News
A new Circle–Aleo stablecoin project highlights the growing demand for privacy features as companies weigh blockchain use against the risks of transparency.
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Circle News
Circle is a service for making instant money transfers. The Circle startup was launched in 2013 by Jeremy Allaire and Sean Neville. The Circle app is a platform that allows users not only to send and receive money, but also stores it as well. In 2015, the Circle company got a BitLicense and started operating as a Bitcoin wallet service to trade with cryptocurrency. The main feature of using Circle is that Bitcoin kept in the wallet is insured, so the in case of money being stolen from the user’s account, all the money will be compensated. For this, Circle keeps the equal amount of cryptocurrency on its account to all the Bitcoin stored on the platform. Currently, the Circle finance company uses blockchain technology for not only crypto transactions, but for traditional transfers as well.
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Circle has secured a license in Abu Dhabi, enabling it to operate as a licensed Money Services Provider as the UAE accelerates its rollout of crypto regulations.
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Bybit plans deeper USDC adoption for trading and payments, with the stablecoin “already embedded” across its ecosystem.
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Ethena’s USDe shed 24% of its supply in November, losing market share as fiat-backed stablecoins including USDT, USDC, PYUSD and RLUSD added billions.
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Revolut completed a private share sale with participation from major investment companies. The transaction also allowed employees to sell shares.
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The European Central Bank said stablecoin risks in the euro area are limited, with crypto trading dominating use and retail adoption under 1%, while monitoring continues.
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ARK Invest ramped up its crypto exposure on Friday, adding Bullish, BitMine, Circle, Robinhood and nearly $600K in Bitcoin ETFs as crypto equities attempted a rebound.
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Cathie Wood’s ARK Invest bought over $39 million in Bullish, Circle and BitMine shares as crypto stocks dipped, signaling conviction amid market weakness.
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Bullish posted record revenue and profit in the third quarter, but the strong results failed to sway investors, with the company’s share price continuing to decline.
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Crypto stocks plunged on Monday, with Coinbase, Marathon Digital, Riot, CleanSpark, Circle and Strategy all sliding sharply.
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Cathie Wood’s investment company, ARK Invest, is back to buying Circle, making its first purchases since selling 1.7 million shares in June.
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Circle is seeking to improve FX market infrastructure by offering institutions deeper global liquidity access with fewer intermediaries and reduced counterparty risk.
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The stablecoin issuer considered stablecoin-denominated gas fees on Arc, but has a long-term goal of shifting to distributed governance.
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Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more.
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The US Treasury Department accepted comments related to the implementation of the stablecoin bill until Tuesday as part of the law’s planned rollout.
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