The project will help to connect multiple digital wallets to process money transactions; they say this will allow different currencies to flow through wallets like HTTPS, SMTP and SIP information goes between web browsers according to Banking Technology; this would allow an individual making a payment through WeChat to send money to a friend who uses PayPal. Source.
Teana Baker Taylor, Circle's UK VP of Policy, advocates for careful cryptocurrency adoption on behalf of Circle's new Euro Coin.
Circle is planning to offer a similar product to Coinbase called Circle Invest; the platform has now launched in beta as users reported they were receiving invites; the app will support Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ethereum Classic; the app currently does not support cryptocurrency deposits. Source
Javier Milei's deregulation agenda raises hopes in the sector, with rental contracts settled in crypto. But the economy remains in dire shape.
We look at a recent report from Protos that traces the issuance of USDT to the institutional players in the centralized crypto capital markets. The data reveals the market share of players like Alameda, Cumberland, Jump, and others in powering trading in exchanges. We try to contextualize this market structure with what exists both in (1) investment banking and (2) decentralized finance. The analogies are helpful to de-sensationalize the information and calculate some rough economics.
Blockchain-based money transfer platform Circle has secured $25mn from Digital Currency Group; the firm also struck a partnership with Genesis,...
The payment company announced the news that they were launching a cryptocurrency yesterday; it aims to be the digital version...
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.
Last quarter, fintech funding rose to $30 billion, the highest on record. $14 billion of SPAC capital is waiting to take these companies public. Robinhood and Circle are about to float on the public markets, via SPAC and IPO. In this analysis, we explore the fundamentals of both companies, as well as the unifying thesis that explains their growth.
The weekly fintech news roundup features stories from Brex, Circle, BlackRock, the DTCC, MoonPay and more.