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Co-Creator Of $27 Billion USDC Stablecoin Reveals Plans To Become A Full-Reserve National Commercial Bank

Fresh off the announcement of a SPAC merger deal, USDC issuer Circle is setting sights on becoming the industry’s first full-reserve national commercial bank.
Co-Creator Of $27 Billion USDC Stablecoin Reveals Plans To Become A Full-Reserve National Commercial Bank
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Despite Regulatory Scrutiny Of Stablecoins, Mastercard Joins Visa In Offering Crypto-Friendly Payment Services

Electronic payments companies Visa and Mastercard are racing to cater to crypto companies in an effort to capture the emerging market despite growing headwinds facing stablecoins.
Despite Regulatory Scrutiny Of Stablecoins, Mastercard Joins Visa In Offering Crypto-Friendly Payment Services
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USDC Stablecoin Developer Circle To Go Public Via SPAC Deal At $4.5 Billion Valuation

Circle, principal developer of the second largest stablecoin USD Coin (USDC), is going public via a merger with Concord Acquisition Corp, a publicly traded special purpose acquisition company led by former CEO of Barclays Bob Diamond.
USDC Stablecoin Developer Circle To Go Public Via SPAC Deal At $4.5 Billion Valuation
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These Are The 12 Biggest Fundraising Rounds In Crypto And Blockchain History

As bitcoin continued to shatter records through the last few months, over $1 billion worth of funding flowed into leading companies in the crypto and blockchain space. Solana’s nine-figure private placement token sale is the fourth biggest round in history.
These Are The 12 Biggest Fundraising Rounds In Crypto And Blockchain History
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IRS Is Catching Crypto Tax Cheats Via John Doe Summons

When John Doe summons are issued, exchanges are legally required to release your information to the IRS.
IRS Is Catching Crypto Tax Cheats Via John Doe Summons
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IRS Gets Court Approval For Cryptocurrency Summons For Circle, Poloniex Customers

A court order allows the IRS to serve a John Doe summons on Circle and affiliates, including Poloniex. The goal is information about taxpayers who conducted at least $20,000 worth in cryptocurrency transactions during 2016 to 2020. It's a useful reminder that the IRS wants crypto taxes in a big way.
IRS Gets Court Approval For Cryptocurrency Summons For Circle, Poloniex Customers
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The Value of Circulating USDC Reaches to $3 Billion

This week saw the regulated stablecoin broke through the milestone and manages to reach the $1 trillion mark in a few years.
The Value of Circulating USDC Reaches to $3 Billion
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Biden Admin Possibly to Favor Cryptocurrencies, Circle CEO Believes

Jeremy Allaire - CEO and founder of the digital currency firm Circle - believes that it is possible for the Biden administration to maintain supportive attitude towards crypto and can deliver benefits to the US.
Biden Admin Possibly to Favor Cryptocurrencies, Circle CEO Believes
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ICoinTime|A New Function of Circle Aims to Compete with DeFi

High yields and frequent interest payments on Circle's business accounts may aim to compete with DeFi protocols.
ICoinTime|A New Function of Circle Aims to Compete with DeFi
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Ethereum 'Killer' Solana Adds USDC Stablecoin in DeFi Push

USDC, which is already on the Ethereum and Algorand blockchains, is headed to Solana, which now has another way of getting in on DeFi.
Ethereum 'Killer' Solana Adds USDC Stablecoin in DeFi Push
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