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Circle, a stablecoin platform and issuer of the USDC coin, has officially filed for IPO, according to a new SEC filing Tuesday. The platform enlisted the help of two of the largest investment banks, JPMorgan and Citi, earlier this week in underwriting the IPO. JUST IN: Circle $USDC stablecoin issuer files for IPO. — Watcher.Guru (@WatcherGuru) April 1, 2025 Circle announced in January 2024 that it was relaunching its plans to go public after delaying a planned IPO in December 2022. The company sent its S-1 registration form to the SEC on Tuesday. Although we are just three months into the year, 2025 has been a fantastic year for cryptocurrencies. Indeed, the asset class has been a focus for the returning US President, Donald Trump. Moreover, he has paid close attention to stablecoins specifically, calling on Congress to forward favorable legislation for the asset class. This is the primary reason for a company like Circle looking to finally go public with its IPO. When the filing is co...

Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil. In a new blog post, the payments platform says that it will now be offering local bank transfers via PIX and SPEI – the respective national real-time payment systems of Mexico and Brazil – eliminating the need for slow international wires. “Eliminating international wires can drastically reduce the time it takes to access USDC – from days to just minutes, releasing capital trapped in the lengthy settlement processes. Circle offers access to USDC directly from Brazilian Reais (BRL) and Mexican Pesos (MXN) at competitive rates, thereby avoiding the necessity of having to convert local fiat currency to USD before accessing USDC. This allows businesses to save on cost and benefit from the use of digital dollars in their operations.” According to Circle, the addition of USDC to PIX and SPEI will help Latin America in terms of boosting busines...

USD Coin (USDC) stablecoin issuer Circle has update d its stablecoin to version 2.2. According to a new blog post via Circle, six new changes to the stablecoin smart contract will be implemented in version 2.2 for each supported Ethereum Virtual Machine (EVM) blockchain. “Starting today, we’ll begin a phased rollout of the v2.2 upgrade to USDC and EURC on testnet and mainnet for each supported blockchain, which we plan to complete over the next few months.” Circle The update brings many changes including improved gas efficiency, support for account abstraction and smart contract wallets, and increased currency resilience when dealing with forks. You might also like: Circle launches USDC and EURC faucets to support dev activity Most changes also reduce transaction costs for specific functions. Specifically, the update should improve the performance of the denylist checking feature, which allows Circle to determine which wallets can make transactions a...

A total of five crypto companies end their partnership with Silvergate bank on March 2 after a series of lawsuits and investigations against the fintech bank. The popular fintech bank Silvergate Bank lost five crypto partners on March 2, owing to a slew of investigations and lawsuits against it. Coinbase, Paxos, Gemini, BitStamp and Galaxy Digital were some of the most notable crypto firms that were using Silvergate as their banking partner. However, the termination of service by Coinbase has also forced a crypto hedge fund to look for an alternate banking partner. Today Silvergate has lost Coinbase Circle Paxos Galaxy CBOE RIP https://t.co/XlexB5u2wD — db (@tier10k) March 2, 2023 On March 3, a crypto hedge fund called Digital Asset Capital Management (DACM) with assets worth over $400 million announced they are looking for a new banking partner in Switzerland post Silvergate chaos. DACM used Silvergate’s real-time network to move funds to and from Coinbase Global Inc.’s pl...