Browsing: Circle

ARK Invest’s founder says Wall Street analysts do not understand the stablecoin issuer’s business model.

Circle Internet (NYSE:CRCL) shares jumped 6.0% in pre-market trading on Friday, extending their recent rally after the company announced the acquisition of a significant portion of IBM’s global blockchain patent portfolio.

Circle has spent years enabling USDC▲$0.9999 on other blockchains. Now it is building its own infrastructure. Arc, the Circle blockchain, is a settlement network for institutional finance.

Circle has expanded its stablecoin infrastructure to OKX’s X Layer, bringing native USDC and the Cross-Chain Transfer Protocol (CCTP) to the Ethereum-compatible layer-2 network.

Circle has minted an additional 250 million USDC on the Solana blockchain, increasing the total issuance on the network to approximately $72.01 billion. This marks the fourth such mint in two days, indicating significant activity within the Solana ecosystem. The cumulative issuance figure reflects the total amount minted, not the circulating supply on the network.…

The USDC issuer secures a federal banking charter, marking a milestone for stablecoin regulation in the US.

The stablecoin issuer argues that countries which pioneered mobile money, like Kenya, already have the regulatory DNA to govern digital dollars.

Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank, marking one of the biggest regulatory milestones a stablecoin issuer has ever reached in the United States. The new entity — formally First National Digital Currency Bank, N.A. — will operate as Circle…