Streetbeat News

USDCUSD

USDC/USD pair

Industry

Digital Currency

Cryptocurrency USDC/USD pair

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Circle Internet Financial, the firm behind the USD Coin (CRYPTO: USDC) stablecoin, is reportedly exploring a transition into a publicly traded company as early as 2024. The company is in the consultation phase, engaging with advisory entities regarding a potential IPO. The company's valuation ambitions for an IPO remain undisclosed, but in a previous attempt to enter the public market through a SPAC in 2022, Circle was pegged at a $9 billion valuation. Circle is backed by heavyweight investors such as Goldman Sachs Group Inc. (NYSE:GS), General Catalyst Partners, BlackRock Inc. (NYSE:BLK), Fidelity Management and Research, and Marshall Wace.

Portfolio Pulse from Murtuza Merchant

November 08, 2023 | 5:54 pm

Austin Federa, Head of Strategy at Solana Foundation, believes that crypto payments are reshaping financial transactions worldwide. He highlighted the efficiency and cost-effectiveness of blockchain technology, particularly for smaller transactions. Major financial players like Visa are integrating crypto payments into their systems, with Visa using the Solana blockchain for 24/7 transaction settlement. Federa also expressed concerns about U.S. regulation pushing crypto innovation offshore. He emphasized the importance of a regulatory environment that fosters innovation while protecting investors.

Portfolio Pulse from Murtuza Merchant

November 06, 2023 | 5:00 pm

Circle, the issuer of stablecoin USDC, has announced it will discontinue support for consumer Circle Mint accounts and no longer create new accounts for individual retail consumers. This move may benefit Tether, which will support individual consumer accounts but with a minimum limit of $100,000. Tether remains the largest stablecoin issuer with a total supply of around $91 billion for its USDT token, while Circle has a total supply of about $27 billion for USDC. Tether's third-quarter attestation report showed cash and equivalents accounted for 85.7% of its total reserves, the highest ever.

Portfolio Pulse from Khyathi Dalal

October 31, 2023 | 10:59 pm

Circle, the issuer of USDC Coin (CRYPTO: USDC), has partnered with Taiwanese crypto exchange BitoGroup and Taiwan FamilyMart to launch a points-to-crypto service. This service will allow users to convert their FamilyMart loyalty points into cryptocurrencies like USDC. The move is expected to deepen Circle's presence in the Taiwanese market. Taiwan plans to submit its special crypto law draft by November end, with implementation likely in mid-2024.

Portfolio Pulse from Khyathi Dalal

October 26, 2023 | 7:52 pm

The article reviews the progress of five crypto companies that received significant funding in 2022: Yuga Labs, ConsenSys, Polygon, Circle, and Animoca Brands. Yuga Labs has expanded into NFT collaborations and decentralized applications. ConsenSys has played a crucial role in Ethereum's transition to its 2.0 version. Polygon is working towards a connected crypto world. Circle's USDC coin has seen exponential adoption in 2023. Animoca Brands has positioned itself as a leader in the NFT and blockchain gaming space.

Portfolio Pulse from Murtuza Merchant

October 25, 2023 | 2:28 pm

Standard Chartered Bank's SC Ventures and Deutsche Bank have successfully conducted a Universal Digital Payments Network (UDPN) proof-of-concept, facilitating real-time transactions between USD Coin and EURS stablecoins. The UDPN is a distributed ledger technology system that ensures smooth interactions between regulated stablecoins, CBDCs, and business IT systems. The aim of the UDPN Alliance is to transition from traditional payment infrastructures to streamlined, cost-effective digital payment solutions.

Portfolio Pulse from Murtuza Merchant

October 23, 2023 | 7:17 pm

Cryptocurrency exchange Coinbase (NASDAQ:COIN) has removed 80 non-USD trading pairs, including Bitcoin and stablecoins like Tether, from its platforms. The exchange notes that these markets account for an insignificant portion of its overall trading volume, so the impact on users would be minimal. Traders can continue trading these assets through USDC (CRYPTO: USDC) unification. This move follows a similar action in mid-September when Coinbase removed 41 non-USD markets. Coinbase's Q3 spot trading volumes have plunged 52% since 2022.

Portfolio Pulse from Khyathi Dalal

October 17, 2023 | 3:09 pm

Bitcoin's price surged to $30,000 on certain exchanges due to false reports that the SEC had approved BlackRock’s iShares Bitcoin ETF. The fake news led a large-scale investor to buy 20.5 Wrapped Bitcoin with 613,201 USD Coin, only to sell it for 563,970 USDC after realizing the news was fake, resulting in a loss of $49,231 in 10 minutes. BlackRock clarified that the iShares Bitcoin ETP application is still under review by the SEC.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 10:48 am

Ethereum co-founder Vitalik Buterin has transferred approximately $14.9 million worth of USD Coin (USDC) to cryptocurrency exchange Gemini. This follows a $500,000 transfer to Coinbase just three days prior. In September, the total transferred amount from Buterin’s wallets surpassed $3.9 million. The transactions have raised eyebrows among blockchain analysts.

Portfolio Pulse from Mehab Qureshi

October 17, 2023 | 6:57 am

Circle Internet Financial, the issuer of USDC, has partnered with Coins.ph, a leading cryptocurrency exchange and digital wallet provider in the Philippines, to promote USDC-denominated remittances. The partnership aims to provide a secure, low-cost, and almost-instant solution for international money transfers. Coins.ph has 18 million Filipino users. The Philippines is the fourth largest recipient of remittances in the world, with remittances forming a major contributor to the country's economy.

Portfolio Pulse from Khyathi Dalal

October 11, 2023 | 9:48 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.