Circle Moves Out Its Leftover USDC Reserve from Troubled Silvergate Circle withdraws its USDC reserve deposits from Silvergate Bank to its other banks.Circle said the decision was due to the ongoing uncertainty at the bank.USDC ranks fifth among the major cryptocurrencies with the largest market cap. Circle, the USDC stablecoin issuer regulated in the United
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Circle CEO Allaire Challenges SEC’s Stablecoin Crackdown Circle CEO Jeremy Allaire has said Stablecoins should not be regulated by the SEC and are globally accepted as a payment system. The SEC has already cracked down on Paxos and its issuance of Binance’s stablecoin. The Securities Act of 1933 gives the SEC large scope for its
Circle to Increase Staff by up to 25% Amidst Crypto Layoffs Circle, the issuer of the USDC Coin (USDC) stablecoin, has announced plans to focus on the company’s expansion and will increase staff size following the cancellation of its SPAC merger with Concord Acquisition Corp. Circle Turns to Growth and Expansion Circle, one of the
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