Circle’s USD Coin Redemption Outpacing Purchases Despite Recovery
Stablecoin issuer Circle is experiencing a significant redemption of its USD Coin (USDC). Customers redeemed $738.6 million on March 20, while the firm issued less...
Tag : Circle
USDC Issuer Circle to Raise $400 million
Circle Internet Financial announced on Tuesday that it had entered into a $400 million funding agreement with a number of asset managers, including BlackRock Inc.,...
Report: Circle’s OTC Crypto Trading carries out $24 Billion Worth of Trades
Crypto heavyweight, Circle stated in a blog post that their OTC (Over-the-counter) business has carried out over $24 Billion worth of trades. Interestingly, this is...
Coinbase and Circle Launch USDC Stablecoin Tied to USD
US crypto exchange Coinbase like other crypto exchange platforms now offers and trades stablecoins. Dollar-pegged USDC developed by Goldman-funded startup Circle is now available for...