Circle

After a hack on Binance, stablecoin issuers Tether and Circle froze portions of customer funds. The measure is intended to secure potentially compromised assets and protect the crypto industry from further spread of the attack. The news triggered alarm across the sector. » More on faz.net

Circle, issuer of the USDC stablecoin, recorded a pronounced price jump on September 18 after a regulatory clarification in the EU and deeper integration into traditional finance. USDC's transparent reserves and high liquidity increase its appeal to institutional and retail investors. Strategic partnerships with payment providers and fintech companies consolidate Circle's position in the crypto and DeFi ecosystem. » More on finanzen.net

Circle unveiled Arc, a general-purpose blockchain and "economic operating system" to support payments, tokenized markets, lending, trading and commerce. BlackRock and Visa are among Arc's first validators, and Circle is integrating its payments network and FX settlement into the chain. Transaction fees on Arc will be paid in USDC as Circle seeks to diversify amid growing stablecoin competition and plans for a bank-backed rival; CRCL shares are down about 36% over the past 12 months. » More on finance.yahoo.com