Circle

According to the official data of Circle, from March 10 to March 17, Circle issued a total of 2.2 billion USD of USDCs and redeemed 8.7 billion USD of USDCs, resulting in a decrease in circulation of approximately 6.5 billion USD. As of March 17, the total circulation of USDC was US $36.9 billion, and the reserve was US $37.1 billion, including US $8.1 billion in cash and US $29 billion in short-term US treasury bond bonds. USDC circulation decreased by $6.5 billion in the past week Analysis based on this information:Circle Inc, a blockchain-based fintech company, has revealed that it issued $2.2 billion worth of USDC (USD Coin) between March 10 and March 17 this year. USDC is a stablecoin pegged to the value of the US dollar, meaning its value is not prone to the price fluctuations that affect the cryptocurrency market. The company also revealed that during the same period, 8.7 billion USDC was redeemed, leading to…

According to reports, hedge fund investment company Citadel once proposed to purchase $3.3 billion of cryptocurrency technology company Circle deposits in Silicon Valley banks at a certain discount, but negotiations between the two sides ultimately collapsed. (Wall Street Journal) Citadel has proposed to acquire Circle’s $3.3 billion deposit with a Silicon Valley bank at a certain discount Analysis based on this information:Reports indicate that hedge fund investment company Citadel approached Circle, a cryptocurrency technology company, with an offer to purchase $3.3 billion worth of their deposits in Silicon Valley banks at a discount. However, the negotiations ultimately failed, and the deal was not finalized. This news brings attention to the rising interest of traditional finance institutions in cryptocurrencies, as well as highlighting the challenges that can arise in such negotiations. Citadel is one of the largest hedge funds globally, and their interest in purchasing Circle’s crypto deposits underscores a growing interest in cryptocurrencies by traditional finance institutions. Such investments allow…

According to reports, a few days after the US federal government stepped in to protect the now defunct Silicon Valley bank depositors, Jeremy Allaire, the CEO of Circle, said in an interview with CNBC that although the USDC had resumed anchoring, the banking system risks had not completely disappeared. He explained that the risks of the broader impact on the US financial system appeared to be systemic, and I do not believe that these risks had completely dissipated at this time. Circle will protect itself by reducing bank deposits. From the perspective of Circle, the main preventive measure is to ensure that we are exposed to the hidden risks in the partial reserve banking system as little as possible. （dailyhodl） Circle CEO: Will protect themselves by reducing bank deposits Analysis based on this information:In a recent interview with CNBC, Jeremy Allaire, the CEO of Circle, expressed his concern about the banking system risks in the United States, despite the resumption…

7:00-12:00 Keyword: Signature Buyer, CathieWood, Circle, Stripe Summary of important developments at noon on March 16th Analysis based on this information:Investment guru Cathie Wood has made headlines once again after disclosing her company’s purchase of shares in payment companies Circle and Stripe. The transactions were completed during the first few hours of trading, between 7:00 and 12:00. Wood’s company, Ark Invest, is a signature buyer in the tech space, often backing innovative firms that are disrupting traditional industries. Circle and Stripe certainly fit the bill, with both companies having made significant strides in the digital payments space. Circle, founded in 2013, has built a stablecoin-powered payment infrastructure that enables quick, low-cost, cross-border transactions. The technology is based on blockchain, the same underlying technology that powers cryptocurrencies such as Bitcoin. Circle’s rapid growth in recent years has been fueled by a reportedly $440 million investment from Chinese conglomerate Fosun Group. Stripe, on the other hand, was founded in 2010 and has…

According to reports, the official blog of Circle stated that as of March 15th, the banking business of the United States had basically cleared all the backlog of USDC casting and redemption requests. Since Monday morning, Circle has redeemed $3.8 billion of USDCs and issued $800 million of USDCs. Circle: Since Monday, it has redeemed $3.8 billion of USDC and cast $800 million of USDC Analysis based on this information:Circle, one of the major players in the cryptocurrency industry, has reportedly cleared all the backlog of USDC (USD Coin) casting and redemption requests from the banking business in the United States as of March 15th. This means that all outstanding USDC requests have now been processed and fulfilled. USDC is a stablecoin that is pegged to the value of the US dollar. It is used as a means of exchanging value in the cryptocurrency world, providing stability to users who may otherwise face volatility in the value of more traditional…

According to the report, Jeremy Allaire, the chief executive of Circle, said in the latest interview with CNBC that if the U.S. government did not intervene in Silicon Valley banks, Circle would take “preventive measures”, including using its own corporate balance sheet and external funds, so it was very confident in capital. Fortunately, Circle does not need to do so now. Jeremy Allaire also said that he would not be “angry” about the behavior of Silicon Valley banks, because the main reason for these problems is the rising US dollar interest rate. Circle CEO: I will not feel “angry” with Silicon Valley Bank. The main reason is the rising US dollar interest rate Analysis based on this information:In a recent interview with CNBC, Jeremy Allaire, the CEO of Circle, shared insights on the potential risks posed by the rising US dollar interest rate to Silicon Valley banks. He also discussed the measures Circle could take to mitigate these risks. Allaire…

According to reports, Jeremy Allaire, co founder and CEO of Circle, recently accepted an interview with Bloomberg. Jeremy Allaire talked about the recent turmoil in the banking industry and its impact on USD Coin. Jeremy Allaire’s view that traditional banking systems need to be protected from encrypted assets is no longer valid. Jeremy Allaire believes that recent developments have proven that the situation has reversed and that its cryptographic entities need to be protected from the impact of traditional bank failures.   Circle co founder: $3.3 billion stranded at SVB will be fully recovered Analysis based on this information:In a recent interview with Bloomberg, Jeremy Allaire, co-founder and CEO of Circle, discussed the impact of the recent turmoil in the banking industry on cryptocurrencies, specifically on the USD Coin. Allaire expressed his belief that the traditional view that banking systems need to be protected from encrypted assets is no longer valid. Instead, he argued that recent developments have shown that…

It is reported that, according to Tokenview data, Circle destroyed USDCs worth about 1.07 billion dollars on March 13, and forged USDCs worth about 480 million dollars. Circle destroyed USD1.07 billion worth of USDC yesterday Analysis based on this information:Circle, one of the largest cryptocurrency companies in the world, made headlines recently after it destroyed USDCs worth 1.07 billion dollars and forged USDCs worth 480 million dollars. This news comes as a shock to the cryptocurrency community as Circle was one of the early adopters of USDC, a stablecoin that is pegged to the US dollar. USDC is a popular cryptocurrency that has gained attention in the last few years due to its stability and predictability. It is a stablecoin that is pegged to the US dollar, which means that one USDC is always equal to one US dollar. This makes it an attractive cryptocurrency for investors who want to avoid the volatility and unpredictability that is associated with other…

On March 13, Jeremy Allaire, co-founder and CEO of Circle, tweeted that Circle’s deposit in SVB was 100% safe and would open tomorrow. USDC reserves are also 100% safe. Circle will complete the transfer of the remaining SVB cash to BNYMellon, and USDC’s liquidity operation will resume when the bank opens tomorrow morning. Jeremy Allaire also said that after the closure of Signature Bank, it would not be able to process and redeem the USDC through SigNet, and Circle would rely on New York Mellon Bank for settlement. Circle co-creation: Circle will rely on New York Mellon Bank for settlement Analysis based on this information:Circle co-founder and CEO, Jeremy Allaire, recently took to Twitter to reassure customers that their deposits in SVB were completely safe and would be available the following day. This announcement came after the closure of Signature Bank, which had been processing and redeeming USDC through SigNet. Allaire noted that Circle would transition to using New York…

On March 13, the Watchers monitoring data showed that Circle destroyed 220000000 1 USDCs again. Earlier, Circle had just destroyed 314167155.05 USDCs in a single transaction. Circle destroyed 220 million USDCs again Analysis based on this information:Circle, the issuer of the popular USDC stablecoin, has recently destroyed over 220 million units of the digital asset. According to the Watchers monitoring data, this is the second time that Circle has destroyed such a significant amount of USDCs in a single event. Earlier in the month, Circle had destroyed over 314 million USDCs in a single transaction. This signifies a trend in the burning or destruction of stablecoins, which has been gaining popularity in the cryptocurrency market. Stablecoins are generally used as a means of securing or hedging against cryptocurrencies with higher volatility. They are pegged to a fiat currency, a commodity, or a cryptocurrency such as Bitcoin. Stablecoins help to maintain the stability and predictability of cryptocurrency transactions, and their use…

It is reported that Watchers monitoring data shows that Circle destroyed 314167155.05 USDC in a single transaction. Circle destroyed more than 300 million USDCs in a single transaction Analysis based on this information:Circle, one of the leading players in the cryptocurrency and blockchain industry, recently made headlines with an astonishing move. Watchers monitoring data reported that Circle destroyed a staggering sum of 314167155.05 USDC in a single transaction, causing a buzz in the crypto community. Before diving into the significance of this move, it’s essential to understand what USDC is. USDC is a stablecoin backed by the US dollar that is used for digital payments and transactions on online platforms. It’s a popular choice among cryptocurrency traders and investors who want to avoid the volatility of other digital assets such as Bitcoin and Ethereum. Now, let’s examine the impact of Circle’s move. Destroying USDC means removing it from circulation, essentially reducing the amount of USDC in the market. This move…

On March 13, Nansen said on Twitter that at 9:43 Beijing time, Circle cast about 407.8 million USDCs, which is the largest USDC cast in the past seven days. The hourly net change in the issuance of USDC is+463.8 million dollars. Circle cast about 400 million USDCs at 9:43 Beijing time Analysis based on this information:Circle, a financial technology company, has cast an overwhelming 407.8 million USDC (USD Coin) in the past seven days, according to a tweet by Nansen on March 13. This marks the largest USDC cast by Circle in the last seven days. Furthermore, there has been a net change in the hourly issuance of USDC, with an increase of 463.8 million dollars in the past hour. USDC is a stablecoin, which means its value is pegged to the US dollar. It enables users to move money across different blockchain networks without the volatility risks associated with other cryptocurrencies like Bitcoin. USDC is issued by various companies,…

21:00-7:00 Key words: Circle, SEC, Bank of Silicon Valley, Nansen

Overview of important developments overnight on March 12

Analysis based on this …

According to reports, Circle, the issuer of the USDC, issued a letter in response to the USDC\’s anchor withdrawal, saying that if the reserve of US $3.3 billio…

It is reported that Circle sent a notice to the trading company that the USDC transaction conducted through the Signature Banks Signet network will not be proc…

It is reported that encryption analyst 0xHamZ said on social media that Circle has frozen redemption to a large extent, which means that the r/r of USDC bulls …

7:00-12:00 Key words: US Treasury, Silicon Valley Bank, Circle, Federal Reserve Summary of important developments at noon on March 12 Analysis based on this information:The US Treasury recently partnered with Silicon Valley Bank and Circle to enhance the speed and efficiency of financial systems used by the Federal Reserve. The partnership aims to incorporate digital payments into the existing infrastructure, to ensure that more individuals and businesses can access the financial system seamlessly. The Silicon Valley Bank is a financial institution that specializes in offering services to technology startups, venture capitalists, and private equity firms. It is considered one of the largest banks globally, with operations across the United States, the United Kingdom, China, India, and Israel. Circle, on the other hand, is a stablecoin and cryptocurrency firm that offers a range of products aimed at promoting financial inclusion. The partnership between the three entities intends to promote innovation, improve the speed and efficiency of payments processing, and enhance financial…

On March 12, Nansen data showed that Circle destroyed USDCs worth 649.3 million dollars and cast USDCs worth 16.7 million dollars in the past 24 hours. The trend was significantly slower than that of destroying USDCs worth 2.34 billion dollars and casting USDCs worth 366 million dollars the previous day. Circle destroyed USDCs worth 649 million in the past 24 hours Analysis based on this information:Circle, a leading financial technology firm, has been making headlines recently for its massive destruction and casting of USD Coin (USDC), a stablecoin pegged to the US dollar. On March 12, the Nansen data reported that Circle destroyed USDCs worth $649.3 million and cast USDCs worth $16.7 million in the past 24 hours. However, the trend was significantly slower than that of the previous day when Circle destroyed USDCs worth $2.34 billion and cast USDCs worth $366 million. The sudden and massive destruction of USDCs by Circle has raised concerns among investors and cryptocurrency enthusiasts….

On March 12, Jeremy, the founder of Circle, tweeted that USDC\’s $3.3 billion cash reserves remained in SVB. As of Thursday, we have started to transfer these f…

It is reported that according to the reserve report of USDC, Circle holds an undisclosed cash in the Bank of Silicon Valley. The stable currency issuer listed …