Circle priced its IPO at $31 per share, above its marketed range of $27 to $28, raising nearly $1.1B and valuing the company at ~$6.9B, or ~$8.1B fully diluted
The firm and backers including co-founder and Chief Executive Officer Jeremy Allaire sold 34 million shares Wednesday for $31 each …
The US SEC says that “covered” US dollar stablecoins like USDT and USDC are not securities, and those minting or redeeming them do not need to register with it
Washington D.C. — Introduction — As part of an effort … Nidhi Kolhapur / Coinpedia Fintech News : What Are SEC's New “Covered Stablecoins”? Tether's USDT May Not Qualify! Ronak Kumar / The Crypto ...
Stripe reintegrates crypto payments in the US, letting users pay merchants in USDC or USDP on Ethereum, Solana, and Polygon, after disabling the feature in 2018
Accept stablecoin payments that settle as fiat in your Stripe balance. Siamak Masnavi / CryptoGlobe : Stripe Now Allows Business to Easily Accept USDC Payments on Ethereum, Solana, and Polygon Coinped...
Jeremy Allaire, the CEO of USDC issuer Circle, says the company is moving its global HQ to One World Trade Center in New York City, ahead of a planned IPO
2025 could bring stablecoins into the mainstream, after 2024 introduced a “turning point year in crypto,” according to Circle's Allaire.
A profile of Circle, after secondary market shares of the USDC developer traded at a ~$4.8B valuation in August 2023; Circle was valued at ~$8B in April 2022
lots of first-time details on one of the most important firms in crypto https://fortune.com/... @bitfinexed : Circle @jerallaire is losing to a fraud, he's too chicken shit to call Tether the fraud th...
Friend.tech, which lets people use crypto to buy “shares” of X accounts, hits 100K users, per a database of wallet addresses that has raised privacy concerns
but it feels like I'm selling my body. And I like it. [image] Jeremy Allaire / @jerallaire : Funny, I was saying the exact same thing to a group of users on https://friend.tech/. That seems like a pre...
Coinbase takes a “small” equity stake in Circle for the first time, as the companies close the Centre Consortium, which previously governed the USDC stablecoin
Rivals Unite to Keep Crypto Going in US? Charles Thuo / CoinJournal : Coinbase buys a stake in USDC stablecoin issuer Circle Mark Brennan / The Crypto Basic : SEC Costs Ripple and XRP 3 Years of Adopt...
CFTC fines blockchain protocol bZeroX and its team $250K for illegal off-exchange digital asset trading and files a civil action against its successor, Ooki DAO
This is a very broad theory of liability ("joint and several") and confirms what crypto lawyers have suspected — https://www.cftc.gov/... Let's untangle things: 🪡 https://twitter.com/... Ryan Selkis /...
After UST's collapse, most rival algorithmic stablecoins are below their dollar peg; the biggest non-algorithmic stablecoins USDT and USDC are mostly holding
there is no path forward at this point. I would call it — Game Over. I believe as large as these two projects were — there will be a huge investigation and legal actions will be taken similar to the “...
US Treasury Secretary Janet Yellen gives her first speech on digital assets, saying a CBDC “would require years of development, not months”, and more
except for stablecoins Jesse Hamilton / CoinDesk : Crypto Rules Should Match Traditional Financial System, Yellen to Say Thursday Casey Wagner / Blockworks : Yellen Warns of Crypto Risk in First Digit...