USDC’s woes are the result of the US crackdown: Circle CEO
Amidst a regulatory onslaught and financial crisis, USDC's market cap has almost been cut in half during the past six months.
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Circle CSO’s Twitter Account Hacked by Scammers in Startling Breach
Hackers could gain access to a Circle CSO's Twitter account and spread fake information about a USDC airdrop offered by the stablecoin issuer.
Silicon Valley Bank implosion: Ripple discloses exposure, Circle adds new banking partner
According to Chief Executive Officer Brad Garlinghouse of Ripple Labs , some of its funds are held by Silicon Valley Bank
Paxos, Coinbase reveal exposure to collapsed Signature Bank
Coinbase disclosed it had around $240 million in corporate funds at the bank that it expected would be fully recovered.
Binance, Coinbase halts USDC Conversion as Circle reels from SVB exposure
Concerns that Circle, the entity that created the USDC stablecoin, might have kept some of USDC's cash reserves at Silicon Valley Bank, which California's financial watchdog shut down on Friday, prompted the steps.
Circle, Avalanche, Yuga Labs confirm Silicon Valley Bank exposure; Circle most affected
The U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation shuttered Silicon Valley Bank (SVB) after it went through financial difficulties.
Circle withdraws its USDC reserve from struggling Silvergate
Circle has transferred a portion of its leftover USDC reserve deposits from Silvergate to other partner banks.
SEC not the right body to oversee stablecoins, says Circle CEO
Circle CEO states dollar-pegged “payment stablecoins” should be under the oversight of a banking regulator rather than the SEC
Circle reportedly alerted NYDFS about Binance USD’s insufficient reserves
Circle provided information on Binance reserves to the New York Department of Financial Services.
Stablecoin Issuer Circle Terminates Proposed $9 Billion SPAC Merger With Concord
The deal made in 2021 previously valued Circle at $4.5 billion and was later amended in February 2022 to $9 Billion.
