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Binance to cease support for 3 top stablecoins from Sep 29

Leading crypto exchange Binance has announced to discontinue support for three stablecoins - USDC, …

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1 min read

Stablecoin issuer Circle nets $400 million in funding from backers including investment giants Fidelity and BlackRock

Wall Street giants BlackRock and Fidelity are backing Circle, issuer of the USDC stablecoin, in a $…

Phil Rosen   


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Circle tells congress its coin is '100%' backed by cash and short-term US debt as lawmakers scrutinize stablecoins

Circle CEO Jeremy Allaire and other crypto executives testified at a House Financial Services Commi…

Carla Mozée   


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Coinbase owns up to mistake over USDC promise, says the stablecoin will be backed by cash and US Treasurys from September

Coinbase said it didn't update its claim USDC is "backed by a dollar in a bank account" fast enough…

Camomile Shumba   


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Cryptocurrency firm Circle to go public via SPAC deal that will value the company at $4.5 billion

The company behind the dollar-pegged stablecoin USDC is going public in a deal that could value the…

Emily Graffeo   


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MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…

Zahra Tayeb   


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De-dollarization is underway and Congress must pass stablecoin bill to boost greenback's competitiveness, Circle CEO says

"There are de-dollarization efforts that are underway in many parts of the world," Circle's Jeremy …

Filip De Mott   


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1 min read

Stablecoin USDC rises back toward $1 as $3.3 billion in Silicon Valley Bank to be made available following fears uninsured deposits could be lost

It's been a tumultuous week for the world's second-largest stablecoin after one of crypto's key ban…

Morgan Chittum   


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Stablecoin issuer Circle terminates $9 billion SPAC deal as crypto winter rages on

"We are strong, growing, profitable and in the best financial position we've ever been in," Circle'…

Morgan Chittum   


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Stablecoins should comply with the same rules as traditional payment mechanisms, regulators say

Stablecoins should be held to the same principles that govern traditional markets, a report by glob…

Camomile Shumba   


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The SEC reportedly derailed stablecoin issuer Circle's plans to go public in a $9 billion SPAC deal

Despite the terminated deal, Circle said that it's "necessary, appropriate and reasonable for the S…

Morgan Chittum   


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The Senate Banking Committee wants answers from stablecoin issuers on how their business works

Complex terms and conditions can make it difficult for investors to understand stablecoin risks, sa…

Carla Mozée   


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1 min read

More job cuts in the crypto world: US' Circle is latest to lay off staff, trim non-core investments

US-based cryptocurrency company Circle which manages stablecoin USDC (USD Coin), has announced that…

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3 mins read

Luna and Terra's stablecoin UST are both crashing: Here's a guide to tether, USD Coin, terra and other reserve-backed cryptocurrencies

Terra's algorithmic stablecoin UST appears to have entered a death spiral. Here's a guide to the la…

Business Insider   


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Circle CEO says Terra's implosion has given lawmakers the impetus to speed up crypto regulation

Circle CEO Jeremy Allaire said the collapse of Terra has accelerated the need for the federal gover…

Zahra Tayeb   


George Glover   


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Goldman Sachs-backed crypto payments group Circle aims to become a full-reserve national digital bank

Digital payments company Circle plans to become a full-reserve national commercial bank, according …

Camomile Shumba   


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6 mins read

The crypto world is going wild for 'stablecoins' - here's everything you need to know about them

Hileman said: "Certainly, last year we saw Tether really demonstrate that there was a real demand f…

Oscar Williams-Grut   


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Over $70 bn wiped off global crypto market, Bitcoin drops below $20,000

The collapse of three banks in the US, including the giant Silicon Valley Bank (SVB), within a week…

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Bitcoin rises and crypto market tops $1 trillion again after US regulators bail out SVB customers

Bitcoin's price jumped in a broad-based rally for cryptocurrencies Monday, after US regulators step…

Zahra Tayeb