“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
“Transaction and treasury services,” with clients including Dapper Labs, Compound Labs and FTX, is the soon-to-be-public company’s top revenue source.
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC.
The USDC issuer said in an SEC filing that customer funds were not impacted by the incident.
The soon-to-be public company is still dealing with Poloniex’s legal woes despite cutting ties in 2019, with securities and sanctions fines to be paid.
Circle will go public by way of Bob Diamond's Concord Acquisition Corp.
Stablecoin projects increasingly compete on transparency. Circle's two-month-old data on "approved investments" leaves something to be desired.
The growth could be the result of traders looking for faster and cheaper transactions compared with Ethereum.
Users will be able to wire transfer their funds to Circle and receive USDC at a 1:1 conversion rate.
Miami was chosen because of its blockchain and crypto-friendly outlook.
Calls to "catch" China on digital currency downplay the promise of open financial technology, says Circle's head of global policy.
The twin crypto trading hubs plugged into Circle’s payments and banking API Friday.
Fintech startup Tala aims to use the USDC stablecoin to offer new financial tools.