Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Raffles Family Office targets Asia’s stablecoin billionaires with new wealth management services
Raffles Family Office's focus on Asia's stablecoin billionaires highlights the growing need for tailored financial services in the...
Circle shareholder sues Trump over UAE crypto deals, citing up to $82 million in potential annual revenue
A Circle shareholder sued President Donald Trump, alleging UAE-linked cryptocurrency payments enriched his family and diverted bus...
HSBC Launches RedCoin Stablecoin and Plans to Let Customers Buy Tokenized Funds With It
HSBC put its first stablecoin, a Hong Kong dollar token called HSBC RedCoin (ticker RCHKD), on its PayMe payments app on Oct. 23,...
Chainlink Expands LG Tech Arm Tie-Up Into Formal Partnership on Korean Stablecoins
Chainlink and LG CNS, the technology arm of South Korea’s LG Group, announced a strategic partnership on Oct. 22, widening a relat...
Circle Gateway Adds Bitcoin And Euro Balances With cirBTC And EURC
Circle is taking its cross-chain balance service beyond USDC. The company announced on October 23 that Gateway now supports its wr...
Bank of Korea Wants Stablecoins Written Into Forex Law as Crypto Bill and Tax Fight Come to a Head
Bitcoin Magazine Bank of Korea Wants Stablecoins Written Into Forex Law as Crypto Bill and Tax Fight Come to a Head The Bank of Ko...