Browsing: Circle

Most cryptocurrency companies that went public over the past year have struggled to maintain their share prices, even as the broader US stock market has climbed.

Binance invests USD 100 million in Circle, renews USDC deal | The Paypers NewsCrypto, Web3 and CBDC

Add preferred source Circle, the U.S. issuer of the dollar-pegged stablecoin USDC, launched the public mainnet of its proprietary Layer-1 blockchain “Arc” on September 16. The defining feature is the ability to pay network fees (gas) in USDC, eliminating the need to hold a separate token for transaction costs. Validators will be selected by Circle…

Crypto-linked stocks have endured a volatile few days after the Senate failed to advance the CLARITY Act on Sept. 15 and the Federal Reserve raised interest rates by 25 basis points a day later.

Over the past few years, Circle has done one thing only: bring USDC to where users already are. Now it’s stepping in to build its own Layer 1, betting not on stealing liquidity from Ethereum or Solana, but on creating markets that don’t yet exist: stablecoin foreign exchange, institutional private finance, and autonomous agent economies.…

Circle launches Arc mainnet for institutional finance | The Paypers NewsCrypto, Web3 and CBDC

Shenchao Overview: Over the past few years, Circle has done just one thing: bring USDC to where users already are. Now, it’s entering the Layer 1 space itself, not betting on stealing liquidity from Ethereum or Solana, but aiming to create markets that don’t yet exist: stablecoin foreign exchange, institutional private finance, and autonomous agent…

Circle has launched Arc Mainnet, a Layer 1 blockchain seeking to power financial markets, stablecoin payments, and a new wave of AI-fueled economic activity. Arc went live on 16 September with 100+ applications and 100+ institutions and ecosystem participants. Circle’s infrastructure has since expanded past USDC▼$0.9998 to include a Layer 1 settlement layer.

The xrp news this week feels different because the money behind it is different. Grayscale gave XRP a 26.11% weight in its new advisor portfolio on September 14, per BeInCrypto. That same day, the U.S. Senate moved toward a cloture vote on the CLARITY Act, per CoinGabbar.

Circle switched on the public mainnet of Arc, its Layer 1 blockchain, on Wednesday, and said it had minted the entire opening supply of 10 billion ARC tokens in the U.S. this week. The company announced the launch with more than 100 applications running and more than 100 institutional and ecosystem partners live from day…