Circle preps $1B war chest to deal with market threats from PayPal and others By Cointelegraph

[ad_1]

Stablecoin issuer Circle has a $1 billion money reserve pegged as insurance coverage towards a declining market capitalization and recent competitors from the standard finance and know-how industries, mentioned CEO Jeremy Allaire.

In an interview with Bloomberg, Allaire revealed the struggle chest and shared his views on the uptick in competitors from organizations comparable to PayPal (NASDAQ:) which might be new to the stablecoin house:

Circle preps $1B war chest to deal with market threats from PayPal and others By Cointelegraph

US manufacturing output increases in March; February data revised higher

AbbVie to spend $1.9B for long acting injectables (NYSE:ABBV)

‘Febrile’ excitement helping early stage AI keep pace with the U.S.

Johnson & Johnson (JNJ) earnings Q1 2024

Leave A Reply Cancel Reply

Circle preps $1B war chest to deal with market threats from PayPal and others By Cointelegraph

Related Posts

US manufacturing output increases in March; February data revised higher

AbbVie to spend $1.9B for long acting injectables (NYSE:ABBV)

‘Febrile’ excitement helping early stage AI keep pace with the U.S.

Johnson & Johnson (JNJ) earnings Q1 2024

Leave A Reply Cancel Reply