Circle

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DeFi Powerhouses Curve and Aave Deploy on Avalanche to Profit from Incentives

Incentives work. Or at least they do in terms of wooing DeFi protocols to deploy on other blockchains.  Case in point, Curve Finance, the automated market maker, and Aave, the leading DeFi lending project, have each deployed their offerings on Avalanche as a part of the blockchain’s $180M incentive program called Avalanche Rush.  It’s the …

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Startup Icon AngelList Embraces DeFi by Opening Site to USDC

Add AngelList to the ever-lengthening list of mainstream tech outfits going crypto. On Tuesday it started letting investors use USDC-enabled funds on its site.  It’s a significant move. For the last decade, AngelList’s online bulletin board for angel investors and job-seekers has made it a valuable utility in the U.S. startup scene by playing matchmaker …

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DeFi Market Stabilizes After White Knuckle Drops Monday

Crypto markets Tuesday morning appeared to be shaking off gut-wrenching falls in the last 24 hours. At one point Monday, At one point, ETH nosedived 2.8% in an hour. Ethereum was up 0.5% in trading at 7:15 AM, according to CoinGecko data.  Cardano increased 0.4% and Solana, Avalanche and Chainlink were flat. So, too, was …

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Circle Dials Back Risk in USDC Reserves Ahead of Going Public

Corporate debt is no longer good enough for Circle, the blockchain powerhouse. That’s the upshot of a move Circle announced on Sunday as it unveiled a rebalancing of the reserves that support USDC, it’s widely used stablecoin. Circle, a peer-to-peer payment platform powered by blockchain technology, will now solely use cash and short-duration U.S. Treasury …

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Circle To Go Public in Q4 at $4.5B Valuation

DeFi’s most popular stablecoin issuer is going public. Circle, which issues the USDC stablecoin, announced its plans yesterday to go public in Q4 of this year through a special purpose acquisition company (SPAC). The deal will happen with Concord Acquisition Corp. and Circle will trade under the ticker symbol CRCL with the transaction valuing the …

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