SPAC Concord, chaired by former Barclays CEO Bob Diamond, has canceled USDC's Circle acquisition deal worth USD9 billion.

Circle, which owns one of the most popular stablecoins – USDC, has made changes to its financial forecasts due to the automatic conversion of USDC into BUSD stablecoin and the risks after the collapse of FTX, outlining them in a new document for the Securities and Exchange Commission.

Circle and Paxos can now officially conduct transactions with their stablecoins, as well as other digital payment tokens in Singapore.

The euro-backed stablecoin will launch on Solana in the first half of 2023, Circle reported.

On June 30, Circle provided a financial report according to which USDC reserves amounted to $55.7 billion. Of these, $42.12 billion were US…

Circle Internet Financial has announced the launch of a fully reserved stable coin EUROC, which is pegged to the euro.