USDC Expands $25B Payments Flow with Deal
Circle to acquire Tazapay for $400M, expanding USDC’s global reach with over $25B in annual payments; deal closes in 2027 pending regulatory approval. #Update #Crypto $USDC
Circle
Circle Acquires Tazapay for $400 Million
@Circle has agreed to acquire Singapore-based Tazapay for $400 million in securities, aiming to enhance its global payments infrastructure and boost USDC use in cross-border settlements. #Update #Crypto $USDC
USDC Backing Surpasses Circulating Supply
Circle’s latest USDC reserve attestation by Deloitte shows reserves at $34.5B, exceeding circulating supply, backed by U.S. Treasury bills and repo agreements. #Update #Crypto $USDC
USDC Faces Quantum-Safety Risks in Wallets
@Circle warns that quantum circuits for blockchain signatures are advancing, impacting USDC’s migration across 37 networks. Urgent preparations needed for cryptography and key rotation. #Update #Crypto $USDC
USDC Sales Continue on Coinbase Despite Deadline
@Coinbase’s cutoff for USDC deposits on Noble passed, yet Circle still directs users to Coinbase for transactions. The risk of unrecoverable funds is noted. #Update #Crypto $USDC
Blackrock BUIDL Surges to $2.8B Crown
Blackrock’s BUIDL fund regains top spot in tokenized Treasury market with $2.8B AUM, surpassing Circle’s USYC. Managed by Securitize across eight blockchains. #Update #Finance
Bitcoin DeFi Asset cirBTC Launches on Ethereum
Circle has launched cirBTC on Ethereum, a 1:1 Bitcoin-backed asset using segregated custody and Chainlink Proof of Reserve, issued through Circle’s Bermuda-regulated structure. #Update #Crypto $BTC
Bitcoin-Backed DeFi Asset Launches on Ethereum
Circle launches cirBTC on Ethereum, backed 1:1 by Bitcoin with segregated custody and Chainlink Proof of Reserve, issued through Bermuda-regulated structure. #Update #Crypto
Circle’s USYC Surges in $31.76B Market
Tokenized real-world assets hit $31.76B with @Circle’s USYC surpassing $3B and Blackrock’s BUIDL near $2.4B; liquidity risks persist. #Update #Crypto
Tether Circle Under Pressure from New Stablecoins
Rob Hadick of Dragonfly predicts USDT and USDC will lose stablecoin dominance as Paxos, Agora, and fintechs expand in payments and compliance. #Update #Crypto $USDT
Bitcoin Collateral: Aave Approves Circle Wrapped
Aave Labs proposes adding Circle Wrapped Bitcoin (cirBTC) as collateral on Aave V3 and V4 Core, pending community feedback and governance approval. #Update #DeFi $AAVE
Kraken Launches USDCx on Canton Network
Kraken now supports USDCx deposits and withdrawals on the Canton Network, enhancing stablecoin infrastructure for institutional finance. USDCx is backed 1:1 by USDC in Circle’s xReserve. #Update #Crypto $USDC
USDC Payouts Launch Boosts Treasury Options
@Masspay expands integration with @circle to enable automated stablecoin payments for fintechs and B2B enterprises, streamlining treasury operations with USDC payouts. #Update #Fintech
Bitcoin Dips Below $61K Amid Middle East Tensions
Circle launches cirBTC on Ethereum, backed 1:1 by BTC with Chainlink Proof of Reserve for transparency. Expansion plans include integration with Arc and multichain support. #Update #Crypto $BTC