The company proudly announced that it stands among the pioneering major payment institutions to directly employ the Solana network for its settlement processes.
The Centre Consortium, co-operatively overseen by Circle and Coinbase, is currently in the process of being closed down. Consequently, Circle will be taking over the internal management of issuance and governance for the USDC stablecoin.
In the long run, the bank envisions a heightened level of competition targeting the token.
Certain tokens are non-tradeable post-purchase, whereas others have the potential to be rug-pulled at any given moment.
After reaching a 2023 peak of about 4.20% last week, the yield on the U.S. 10-year Treasury has now fallen below the 4% mark.
'The difference is significant because we have a prudential regulator,' said Paxos head of strategy Walter Hessert.
Circle CEO Jeremy Allaire has shown keen interest in establishing partnerships within the country following the implementation of new regulations concerning stablecoins.
Arkham Intelligence's blockchain data reveals that an overwhelming 90% of TUSD's substantial $3.1 billion market capitalization is held within Binance's crypto wallets.
Acquired through a Freedom of Information Law inquiry, the documents provide a valuable yet restricted glimpse into the reserves supporting USDT, the largest stablecoin in the cryptocurrency market.
As of Thursday morning, the USDT holdings in Curve's widely used '3pool' have surged to more than 72%, indicating an abrupt imbalance.