Category: Circle

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?

A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth. The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one […]

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Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money

Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money

Auditors working for Circle have disclosed the reserves backing the firm’s USDC stablecoin, while Mad Money’s Jim Cramer has questioned Tether’s lack of transparency with its USDT reserves. Multi-national tax advisory firm Grant Horton conducted the audit, and a reserve attestation report was published on July 20 which showed that 61% of USDC’s reserves were […]

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US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO

US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO

Nov 20, 2020 at 7:36 p.m. UTCUpdated Nov 20, 2020 at 10:05 p.m. UTC Venezuelan opposition leader Juan Guaido was declared interim president by Venezuela’s National Assembly in January 2019.(Carolina Cabral/Getty Images) US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO Payments startup Circle is getting political. The stablecoin issuer is […]

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