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USDC (cryptocurrency)
USDC is a cryptocurrency stablecoin which is issued by Circle. It is pegged to the United States dollar, and is distinct from a central bank digital currency (CBDC). Usage USDC operates as an Ethereum ERC-20 token and is also available on several other blockchain platforms such as Base and Polygon. Visa initiated a pilot program in 2023 to send USDC via the Solana blockchain to payment firms Worldpay and Nuvei, who could then transfer payment to merchants. Assets and reserves Until mid-2021, Circle stated that each USDC was backed by either one U.S. dollar in reserve or by other "approved investments", though the specifics of these investments were not disclosed. In June 2021, Circle updated its website wording from "backed by US dollars" to "backed by fully reserved assets". As of 2020, USDC reserves were regularly attested (but not audited) by Grant Thornton, LLP, and as of 2021, the monthly attestations could be found on the Centre Consortium's website. In Decemb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Circle (company)
Circle Internet Group, Inc., doing business as Circle, is a peer-to-peer payments technology company that now manages the stablecoin USD Coin, USDC, a cryptocurrency the value of which is Fixed exchange rate system, pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle was founded and headquartered in Boston, Massachusetts, but is currently headquartered in New York City. USDC, the second largest stablecoin worldwide, is designed to hold at or near a stable price of $1. The majority of its stablecoin collateral is held in short-term U.S. government securities. Funding The company has received over million in venture capital from 4 rounds of investments from 2013 to 2016, including million led by Goldman Sachs. In April 2015 ''The New York Times'' reporter Nathaniel Popper wrote that the Goldman Sachs investment "should help solidify Bitcoin’s reputation as a technology that serious financial firms can work with." In June 2016, Ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Visa Inc
Visa Inc. () is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa does not issue cards, extend credit, or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through SpringerLink. In response to competitor Master Charge (now Mastercard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2018 Establishments
Eighteen or 18 may refer to: * 18 (number) * One of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * 18 (film), ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * Eighteen (film), ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (Dragon Ball), 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a List of 12 oz. Mouse episodes#ep17, 2006 episode of the animated television series ''12 oz. Mouse'' Science * Argon, a noble gas in the periodic table * 18 Melpomene, an asteroid in the asteroid belt Music Albums * 18 (Moby album), ''18'' (Moby album), 2002 * 18 (Nana Kitade album), ''18'' (Nana Kitade album), 2005 * ''18...'', 2009 debut album by G.E.M. * 18 (Jeff Beck and Johnny Depp album), ''18'' (Jeff Beck and Johnny Depp album), 2022 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethereum Tokens
Ethereum is a Decentralization#Blockchain technology, decentralized blockchain with smart contract functionality. Ether (ISO 4217#Cryptocurrencies, abbreviation: ETH) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by Computer programming, programmer Vitalik Buterin. Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin (entrepreneur), Joseph Lubin. In 2014, Software development, development work began and was Crowdfunding, crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on Financial intermediary, financial intermediaries like brokerages, Exchange (organized market), exchanges, or banks. This facilitates b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stablecoins
A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency. In theory, 1:1 backing by a reference asset could make a stablecoin value track the value of the peg and not be subject to the radical changes in value common in the market for many digital assets. In practice, stablecoin issuers have yet to be proven to maintain adequate reserves to support a stable value, and there have been a number of failures with investors losing the entirety of the (fiat currency) value of their holdings. Background Stablecoins have several purported purposes. They can be used for payments and are more likely to retain value than highly volatile cryptocurrencies. In practice, many stablecoins have failed to retain their "stable" value. Stablecoins are typically non-interest bearing and therefore do no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeremy Allaire
Jeremy D. Allaire (born 13 May 1971) is an American technologist and Internet entrepreneur. He is CEO and founder of the digital currency company Circle and chairman of the board of Brightcove. With his brother JJ Allaire, he is a co-founder of the Allaire Corporation in 1995, which had an IPO in January 1999 and was acquired by Macromedia in 2001. Allaire was chief technology officer (CTO) of Macromedia after the acquisition and helped develop the Macromedia MX platform (a suite of software tools and servers aimed at enabling rich applications delivered using Flash Player). Allaire left Macromedia in February 2003 to join venture capital firm General Catalyst as a technologist and executive-in-residence. In 2004, Allaire founded Brightcove, an online video platform used by many media and marketing organizations worldwide. After a successful IPO in early 2012, Allaire stepped down as CEO in 2013, and is now chairman. In October 2013, Allaire announced the launch of Circle, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock exchange in the world by market capitalization, exceeding $25 trillion in July 2024. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (ticker symbol ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. According to a Gallup, Inc., Gallup poll conducted in 2022, approximately 58% of American adults reported having money invested in the stock market, either through individual stocks, mutual funds, or 401(k), retirement accounts. __FORCETOC__ History The earliest recorded organization of Security (finance), securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, secu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collapse Of Silicon Valley Bank
On March 10, 2023, Silicon Valley Bank (SVB) failed after a bank run, marking the third-largest bank failure in United States history and the largest since the 2008 financial crisis. It was one of three bank failures, along with Silvergate Bank and Signature Bank, in March 2023 in the United States. Seeking higher investment returns from its burgeoning deposits, SVB had dramatically increased its holdings of long-term securities since 2021, accounting for them on a hold-to-maturity basis. The market value of these bonds decreased significantly through 2022 and into 2023 as the Federal Reserve raised interest rates to curb an inflation surge, causing unrealized losses on the portfolio. Higher interest rates also raised borrowing costs throughout the economy and some Silicon Valley Bank clients started pulling money out to meet their liquidity needs. To raise cash to pay withdrawals by its depositors, SVB announced on Wednesday, March 8 that it had sold over US$21 billion wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. The total capitalization of stock markets or eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tether (cryptocurrency)
Tether, often referred to by its currency codes USD₮ and USDT, is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. It is pegged to the United States dollar, and is distinct from a central bank digital currency (CBDC). As of 1 August 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves. In the second quarter of 2024, the company achieved profit of $1.3 billion, contributing to a total profit of $5.2 billion for the first half of the year. Tether Limited also disclosed a net equity of $11.9 billion, and the stablecoin's market capitalization exceeded $114 billion. Tether is the largest cryptocurrency in terms of trading volume, holding 70% of the market share among stablecoins. In 2019, it surpassed bitcoin to become the most traded cryptocurrency globally. As of July 2024, Tether has more than 350 million users worldwide. Tether Limited is owned by iFinex, a company based in the British Virgin Islands which al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tron (cryptocurrency)
Tron (stylized as TRON) is a decentralized, proof-of-stake blockchain with smart contract functionality. The cryptocurrency native to the blockchain is known as Tronix (TRX). It was founded in March 2014 by Justin Sun and, since 2017, has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore, established in the same year. It is open-source software. Tron was originally an Ethereum-based ERC-20 token, which switched protocol to its own blockchain in 2018. On some cryptocurrency wallets, users can't withdraw their funds until they have enough amount for the network fee. Tron has been criticised for enabling organized crime, with the Wall Street Journal stating in 2025 that it is a "popular channel for crypto’s criminal fraternity to move funds" and responsible for "more than half of all illegal crypto activity" in 2024, with the United Nations Office on Drugs and Crime calling it a “preferred choice for crypto money launderers” in A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
