Circle has unveiled a new addition to its product lineup – "Programmable Crypto Wallets." This new offering is designed specifically for developers; it offers them the tools to seamlessly integrate Web3 wallets into their applications. According to Circle, developers can use these Programmable Wallets to fast-track mainnet launches and provide ...
Payment services company Circle is considering launching a stablecoin in Japan following the implementation of new legislation governing stablecoins in the country on June 1, 2023. The co-founder and CEO of Circle, Jeremy Allaire, sees Japan as a potentially significant market for stablecoins if they are widely adopted for international ...
Jeremy Allaire, the CEO of Circle Internet Financial Ltd, has expressed the company's keen interest in Hong Kong's ambitions to establish itself as a leading hub for stablecoins and digital asset markets. During an interview with Bloomberg Television at the World Economic Forum in Tianjin, China, Allaire highlighted that Asia ...
Circle has announced that it is launching Euro Coin on the Avalanche blockchain. This move is part of Circle's planned series of launches of the euros-baked stablecoin on various blockchain networks. The introduction of Euro Coin on the Avalanche platform aims to optimize payment and financial service operations, enhancing speed ...
On April 25, 2023, the New York Federal Reserve published a revised edition of the guidelines for its reverse repurchase agreements (RRP) program that could potentially limit stablecoin issuer Circle's ability to participate in the program. The changes could impact counterparties looking to use the Fed's money market balancer, and ...
Circle CEO Jeremy Allaire, has stated that the value of stablecoin USD Coin (USDC) has been declining due to the crackdown by US regulators on cryptocurrencies. Allaire made this comment during an interview with Bloomberg TV. During the interview, Allaire stated that there is "a huge amount of concern globally ...
A recent report revealed that Signature Bank, a crypto-friendly financial institution based in New York, was investigated for possible money laundering activities prior to its seizure by regulators. The bank was closed down on March 12, 2023, by US authorities shortly after the collapse of Silicon Valley Bank. The report ...
The Federal Reserve has begun an investigation into the causes of Silicon Valley Bank's (SVB) collapse. The agency will evaluate the oversight and regulatory methods utilized by the collapsed financial institution. The Federal Reserve appointed Vice Chair for Supervision Michael Barr to lead the investigation into the supervision and regulation ...
Questions are being asked about USDC stablecoin issuer, Circle's exposure to failed U.S. banks, Silvergate Bank and Silicon Valley Bank. This is because Circle published a USDC Reserve Report last week accompanied by an Attestation by the global Audit firm, Deloitte. That Report confirmed that Circle held cash with several ...
