Tag: USDC

The issuer of the USDC stablecoin, Circle, has stated that it has cleared “substantially all” of the redemption and minting requests for USDC. The announcement comes after the issuer revealed…

Circle CEO Jeremy Allaire believes that the risks to the banking system haven’t completely disappeared days after the US federal government stepped in to protect depositors of the now-collapsed Silicon…

The statement comes via an update, and claims that “since Monday morning, Circle has redeemed $3.8 billion USDC and minted $0.8 billion USDC.”

Circle faced its toughest week so far this year after USD Coin lost its dollar peg. It has since recovered, but the stablecoin issuer just released a new update regarding…

The stablecoin issuer said as at U.S. banking close on Wednesday, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.

Circle CEO Jeremy Allaire described the recent banking crisis in the United States as ‘dramatic’ and ‘challenging’. He said panic emerged in the market last week and manifest in closure…

Jeremy Allaire, CEO and co-founder of Circle, stated that the stablecoin issuer has been “able to access” its $3.3 billion in funds that were stored at the defunct bank Silicon…

The previous high of $24.3 billion occurred in May 2021, when bitcoin was worth roughly $65,000 and ether $4,400.