Every Zipp story tagged #Circle, newest first.
A national trust charter is the structural prize stablecoin issuers have spent years lobbying for: it puts USDC under the same federal supervisor as the country's largest banks and sidelines…
The charter pulls $73.2B in USDC reserves one regulator closer to OCC supervision, and it lands inside a wave of crypto firms, from Kraken to BitGo, racing for federal banking licences.
First National Digital Currency Bank, N.A. is the inaugural national trust charter scoped to a stablecoin issuer, giving USDC a federally supervised fiduciary home before the stablecoin regime goes…
The OCC charter lets Circle sit alongside the regulated US banks holding digital assets in custody, formalising the legitimacy that issuers have spent the last three years arguing USDC already has.
The Wisconsin criminal complaint is unusual: it targets a stablecoin issuer's refusal to act on a fraud recovery request, not a stablecoin depeg or reserve shortfall.
The complaint alleges Circle failed to comply with a court order to recover stolen assets, the first known criminal action against a major USDC issuer for refusing a freeze request.
Standard Chartered and BNY are now minting and custodying USDC, while European lenders race to launch a euro alternative before dollar-backed tokens anchor the next settlement layer.
The exchange helped build USDC and now sits on the steering committee of a consortium whose stablecoin is positioned to compete with it, exposing a structural conflict that Circle cannot ignore.
The headline vote reads upbeat, yet Paxos's 2024 run at the same model landed at ~$3B in supply against USDC's $73B. The partner list, not the policy, is where this story actually lives.
Coinbase helped turn USDC into crypto's default dollar, but a 140-firm consortium promising zero-fee minting and yield to distributors gives its biggest partner a stake in a rival model exactly when…
Cathie Wood's Ark added to its CRCL position on a single session that saw the stock slide another 1%, with the broader selloff tied to the launch of a competing stablecoin.
Circle controls roughly 25% of a $300B stablecoin market, but a Stripe- and Coinbase-backed rival with 140 participants now threatens the distribution moat CRCL built in its first seven years.
Allaire's critique lands as a growing roster of banks and payment giants chase a single shared token, the exact structure he says has a dismal track record at achieving product-market fit.
The 140-company Open USD consortium, with Coinbase as a launch partner, looks like the first credible threat to USDC's distribution moat, and Circle still rates a $190 target.
The Russell reconstitution is the second blow in a week: passive selling pressure stacks on top of Open Standard's new alliance stablecoin, and CRCL is now trading around $62.
Treasury mints above $50B in fresh USDC supply this year already, and the cadence points squarely at institutional settlement demand rather than retail speculation.
The drawdown is a sentiment shock, not a structural one, and a top-rated analyst is still calling the post-print dip a buy, with management welcoming rather than fighting the new rival.
The selloff prices in a credible challenger, but analysts point to Paxos USDG's stalled traction and the structural difficulty of consortium economics as reasons to read the threat as overstated.
Cathie Wood's flagship fund added exposure to four crypto-adjacent equities in a single session, with Coinbase and Circle taking the bulk of the buy.
The $3B USDC injection into Circle's first-party Wall Street blockchain signals a strategic pivot from Coinbase dependency, but the partnership strain could reshape stablecoin settlement rails.
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