Tuesday, April 22, 2025
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Circle marks a possible $3B loss from Binance stablecoin conversions

Circle, the company behind the issuance of USDC Coin (USDC) said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exchange Binance.In September, crypto exchange Binance announced it will auto-convert USDC to its own stablecoin Binance USD (BUSD), last

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Yuga Labs, Circle, SkyBridge Among Investments FTX Ventures Made Prior to Liquidity Issues

Among the biggest names in which FTX Ventures invested were Bored Ape Yacht Club creator Yuga Labs, USDC stablecoin issuer Circle, layer 1 blockchains Near Protocol and Sui, crypto lender BlockFi and two different funding rounds for the Aptos blockchain, according to crypto data analytics firm Cryptorank. The exact number

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Circle Starts Moving USDC Reserves Into a Blackrock-Managed Fund, Firm Expects to Be ‘Fully Transitioned’ Next Year – Bitcoin News

According to the crypto firm Circle Internet Financial, the company is “deepening” its partnership with the world’s largest asset manager Blackrock. Circle disclosed that it has started to transfer USDC reserves into a Blackrock-managed fund that’s registered with the U.S. Securities and Exchange Commission (SEC). Circle Deepens Relationship With the World’s

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