
April 18th, 2025
In an announcement made by Circle on Monday, the organization reveals that it is planning to expand its work scale by evolving into a full reserve national commercial bank.
Earlier, the co-founder and CEO of Circle Jeremy Allaire lauded the deal between Circle and Crypto.com, saying that this partnership will fuel crypto adoption globally.
The two players will work on helping businesses to accept crypto payments at their end. Mastercard will leverage Circle’s USDC stablecoin to facilitate instant settlement at their end.
The company will now offer a special facility where clients can use their Mastercard to conduct crypto transactions.
The firm revealed the plans on Thursday, noting that the deal will value Circle at an enterprise value of $4.5 billion.
Marshall Wace was involved in Circle’s $440 million fundraising round, which ended in May, and has recently been hiring staff to build a team to work with the cryptocurrency sector, according to the article.
According to Messari, USDC is all set to become the next governing stablecoin on Ethereum due to its rising popularity on DeFi.
USDC multichain capability will allow the speed, scalability, and cost-effectiveness of the next-gen public chains.
A recent survey by Maps.me revealed that about half of its users were interested in in-app financial services. At present, over 220,000 are on a waiting list for a digital wallet.
Six Clovers will be challenging the traditional SWFT banking systems by offering decentralized modern financial infrastructure solutions that can move money across the globe in the blink of an eye.
FUSD is the first fiat-backed stablecoin and ERC-20-like token on the Flow blockchain.
The Uniswap version 3.0 brings along the concept of Concentrated Liquidity resulting in better capital efficiency for liquidity providers.
By teaming up with Visa, Tala will allow all its customers using its native digital wallet to spend Circle’s USDC stablecoin across 70 million Visa-registered merchants.
SEBA bank offers a seamless, secure, and accessible bridge between digital assets and traditional or real-world assets.
Like Tesla, WeWork said that it would be showing crypto on its balance sheet. The company added that it would pay landlords and third-party partners with crypto.