Future of Finance: Circle’s Allaire says U.S. lawmakers may be ‘late to the party’ with crypto, but it won’t hold back the world’s largest economy

“When the U.S. does lay down its rules,” added the Circle CEO, “it's going to be a highly competitive market.”

• 2023-07-18
• Jeremy Allaire USDC major companies Circle application layer financial regulators Financial Stability Board

Circle CEO Optimistic Over Bitcoin Spot ETF Approval: 'Progress is Being Made'

Jeremy Allaire believes there has been progress in addressing regulatory concerns that have previously hindered the approval of Bitcoin ETFs in the U.S.

• 2023-06-27
• Jeremy Allaire Bitcoin ETF Bitcoin Circle

Circle’s Allaire Says Bitcoin ETFs Likely to Be Approved: Bloomberg

Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China.

• 2023-06-27
• Jeremy Allaire Bloomberg market surveillance World Economic Forum regulators Circle spot markets exchange-traded funds

ANALYSIS: USDC Dodges a Bullet, But Crypto Industry Now Has New Problems

The financial turmoil that killed Silvergate Bank, Silicon Valley Bank and Signature Bank will cast a long shadow on crypto's development.

• 2023-03-13
• USDC Federal Deposit Insurance Corporation SVB U.S. Treasury Department Circle Apple Podcasts existential crisis FDIC Silvergate

Crypto firm Circle hit by Signature Bank closure

Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday, Jeremy Allaire, Co-Founder and Chief Executive Officer of Circle said in a tweet. State regulators closed New York-based Signature Bank on Sunday, just two days after California authorities shuttered Silicon Valley Bank (SVB), in a collapse that roiled global markets and stranded billions of dollars of deposits.

• 2023-03-13
• Silicon Valley Bank Signature Bank Jeremy Allaire BNY Mellon Circle USD Coin SVB

Bitcoin, USDC stablecoin rally after US intervenes on SVB

SINGAPORE (Reuters) -Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurrency firm Circle assured investors its peg was secure. The U.S. Treasury and Federal Reserve announced a range of measures to stabilise the banking system and said depositors at SVB would have access to their deposits on Monday. The moves came as authorities took possession of New York-based Signatu

• 2023-03-13
• Silicon Valley Bank Signature Bank USD Coin SVB U.S. Treasury Jeremy Allaire Circle Federal Reserve Bitcoin

Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears

Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.

• 2023-03-11
• USDC Silicon Valley Bank Circle Adam Cochran FDIC SVB

Crypto firm Circle has $3.3B exposure to Silicon Valley Bank

The cryptocurrency firm Circle says that $3.3 billion of its $40 billion USD Coin reserves are held by Silicon Valley Bank, a lender that was shutdown on Friday.

• 2023-03-11
• Silicon Valley Bank Circle

Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley Bank

The stablecoin company's announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financial crisis, roiling global markets and stranding billions of dollars belonging to companies and investors. Traders have been on guard this week for signs of contagion in the financial sector and beyond from troubles for SVB and crypto-focused Silvergate, which this week disclosed plans to wind down operations and voluntarily liquidate. Boston-based Circle s

• 2023-03-11
• Silicon Valley Bank SVB Circle

Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns

$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System.

• 2023-03-11
• Silvergate Bank Silicon Valley Bank Federal Reserve System Circle USDC Flagstar Bank New York Community Bank Citizens Trust Bank Customers Bank Jump Trading