Circle

An Empire episode this week featured Jason Yanowitz, Santiago Santos and Circle CEO Jeremy Allaire

Plus, are stablecoins still crypto’s killer app?

Circle has received a license to operate in the EU under the Markets in Crypto-Assets regulation

Just a few months after it confidentially filed for a US IPO, the company is planning to jump across the pond

Circle’s new smart contract to allow holders of BlackRock USD Institutional Digital Liquidity Fund to redeem shares for its stablecoin

Solana developers can natively swap USDC tokens from Ethereum and other ecosystems

Customers will have the option to transfer USDC from Tron to other networks or redeem their stablecoins for fiat currency

Elsewhere, Axie Infinity’s developer gets its first CEO and 1inch DAO lawyers up

On-chain access to US Treasurys have received a lot of interest from LatAm countries

A range of traditional finance firms entering the crypto space have done so in recent months via link-ups with sector companies

Circle’s letter follows one from the Campaign for Accountability alleging ties to Justin Sun and TRON

The issuer behind the second-largest stablecoin is continuing its foray into permissionless transfers

USDC’s CCTP is coming to Cosmos, and it’s already live on testnet

Sensible crypto legislation in the US remains “a live issue” but has hurdles to overcome, USDC issuer’s policy head says

The liquidity coverage ratio for USDC is somewhere between 200% and over 800%, chief economist Gordon Liao says

Mercado Libre continues its venture into offering crypto for Latin Americans, this time partnering with Circle

The crypto exchange’s Interest income on USDC amounted to roughly 23% of its net revenue during the second quarter

As part of the arrangement, stablecoin USDC is set to launch on six new blockchains starting in September

Circle’s appetite for Web3 is growing, previously enabling developer access to its Ethereum-Avalanche CCTP for faster USDC transfers

The humanitarian aid organization is partnering with Triple-A to enable crypto payments

The stablecoin issued by Circle saw its market capitalization peak in the middle of last year, but it has continued to drop following its March de-peg

Circle has added a longtime Goldman Sachs executive as the stablecoin issuer’s newest board member

The stablecoin issuer’s SBV holdings were backstopped by the FDIC

Kraken also hired a new chief technology officer this week