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Banking Crisis Contagion Spreads to Crypto
Banking Crisis Contagion Spreads to Crypto
March 16, 2023  |  Cryptocurrency

Crypto has gone off the rails – quite literally.  Just not in the way industry observers and critics may have first thought or expected. Rather,...

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Circle Investors Redeem $3 Billion in USDC
Circle Investors Redeem $3 Billion in USDC
March 16, 2023  |  Cryptocurrency

Cryptocurrency investors have withdrawn a net $3 billion in Circle’s USDC coin this week. Circle said on its blog Wednesday (March 15) evening that it...

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Circle’s Troubles Could Stoke Demand for Regulation of Stablecoins
Circle’s Troubles Could Stoke Demand for Regulation of Stablecoins
March 13, 2023  |  Cryptocurrency

There could be greater demand for regulation of stablecoins after USDC briefly lost its dollar peg. Regulators had already been looking at stablecoins, and the...

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Report: Traders Making $70 Million Gamble on USDC’s Future
Report: Traders Making $70 Million Gamble on USDC’s Future
March 13, 2023  |  Cryptocurrency

The stablecoin USDC may have regained its dollar peg, but traders may not be in the clear. USDC traders could risk multi-million dollar liquidations if...

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USDC Stablecoin Value Recovers After Dipping as Low as 86 Cents
USDC Stablecoin Value Recovers After Dipping as Low as 86 Cents
March 13, 2023  |  Cryptocurrency

The USDC stablecoin has regained its dollar peg after regulators said Silicon Valley Bank depositors would be made whole. USDC had dipped to as low...

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Circle Promises to Cover $3.3 Billion Held at Silicon Valley Bank
Circle Promises to Cover $3.3 Billion Held at Silicon Valley Bank
March 12, 2023  |  Cryptocurrency

Circle says it is confident it will recover $3.3 billion in reserves held at Silicon Valley Bank. The announcement Saturday (March 11) led Circle’s USDC...

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Four Crypto-Related Firms Cut Ties With Silvergate Capital
Four Crypto-Related Firms Cut Ties With Silvergate Capital
March 02, 2023  |  Cryptocurrency

Four crypto-related firms said Thursday (March 2) that they are cutting ties with Silvergate Capital. The announcements made by Coinbase, Circle, Gemini and Paxos come a...

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Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
February 24, 2023  |  Cryptocurrency

Citizens Trust Bank will hold $65 million in USD Coin (USDC) cash reserves as part of a partnership to foster digital financial inclusion. Circle Internet...

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Payments Leaders Say Crypto is Ripe for Integration, Rebuilding
Payments Leaders Say Crypto is Ripe for Integration, Rebuilding
January 27, 2023  |  Cryptocurrency

It’s times like these, bear markets, when industries transform themselves around new realities. This is as top payment industry leaders surveyed by PYMNTS say that they see the...

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