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Circle is set to launch its U.S. Dollar-pegged stablecoin , USDC, on the Celo blockchain network . Initially a standalone blockchain network , Celo is transitioning to become a part of the Ethereum network as a Layer 2 scaling solution, aiming to improve its performance and capacity. 1/ Native $USDC is coming to @Celo! Celo is a mobile-first and EVM-compatible blockchain network that’s built for the real world and designed for fast, low-cost payments worldwide. Explore what native USDC on Celo means for the ecosystem. https://t.co/ctUn9yWLDb — Circle (@circle) January 30, 2024 “Circle is proud to join the mission-driven Celo ecosystem as a blockchain that’s known for providing fast, low-cost payments worldwide,” Shamus Noonan, Senior Manager of Business Development at Circle, said in a statement. “This partnership will help broaden access for USDC and leverage Celo’s mobile-first user-base in regions where blockchain adoption is highest....

Circle has announced the launch of two new products enabling web2 developers to create and deploy decentralized applications easily. The Circle Gas Station and Circle Smart Contract Platform products will provide developers a way to access USDC balances and transactions on multiple blockchain networks. The product will support multiple blockchain networks, including Ethereum (ETH), Solana (SOL), Algorand, Stellar, and others, allowing developers to choose the best fit for their use cases. The product will also enable cross-chain interoperability and composability, enabling dapps to interact with each other and existing protocols in the decentralized finance (defi) ecosystem. You might also like: Circle partners with Coins.ph over Philippines expansion Circle Smart Contract Platform is a product that allows developers to write and deploy contract s that implement the business logic and rules of their dapps, using familiar languages such as JavaScript, Python, or Ruby. Th...

Fintech firms Circle and Mercado Pago have announced a strategic alliance to introduce the USDC stablecoin to Chilean customers. A U.S. payment company, Circle and the biggest online payment platform in Latin America, Mercado Pago, announced a strategic collaboration to introduce the USDC stablecoin to customers in Chile on Aug. 29. This collaboration comes at a time when Chile, along with other countries in the region, is grappling with economic instability and heightened inflation rates. “Amidst the ongoing economic turbulence, the U.S. dollar stands as a beacon of financial stability,” stated Matías Spagui, senior director at Mercado Pago. The main goal of the partnership is to “diversify access to cryptocurrencies,” giving people a financial instrument to manage their wealth. 1/ Catch insights from @waichi3 & Spencer Spinnell (VP, Americas) as they detail the opportunities that #Web3 & digital dollars like $USDC bring to communities & #devs ...

Back during the crypto bull run of 2021, Circle announced its plans to become a public company through a merger via a special purpose acquisition company (SPAC). But last December 2022, Circle CEO Jeremy Allaire said that they “did not complete the SEC qualification in time”. However, Circle executives told earlier this year that going public was a key part of the company’s strategy. But the company is still not sure on the timeline of its public listing. Speaking to Blockworks, a company spokesperson added: “We are not prepared to put a specific deadline on the decision, but we will be taking steps to continue our journey to go public as soon as practicable”. Also, a job posting by circle , looking for corporate counsel hints at these plans. The job description reads: The professional would be tasked with “assisting with potential going public SEC process” as well as “supporting the building out of our public company policies, practices and processes”. ...