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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. […]Circle Considers Delaying IPO Amid Market Turmoil
Amid the implementation of new trade tariffs by US President Donald Trump and the subsequent market downturn, Circle may delay its IPO. This was reported by The Wall Street Journal. According to WSJ, the firm has adopted a “wait-and-see” approach before taking further steps. Circle is among several crypto companies that have announced plans to […]Stablecoin Veteran Warns Circle of IPO Costs
Circle’s expenses in its bid to go public threaten its position as the issuer of the second-largest stablecoin by market capitalization, according to Kevin Lehtiniitty, CEO of Borderless, in an interview with The Block. The entrepreneur was involved in launching the “first fully reserve-backed” US coin, TrueUSD. His current firm provides infrastructure for financial institutions […]Circle to Launch IPO on NYSE
Circle, the issuer of the stablecoin USDC, has submitted an application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC). This move is the realization of previously announced plans to go public. Class A shares will be issued under the ticker CRCL on the NYSE. Details regarding the number of […]Circle Accelerates USDC Cross-Chain Transfers to Mere Seconds
Circle has unveiled an update to its Cross-Chain Transfer Protocol (CCTP V2), reducing the time for processing cross-network USDC transactions from 13-19 minutes to just a few seconds. CCTP V2 is an enhanced version featuring “a new set of smart contracts and API,” which accelerates asset movement between Ethereum and L2 networks. Circle’s Head of […]We use cookies to improve the quality of our service.
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