Cryptocurrency Market

Cryptocurrency Market

Menu
  • Market Cap: $2,416,006,022,487.09
  • 24h Vol: $58,938,025,365.36
  • BTC Dominance: 56.54%

Jeremy Allaire

circle-partners-with-cross-river-bank,-handful-of-us-‘crypto-friendly’-banks-remain;-okcoin-suspends-usd-deposits

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Leave a Comment / ACH, banking partner, banking partners, Banking system, Bankprov, Bitcoin, bridge banks, Circle Financial, Coinbase, corporate funds, Cross River Bank, Crypto Hacked, crypto industry, crypto-friendly banks, Cryptocurrency, Customer Funds, Customers Bank, deposits, Ethereum, Evolve Bank & Trust, FDIC, federal bailout, First Foundation Bank, Jeremy Allaire, Joe Biden, Larry Cermak, nation, new banking partners, News, OKcoin, Parity, Quontic bank, Reassurance, scramble, Signature Bank, Silicon Valley Bank, Stablecoin, Sutton Bank, U.S. exchange, U.S. Federal Reserve, U.S. president, US Dollar, USD, USDC, wire transfers / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire emphasized. Crypto Firms Scramble for […]

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits Read More »

usdc-stablecoin-nears-parity-with-usd-after-fed’s-bailout-announcement

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

Leave a Comment / Bitcoin, BNY Mellon, Circle CEO, Crypto Hacked, crypto swaps, Cryptocurrency, DAI, depegging, Economy, Ethereum, Fed, Federal Reserve, Financial regulators, fractional banking system, FRAX, Global Trade Volume, GUSD, Jeremy Allaire, liquidity operations, LUSD, market confidence, Market Values, minting, News, potential, public statement, redemption, reserves, risks, SEN network, Settlements, Signature Bank, Signet, Silicon Valley Bank, Stability, Stablecoin, Twitter, US Central Bank, USD, USDC, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank.

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement Read More »