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CRYPTO STABLECOIN USDC & CIRCLE UNDER INVESTIGATION BY THE SEC
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SEC Subpoenas USDC Stablecoin Backer Circle
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Circle: USDC to Be Backed 100% by Cash, US Treasurys by September
Added 12 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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USDC Backer Circle to Go Public in SPAC Deal
Added 67 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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USDC Stablecoin Backer Circle to Go Public in $4.5B SPAC Deal
Added 24 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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Added 42 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 Backed 61% by Cash and Cash Equivalents
Added 18 Views / 0 LikesIn its latest attestation report, global payments company Circle revealed Tuesday about 61% of its stablecoin USDC is backed by “cash and cash equivalents,” meaning cash and money market funds. "The Hash" panel discusses Circle's breakdown of its asset reserves, at least partially answering swirling questions about how USDC is supported. #cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com