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Companies

Singapore Grants Stablecoin Issuer Circle In-Principle License to Offer Payment Products

“Stablecoin issuer Circle has received an in-principle license from the Monetary Authority of Singapore (MAS), allowing it to operate as a payments company in the country. Circle, which sought a Major Payments Institution License from the Singapore central bank, can now offer cross-border and domestic payment services, according to a press release. The company, which […]
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Companies

Circle Announces Acquisition of Elements to Accelerate Crypto Payments

“On stage at Converge22 today, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of entry for merchants to access next-gen payments and financial services. The new […]
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Companies

Fed Rate Hikes Double Crypto Firm Circle’s Valuation

“The Federal Reserve’s decision to start raising rates has a surprising beneficiary: a cryptocurrency startup. The new rate outlook helped crypto firm Circle Internet Financial Ltd. boost the valuation of its pending merger with a special-purpose acquisition company to $9 billion. Circle issues a so-called stablecoin, called USD Coin or USDC, that is a popular […]
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Companies

Stable Times at Circle: A Crypto Startup Counted Out Is Riding High

“Despite being a year of decline for the crypto sector as a whole, 2018 was a banner year for Circle. In February the company acquired Poloniex, a troubled exchange whose reputation Circle is working hard to rehabilitate, for a reported $400 million. The following month it launched Circle Invest, a product that allows users to buy and sell 12 (at […]
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Companies

Circle launches its stablecoin

“But what is a stablecoin? As the name suggests, 1 USDC is worth 1 USD. Unlike traditional cryptocurrencies, you can be sure that the value of USDC isn’t going to fluctuate like crazy. There are multiple reasons why you’d want to use stablecoins. First, if you want to short cryptocurrencies without cashing out, you can convert […]
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Companies

Circle Invest welcomes EOS, Stellar, 0x and Qtum

“Today, we are welcoming 4 new assets onto Circle Invest – EOS, Stellar, 0x, and Qtum. This brings our collection of crypto assets to 11, making Circle Invest one of the top apps for accessing a wide array of assets. These new assets can be bought individually, or as part of our “Buy the Market” feature which lets you […]
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Companies

Circle Adds Monero to Crypto Investment App

“Blockchain startup Circle is adding the privacy-focused cryptocurrency monero to its Invest application, the company announced Monday. Just one week after the payment platform announced it was adding zcash to its trading app, the company added monero, according to a blog post. As with the other tokens available on the app, users will be able to purchase or […]