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Circle Launches USDC on World Chain Network
Circle, the company behind the second most popular stablecoin USDC, has launched the asset on Sam Altman’s World project network. Project representatives stated that around two million users of the World App wallet already possessed the “bridged” version of USDC, which has now been upgraded to a native version. The company has also deployed the […]Circle Shares Surge 168% on Debut Day
On June 5, Circle’s shares were listed on the NYSE under the ticker CRCL. On the first day of trading, the stock price soared by 168%, from $31 to $82. Data: Yahoo.Finance. In pre-market trading, CRLC added another 11.6% from the closing price, reaching $92.5 at the time of writing. The trading volume amounted to […]Circle Freezes $58 Million in Stablecoins Linked to LIBRA
Circle has frozen $57.6 million in USDC. The funds were held in two wallets associated with the meme coin LIBRA, according to analysts at Arkham. ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLE Two Libra accounts have just been frozen by Circle, including the Libra deployer wallet. These accounts contained a combined $57M […]Circle Updates IPO Filing with Valuation of $5.4 Billion
Circle, the issuer of the USDC stablecoin, has updated its documents for an initial public offering (IPO) on the NYSE. The goal is to raise approximately $600 million with a company valuation of $5.4 billion. According to the filing with the SEC, Circle plans to sell 9.6 million Class A common shares at a price […]Ripple’s Bid for Circle Deemed Insufficient, Say Sources
American cryptocurrency firm Ripple attempted to acquire Circle, the issuer of the USDC stablecoin, for $4–5 billion, according to Bloomberg, citing sources. The deal reportedly fell through due to the insufficient offer. Ripple remains interested in the acquisition but has yet to formulate plans or make new proposals. Circle declined to “comment on market rumors.” […]Circle to Challenge Visa and Mastercard with New Payment Product
On April 22, Circle, the issuer of USDC, will launch a new product for payments and cross-border transfers as an alternative to Visa and Mastercard. This is reported by CoinDesk, citing the company’s presentation. The solution is intended for banks, fintech firms, payment service providers, money transfer providers, and strategic partners of the stablecoin issuer. […]We use cookies to improve the quality of our service.
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