Circle to keep USDC reserves in minority banks Partnership with Citizens Trust Bank Circle, which issues US dollar-linked stablecoin USDC, has announced a partnership with Citizens Trust Bank, a major minority-owned bank based in Atlanta. The bank will hold about 8.9 billion yen ($65 million) as part of USDC’s reserves. In addition, Circle and Citizens […]
US circle company accuses SEC of being responsible for derailment of SPAC stock listing plan Merger Registration Notification Not Validated Circle, which operates the stablecoin USDC, has failed to list on the stock market through a special purpose acquisition company (SPAC) due to the inaction of the US Securities and Exchange Commission (SEC). He blamed
Circle, the issuer of the second-largest stablecoin USDC, announced on April 12 that it has, so far, raised $400 million from its ongoing funding round. The round is expected to close in the second quarter of 2022. BlackRock, Fidelity Management and Research, Marshall Wace, and Fin Capital are some of the companies to participate in
