USDC will join Celo’s native proof-of-stake governance token, CELO (CELO), as the blockchain transitions from an Ethereum Virtual Machine-compatible layer-1 chain to an Ethereum layer-2 protocol.

The Dubai Financial Services Authority (DFSA) has officially approved Circle’s stablecoins USD Coin (USDC) and EURC (EURC) as recognized tokens under the authority’s crypto regime — the ...

According to Nansen, Circle burned some $1.6 billion of USDC on Friday, taking out the tokens from circulation as investors redeemed dollars. Circle also minted new coins, adding to the ...

Circle CEO Jeremy Allaire announced that the USDC stablecoin would become transparent, with a summary of USDC reserves and attestations to be published as the company prepares to go public.

and the remaining tokens are backed by municipal and corporate bonds. The company has issued about $22.2 billion worth of USDC, according to the attestation. It’s unclear what, specifically ...