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Stablecoin issuer Circle announced a partnership with SBI Holdings to expand cryptocurrency innovation in Japan through USDC, banking, and Web3 services. #Stablecoins #Circle #web3
Stablecoin issuer Circle announced a partnership with SBI Holdings to expand cryptocurrency innovation in Japan through USDC, banking, and Web3 services.

#Stablecoins #Circle #web3
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🥳 Solana's stablecoin supply has surged 55% in just 3 months, surpassing $3 billion! 🔍 Circle's $USDC holds a 73% market share. Stablecoin transfer volume on #Solana⁩ has also skyrocketed 64% to $1.4 trillion. #Stablecoins #Circle #TrendingTopic
🥳 Solana's stablecoin supply has surged 55% in just 3 months, surpassing $3 billion!

🔍 Circle's $USDC holds a 73% market share.
Stablecoin transfer volume on #Solana⁩ has also skyrocketed 64% to $1.4 trillion.

#Stablecoins #Circle #TrendingTopic
#Circle's teams up with #Nubank to bring $USDC stablecoin access to #Brazil. The partnership between #Circle and Nubank is focused on incorporating Circle's $USDC stablecoin into the Nubank platform. Nubank's integration of #USDC is geared towards providing its customers with an extra channel for engaging in digital transactions, facilitating cross-border payments, and tapping into the advantages offered by blockchain technology. 👉 circle.com/en/pressroom/circle-and-nubank-partner-to-increase-digital-dollar-access-in-brazil
#Circle's teams up with #Nubank to bring $USDC stablecoin access to #Brazil.

The partnership between #Circle and Nubank is focused on incorporating Circle's $USDC stablecoin into the Nubank platform. Nubank's integration of #USDC is geared towards providing its customers with an extra channel for engaging in digital transactions, facilitating cross-border payments, and tapping into the advantages offered by blockchain technology.

👉 circle.com/en/pressroom/circle-and-nubank-partner-to-increase-digital-dollar-access-in-brazil
This week proved a good one for not just the crypto sector but for the blockchain and Web3 as well as with lots of new partnerships. #BTC #ADA #NEAR #Circle #Web3 https://blockchainreporter.net/blockchainreporter-weekly-crypto-news-roundup-2/
This week proved a good one for not just the crypto sector but for the blockchain and Web3 as well as with lots of new partnerships.

#BTC #ADA #NEAR #Circle #Web3

https://blockchainreporter.net/blockchainreporter-weekly-crypto-news-roundup-2/
Circle's Web3 Services is expanding to support Solana, allowing developers to build on-chain apps with secure, intuitive, and enterprise-grade wallets. The Programmable Wallets feature offers APIs and SDKs to simplify wallet development, abstracting away technical complexities and supporting multiple chains, including Ethereum, Polygon PoS, Avalanche, and now Solana. #Circle #SolanaStrong $SOL #Solana #CircleUSDC #TopCoinsJune2024
Circle's Web3 Services is expanding to support Solana, allowing developers to build on-chain apps with secure, intuitive, and enterprise-grade wallets.

The Programmable Wallets feature offers APIs and SDKs to simplify wallet development, abstracting away technical complexities and supporting multiple chains, including Ethereum, Polygon PoS, Avalanche, and now Solana.

#Circle #SolanaStrong $SOL #Solana #CircleUSDC #TopCoinsJune2024
#Circle has announced that all depositors with #SiliconValley Bank and Signature Bank will be made whole The $3.3B #USDC reserve deposit held at Silicon Valley Bank, about 8% of the USDC total reserve, will be fully available when U.S. banks open on 13th of March.
#Circle has announced that all depositors with #SiliconValley Bank and Signature Bank will be made whole

The $3.3B #USDC reserve deposit held at Silicon Valley Bank, about 8% of the USDC total reserve, will be fully available when U.S. banks open on 13th of March.
#USDT dominance of Tether (in green) among stackablecoins has risen to 58 percent of their total capitalization. Such levels have not been seen since mid-2021. Apparently, #Circle recent #USDC stability problems, which led investors to exit this token, are having an impact.
#USDT dominance of Tether (in green) among stackablecoins has risen to 58 percent of their total capitalization. Such levels have not been seen since mid-2021.

Apparently, #Circle recent #USDC stability problems, which led investors to exit this token, are having an impact.
#Circle says that, as of close to U.S. banking operations Wed. March 15, they have cleared substantially all of the backlog of minting and redemption requests for #USDC . #BTC #BNB #SVB amasaiofficial
#Circle says that, as of close to U.S. banking operations Wed. March 15, they have cleared substantially all of the backlog of minting and redemption requests for #USDC .
#BTC #BNB #SVB
amasaiofficial
Circle intends to become a registered institution dealing with money as well as a licensed entity offering services related to digital assets. #Circle #USDC #EUROC #Stablecoins https://blockchainreporter.net/circle-files-application-for-regulatory-authorization-in-france/
Circle intends to become a registered institution dealing with money as well as a licensed entity offering services related to digital assets.

#Circle #USDC #EUROC #Stablecoins

https://blockchainreporter.net/circle-files-application-for-regulatory-authorization-in-france/
Circle's Phishing Campaign Makes False USDC DeFi Swap ClaimsThe scheme aims to profit from the post-depeg recovery of USDC. On March 16, a phishing attempt that erroneously promised access to a fresh #USDC #DeFi trading platform appeared on social media. Emergence Of Fake USDC Trading Platform The fake trading platform can be found at http-circledefi-dot-center, while the fake blog article promoting the swap platform can be found at http-circle-dot-blog. The bogus platform, which claims to be affiliated with TRON DAO, claims to enable users to exchange Circle's USDC stablecoin for Tether's #USDT #stablecoin and has a UI that looks similar to Raydium, a legitimate DeFi platform. How much money has been transferred to the fraudulent service is unknown. The phishing site was mostly promoted on Reddit. Although it was shared on /r/USDC and about 20 other subreddits, it did not make it to /r/cryptocurrency. It's interesting to note that the fraudster first tried to get traction on /r/Buttcoin, where they garnered a lot of comments. The con artist may have believed that the subreddit's disbelief in cryptocurrencies would cause commenters to ignore the intricacies of the fraud. An official from #Circle acknowledged to CryptoSlate that the aforementioned websites are bogus but would not specify what steps will be taken. A previous tweet from the corporation has also been pinned, warning users to watch out for "scammers and fraudsters with phony accounts." The USDC Stablecoin From Circle Is Still Strong The DeFi product was not mentioned in Circle's most recent update, which was posted on March 15 and can be seen at www.circle.com/blog. The hoax appears to be an effort to profit on USDC's comeback after losing parity with the US dollar. Once Silicon Valley Bank closed, USDC depegged, and on March 11 it hit a low of $0.88 before rising to $1.00 on March 13. By announcing that it was reducing backlogs and establishing new financial relationships during that recovery, Circle attempted to improve USDC. The phony releases aimed to present the DeFi Swap as one of Circle's efforts to improve its product and made reference to those favorable achievements.

Circle's Phishing Campaign Makes False USDC DeFi Swap Claims

The scheme aims to profit from the post-depeg recovery of USDC.

On March 16, a phishing attempt that erroneously promised access to a fresh #USDC #DeFi trading platform appeared on social media.

Emergence Of Fake USDC Trading Platform

The fake trading platform can be found at http-circledefi-dot-center, while the fake blog article promoting the swap platform can be found at http-circle-dot-blog.

The bogus platform, which claims to be affiliated with TRON DAO, claims to enable users to exchange Circle's USDC stablecoin for Tether's #USDT #stablecoin and has a UI that looks similar to Raydium, a legitimate DeFi platform.

How much money has been transferred to the fraudulent service is unknown.

The phishing site was mostly promoted on Reddit. Although it was shared on /r/USDC and about 20 other subreddits, it did not make it to /r/cryptocurrency.

It's interesting to note that the fraudster first tried to get traction on /r/Buttcoin, where they garnered a lot of comments. The con artist may have believed that the subreddit's disbelief in cryptocurrencies would cause commenters to ignore the intricacies of the fraud.

An official from #Circle acknowledged to CryptoSlate that the aforementioned websites are bogus but would not specify what steps will be taken. A previous tweet from the corporation has also been pinned, warning users to watch out for "scammers and fraudsters with phony accounts."

The USDC Stablecoin From Circle Is Still Strong

The DeFi product was not mentioned in Circle's most recent update, which was posted on March 15 and can be seen at www.circle.com/blog.

The hoax appears to be an effort to profit on USDC's comeback after losing parity with the US dollar. Once Silicon Valley Bank closed, USDC depegged, and on March 11 it hit a low of $0.88 before rising to $1.00 on March 13.

By announcing that it was reducing backlogs and establishing new financial relationships during that recovery, Circle attempted to improve USDC.

The phony releases aimed to present the DeFi Swap as one of Circle's efforts to improve its product and made reference to those favorable achievements.
Circle Clears 'Almost All' Backlog for Minting And Redeeming USDCCircle, a #stablecoin issuer, revealed that it has mostly fulfilled all of the outstanding redemption requests for its stablecoin Dollar Coin (USDC). Circle said that it has redeemed $3.8 billion USDC and issued $800 million USDC between the morning of March 13 and the close of business on March 15 in an operational update. Update: As of close of U.S. banking operations Wednesday, March 15, we have cleared substantially all of the backlog of minting and redemption requests for USDC. Get the details: https://t.co/5WEAgPps0E — Circle (@circle) March 16, 2023 After reporting last week that it held stablecoin reserves worth $3.3 billion in the now-defunct #SiliconValley Bank, which caused USDC to lose its dollar peg, Circle experienced a bank run. In a blog post, Circle stated that the recent events had an effect on USDC's liquidity operations. It also stated that it has been working to restart services with alternative banking partners, notably payment and #USDC redemption services. A new banking partner was employed by #Circle on March 14 for wire transfers inside the United States, and on March 15 for transfers outside to and from 19 other countries. It stated that by March 16, further capabilities were anticipated to be online.

Circle Clears 'Almost All' Backlog for Minting And Redeeming USDC

Circle, a #stablecoin issuer, revealed that it has mostly fulfilled all of the outstanding redemption requests for its stablecoin Dollar Coin (USDC).

Circle said that it has redeemed $3.8 billion USDC and issued $800 million USDC between the morning of March 13 and the close of business on March 15 in an operational update.

Update: As of close of U.S. banking operations Wednesday, March 15, we have cleared substantially all of the backlog of minting and redemption requests for USDC. Get the details: https://t.co/5WEAgPps0E

— Circle (@circle) March 16, 2023

After reporting last week that it held stablecoin reserves worth $3.3 billion in the now-defunct #SiliconValley Bank, which caused USDC to lose its dollar peg, Circle experienced a bank run.

In a blog post, Circle stated that the recent events had an effect on USDC's liquidity operations. It also stated that it has been working to restart services with alternative banking partners, notably payment and #USDC redemption services.

A new banking partner was employed by #Circle on March 14 for wire transfers inside the United States, and on March 15 for transfers outside to and from 19 other countries.

It stated that by March 16, further capabilities were anticipated to be online.
Circle CEO Accesses $3.3B Stuck, But USDC Sees Record Burn And $4.5B Conversion Requests Circle, the stablecoin issuer, has finally gained access to its $3.3 billion funds held with the collapsed Silicon Valley Bank (SVB). This news has come as a great relief to the company, which had been struggling to retrieve its cash reserves from the failed lender. Circle CEO and co-founder, Jeremy Allaire, confirmed the news on March 13, stating that the company has been “able to access” its funds from SVB. Speaking with Bloomberg Markets on March 14, Allaire further added that he believed “very close to everything was able to clear” from the failed lender. This is good news for Circle, as it had been facing liquidity concerns since news broke that its cash reserves were stuck on SVB. The situation led to USDC, the stablecoin issued by Circle, briefly de-pegging, causing widespread panic in the crypto market. However, the stablecoin’s dollar peg has since recovered, and the market seems to have stabilized following the news of Circle’s successful retrieval of its funds. Nevertheless, the situation has led to mass redemptions of USDC, resulting in a nearly 10% drop in the stablecoin’s market cap since March 11, according to TradingView. Meanwhile, USDC’s peer stablecoin Tether (USDT) has recorded a slight increase in its market cap since March 11, climbing by over 1% to $73.03 billion. The collapse of SVB has raised concerns about the stability of the crypto market and the role of banks in supporting digital assets. As Circle’s experience demonstrates, the collapse of a banking institution can have a significant impact on the crypto market and its participants. The news of Circle’s successful retrieval of its funds from SVB may provide some reassurance to the market, but it also highlights the need for greater regulation and transparency in the crypto industry. As the industry continues to grow, it is essential that companies and institutions operating within it are held to the same standards as traditional financial institutions. Record-breaking USDC burn and $4.5 billion in conversion requests since March 10th In recent days, there has been a significant increase in requests to convert USDC back to cash, with a net value of over $4.5 billion. According to blockchain data, Circle, the second largest issuer of stablecoin in the cryptocurrency market with USDC, has recorded a massive withdrawal of funds over the past few days, following serious depegging caused by bank collapses in the United States. From the time the Silicon Valley Bank was seized and closed by the US government on Friday, March 10, to the early morning of Tuesday, March 15, on-chain data shows that more than 6.2 billion USDC was sent back to Circle by its holders with requests for conversion to cash. During the same period, the new issuance of USDC was $1.66 billion, resulting in a net withdrawal of over $4.5 billion. The market cap of USDC has dropped from $43.5 billion before the depegging to $38.2 billion at the time of writing, equivalent to $5.3 billion. It is noteworthy that a USDC burn transaction worth up to $723 million was recorded on the morning of March 15, making it the largest USDC burn transaction in history. The second-largest transaction, with a value of $656 million, was also executed on March 14. #USDC #USDCSTABLECOIN #Circle This article was republished from azcoinnews.com

Circle CEO Accesses $3.3B Stuck, But USDC Sees Record Burn And $4.5B Conversion Requests

Circle, the stablecoin issuer, has finally gained access to its $3.3 billion funds held with the collapsed Silicon Valley Bank (SVB). This news has come as a great relief to the company, which had been struggling to retrieve its cash reserves from the failed lender.

Circle CEO and co-founder, Jeremy Allaire, confirmed the news on March 13, stating that the company has been “able to access” its funds from SVB. Speaking with Bloomberg Markets on March 14, Allaire further added that he believed “very close to everything was able to clear” from the failed lender.

This is good news for Circle, as it had been facing liquidity concerns since news broke that its cash reserves were stuck on SVB. The situation led to USDC, the stablecoin issued by Circle, briefly de-pegging, causing widespread panic in the crypto market.

However, the stablecoin’s dollar peg has since recovered, and the market seems to have stabilized following the news of Circle’s successful retrieval of its funds. Nevertheless, the situation has led to mass redemptions of USDC, resulting in a nearly 10% drop in the stablecoin’s market cap since March 11, according to TradingView.

Meanwhile, USDC’s peer stablecoin Tether (USDT) has recorded a slight increase in its market cap since March 11, climbing by over 1% to $73.03 billion.

The collapse of SVB has raised concerns about the stability of the crypto market and the role of banks in supporting digital assets. As Circle’s experience demonstrates, the collapse of a banking institution can have a significant impact on the crypto market and its participants.

The news of Circle’s successful retrieval of its funds from SVB may provide some reassurance to the market, but it also highlights the need for greater regulation and transparency in the crypto industry. As the industry continues to grow, it is essential that companies and institutions operating within it are held to the same standards as traditional financial institutions.

Record-breaking USDC burn and $4.5 billion in conversion requests since March 10th

In recent days, there has been a significant increase in requests to convert USDC back to cash, with a net value of over $4.5 billion. According to blockchain data, Circle, the second largest issuer of stablecoin in the cryptocurrency market with USDC, has recorded a massive withdrawal of funds over the past few days, following serious depegging caused by bank collapses in the United States.

From the time the Silicon Valley Bank was seized and closed by the US government on Friday, March 10, to the early morning of Tuesday, March 15, on-chain data shows that more than 6.2 billion USDC was sent back to Circle by its holders with requests for conversion to cash. During the same period, the new issuance of USDC was $1.66 billion, resulting in a net withdrawal of over $4.5 billion.

The market cap of USDC has dropped from $43.5 billion before the depegging to $38.2 billion at the time of writing, equivalent to $5.3 billion. It is noteworthy that a USDC burn transaction worth up to $723 million was recorded on the morning of March 15, making it the largest USDC burn transaction in history. The second-largest transaction, with a value of $656 million, was also executed on March 14.

#USDC #USDCSTABLECOIN #Circle

This article was republished from azcoinnews.com

#Circle confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at #SVB #BNB #BTC #Binance
#Circle confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of USDC reserves remain at #SVB
#BNB #BTC #Binance
Circle Recently Burned 314,167,155,05 USDC, Or $311,419,134Recently, Circle destroyed 314,167,155.05 USDC from its circulation. In an effort to maintain the stability of the USDC stablecoin, Circle has just burned 314,167,155.05 USDC ($311,419,134) through their innovative redemptions program. By enabling holders of USDC to convert their tokens into US dollars at a 1:1 ratio through this service, the stability and consistency of the USDC value is ensured. By burning almost $311 million in USDC, Circle is proactively reducing the number of USDC tokens in circulation. The stablecoin will become more stable as a result of this action, which is essential for its widespread acceptance as a reliable medium of exchange. The Circle redemptions program is an essential tool for ensuring the long-term success of USDC. By giving USDC holders a straightforward and reliable redemption option, Circle is guaranteeing that USDC is a credible and widely acknowledged stablecoin. With this most recent round of redemptions, Circle is demonstrating its commitment to the integrity of this significant coin. #Circle generated $407.8 million USDC this morning. The most recent minting, These, brings the whole balance to $463.8 million. Due to its disclosure that it has a $3.3 billion exposure to Silicon Valley Bank, USDC was the stablecoin that suffered the most from the bank's bankruptcy last week. This amount, which is much higher than the projected $1 billion, has given the USDC flying fuel. A low of $0.93 was once reached by USDC, the lowest point in its history. Circle recently expressed its satisfaction with the US government's and financial authorities' critical actions to reduce the risks associated with specific components of the banking system. Deposits to #SVB are 100% accepted. The remaining SVB money will be sent to BNY Mellon, and the whole USDC reserve remains safe. When the banks reopen on Monday, #USDC liquidity will restart. Thanks to these encouraging signs, the bitcoin market is now once again active, and green books are overflowing. Stablecoin USDC has reclaimed its peg levels following a weekend of favorable market movements.

Circle Recently Burned 314,167,155,05 USDC, Or $311,419,134

Recently, Circle destroyed 314,167,155.05 USDC from its circulation.

In an effort to maintain the stability of the USDC stablecoin, Circle has just burned 314,167,155.05 USDC ($311,419,134) through their innovative redemptions program. By enabling holders of USDC to convert their tokens into US dollars at a 1:1 ratio through this service, the stability and consistency of the USDC value is ensured.

By burning almost $311 million in USDC, Circle is proactively reducing the number of USDC tokens in circulation. The stablecoin will become more stable as a result of this action, which is essential for its widespread acceptance as a reliable medium of exchange.

The Circle redemptions program is an essential tool for ensuring the long-term success of USDC. By giving USDC holders a straightforward and reliable redemption option, Circle is guaranteeing that USDC is a credible and widely acknowledged stablecoin. With this most recent round of redemptions, Circle is demonstrating its commitment to the integrity of this significant coin.

#Circle generated $407.8 million USDC this morning. The most recent minting, These, brings the whole balance to $463.8 million. Due to its disclosure that it has a $3.3 billion exposure to Silicon Valley Bank, USDC was the stablecoin that suffered the most from the bank's bankruptcy last week. This amount, which is much higher than the projected $1 billion, has given the USDC flying fuel. A low of $0.93 was once reached by USDC, the lowest point in its history. Circle recently expressed its satisfaction with the US government's and financial authorities' critical actions to reduce the risks associated with specific components of the banking system.

Deposits to #SVB are 100% accepted. The remaining SVB money will be sent to BNY Mellon, and the whole USDC reserve remains safe. When the banks reopen on Monday, #USDC liquidity will restart. Thanks to these encouraging signs, the bitcoin market is now once again active, and green books are overflowing. Stablecoin USDC has reclaimed its peg levels following a weekend of favorable market movements.
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