USDC to embrace tap-and-go payments after Apple opens up NFC
United States stablecoin giant Circle says tap to pay functionally for USDC will be coming “soon” to iPhones. This post was originally published on this site
USDC Stablecoin Issuer Considers Moving Legal Home From Ireland to US
Circle, a stablecoin issuer based in the Republic of Ireland, has reportedly announced plans to relocate its legal domicile to the United States. The decision is believed to be a response to the Organization for Economic Cooperation and Development’s (OECD) proposal for a minimum tax of 15% on the profits of larger multinational corporations. Republic […]
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) […]
Circle CEO Jeremy Allaire Calls For Advance Legal Framework And Policies After Tornado Cash Fiasco
In a domino effect of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioning the virtual currency mixer Tornado Cash, with the charge of laundering $7bn worth of virtual currency since its creation in 2019, the issuer of USDC stablecoin – Circle, froze over 75,000 USDC worth of funds linked to […]
Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter
On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for the firm’s Connect service to a select group of Twitter users as the social media platform is Stripe’s first partner. Stripe and Twitter Partner to […]