President's Working Group on Financial Markets (PWG) released a report and recommendations on stablecoins, urging lawmakers to subject stablecoin issuers to the same strict federal oversight as banks. Jeremy Allaire, CEO of stablecoin USDC issuer Circle, discusses the report's potential impact on his firm, USDC, and stablecoin regulation. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtub
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