Breaking: Circle Receives Major Crypto Payments Institution License In Singapore
USDC stablecoin issuer Circle Internet Financial receives in-principle approval as a Major Payments Institution License holder from the Monetary Authority of Singapore (MAS). The company will provide digital payment token products, cross-border and domestic transfer services in the city-state. Moreover, Circle looks to drive institutional crypto adoption of USD Coin (USDC) in DeFi and Web3 The post Breaking: Circle Receives Major Crypto Payments Institution License In Singapore appeared first o
USDC Issuer Circle’s $9 Billion Acquisition, Public Listing Suffers Delay
Special purpose acquisition company Concord Acquisition Group plans to further delay USDC issuer Circle’s acquisition to January 2023. Circle’s CEO Jeremy Allaire earlier confirmed plans to go public in Q4 2022 after closing the acquisition deal. Meanwhile, the USD Coin (USDC) market cap continues to shrink as compared to the rival stablecoin USDT. SPAC Plans The post USDC Issuer Circle’s $9 Billion Acquisition, Public Listing Suffers Delay appeared first on CoinGape.
Just-In: Justin Sun Reveals Reason Behind $236 Million USDC Cash Out
Tron founder Justin Sun clears rumors surrounding massive transactions through his accounts in recent weeks. He said the rumors of cashing out USDC are false and the transactions with Circle are only internal fund sorting and allocation. Justin Sun remains highly bullish on crypto and blockchain, as well as looks to increase hiring. Justin Sun: The post Just-In: Justin Sun Reveals Reason Behind $236 Million USDC Cash Out appeared first on CoinGape.
This Cryptocurrency Could Benefit From Binance BUSD Auto Conversion?
Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole position in the category. But the Binance BUSD auto conversion has certainly brought about a sea change in stablecoin scene. The The post This Cryptocurrency Could Benefit From Binance BUSD Auto Conversion? appeared first on CoinGape.