Quantcast
CRYPTO NEWS AROUND THE GLOBE
Bitcoin (BTC) rebounds over the weekend after a sharp fall
Coinbase benefitting from 'hostile regulatory environment': Bitwise
Blockchain Business School And Pyratzlabs Team Up To Finance Your Web3 Training
This Week's Top Crypto News: Bitcoin, Binance, Ethereum, Solana, Ripple
Crypto companies raise $2.5bn in first quarter — a ‘lacklustre’ 29% increase
Ethereum: The rush of crypto investors continues despite the price drop
Angry investors say ZKasino stole $30m in crypto as Dutch police make arrest linked to scam
Coinbase Profit Jumps As Crypto Rally
Jack Dorsey and Block under legal investigation, but buy more Bitcoin
EigenLayer will distribute 100 more EIGEN tokens to each address eligible for its airdrop
Paragraph Raises $5 Million, Acquires Web3 Blogging Platform Mirror
Baroness' Letter Sparks Debate on UK's AI Market Competition
Web3 wine marketplace Baxus raises $5m from Multicoin Capital, Solana Ventures
Uniswap users can now use Robinhood Connect to buy cryptocurrencies
Bitcoin (BTC) Falls Below $58k as ETF Investors Retreat
Pike Finance Exploit Leads to $1.6M in Stolen Cryptocurrency
Two giants will allow you to bequeath your cryptos
Bitcoin: Coinbase Integrates The Lightning Network For Btc Transfers
New AI Meme Coin ICO WienerAI Adds Trading Bot AI Companion Feature, Laps Up $700,000
What will push Solana back to its $260 all-time high? Three analysts weigh in
A closer look at the tough month for spot bitcoin ETFs
ETFs on pause but investors are starting to buy back, what consequences?
Crypto investment outflows reach 3-week streak with $435m
The stock market soars: Europe reacts ahead of the FED meeting!
Renzo is coming to Binance Launchpool: how to participate to earn REZ tokens?
Bitcoin halving was 'not priced in' despite recent correction, analyst says
Bitcoin Price Prediction: Surges to $64,500, Rare 'Epic Sat' Sells for $2.1M
Crypto: A $500 million liquidation threat on Ethereum
Cryptocurrency is making a comeback on Stripe
The European Union Strengthens Controls On Cryptos: True Or False?
All Crypto News Around The Globe

Circle: 'Stablecoins like $USDC and blockchain powered platforms are delivering new financial applications and innovations'

Web3/Crypto
Webp untitled design 18
Jeremy Allaire | https://www.circle.com/en/about-circle

Circle, a digital asset and internet banking institution, said that platforms powered by blockchain and stablecoins such as $USDC are producing new financial platforms and innovation. Circle shared their statement in a September 6 post on X.

"Developers are using stablecoins like $USDC and blockchain powered platforms to deliver new financial applications and innovations," said . "Hear @jerallaire touch on the utility of digital dollars and more in a recent discussion on the @PompPodcast ."

CEO, co-founder, and Chairman of Circle, Jeremy Allaire, said that he wants "to grow [Circle's] stablecoin network to be the largest and most actively used in the world, and right now there are more on-chain transactions done with USDC than any other stablecoin," according to a post on X. Developers are trending toward blockchain-powered platforms and stablecoins to find innovation and new financial applications.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

According to Circle's website, USDC is a regulated digital currency "backed by U.S dollar and redeemable 1:1." It was created to be an easy way to offer digital payment and works across multiple platforms and applications worldwide. It uses a blockchain infrastructure that's "faster, less expensive, and more customizable than legacy rails." It allows businesses to offer "payment connectivity and dollar-backed financial services to more people in more places."

According to their website, Circle is a crypto payment platform that created its own digital currency called USDC which is backed by the US dollar. Working closely with regulators ensures that their digital dollar "guides and surpasses the standard for stablecoin." Circle’s mission is to "raise global economic prosperity through the frictionless exchange of value."

More News

UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval

The UK cryptocurrency market continues to pose challenges for exchanges as they adapt to stricter regulatory requirements. Cryptocurrency exchange Bitget recently relaunched its UK platform after halting services in May 2024 to comply with the UK Financial Conduct Authority’s (FCA) Financial Promotions regime. This relaunch reflects Bitget’s efforts to align with the FCA’s evolving standards, aimed at enhancing consumer protection in the digital asset space.

Nov 24, 2024

Italy backtracks on crypto tax hike amid investor pushback

The Italian government recently announced a plan to increase the capital gains tax on bitcoin and other cryptocurrencies from 26% to 42%. This proposal, part of broader fiscal measures to support election pledges and reduce Italy’s fiscal deficit, has raised concerns among cryptocurrency investors and industry leaders.

Nov 24, 2024

European banking authority issues new guidelines for crypto providers to comply with restrictive measures

On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

Nov 22, 2024

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

Nov 22, 2024

OpenAI chooses Paris as its new home base

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

Nov 20, 2024

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

Nov 20, 2024

Crypto Comments
Loading...

No comments available.

Trending
1

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

2

UK’s digital assets bill brings much-needed clarity to digital asset regulation

3

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

4

OpenAI chooses Paris as its new home base

5

European banking authority issues new guidelines for crypto providers to comply with restrictive measures