Circle Reports Q3 Reserve Income Exceeding $700 Million, Teases Native Token ...
In a recent financial statement on Circle’s (CRCL) third-quarter (Q3) performance, the stablecoin giant saw tremendous increase in key metrics, exceeding Wall Street estimates. Circle’s Financial Disclosures According to the financial disclosures made public by the firm on Wednesday, Circle’s Reserve Income surged to $711 million, marking a substantial 60% year-over-year increase, primarily fueled by […]
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The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s Stablecoin Is a ‘Very Efficient Pipe Between Legacy Electronic Dollars and Digital Currency Dollars’ The two largest stablecoin providers, Tether and Circle, want the public to be assured that tether (USDT) and....
Decentralized data-indexing protocol The Graph has raised $12 million in a public sale of its native GRT token.
Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding. As reported by Fortune, Circle is raising the funds at a valuation of $200m, citing persons with knowledge of the negotiations. A representative for Circle declined to comment. The move, if confirmed, would represent Circle's largest funding effort to date. Circle raised $17m in a Series B round last year, following an earlier $9m in Series A funding from 2013. The funding would raise Circle's total investment to $66m. Circle
Polymarket is back in the headlines after founder Shayne Coplan posted a cryptic ticker string, $BTC, $ETH, $BNB, $SOL, $POLY, on X, stoking talk of a native Polymarket token and a potential airdrop for users. Related Reading: BNB’s Price Still Breaking Boundaries – Here’s Why It Surged Above The $1,300 Mark Community chatter is loud […]
Circle released today the first native Circle apps for both iOS and Android. These apps are a critical companion to the Circle web service, allowing customers to use native apps to make payments, send and request money, and instantly deposit and convert money between dollars and Bitcoin. I am a user of the Circle web service since the closed beta before the public launch, and Circle is now an important part of my Bitcoin storage and transfer chain. I have always been impressed with the professional quality and immediateness of the user interface, and the responsiveness of the customer....