According to official news, Circle announced the launch of Circle Mint in Singapore, providing zero-fee USDC minting and redemption services to Singaporean customers. Fiat funds in users’ bank accounts can be instantly and automatically converted to USDC, and Circle Mint complies with MAS regulations. It is reported that Circle Singapore obtained the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) in June this year.

Odaily Planet Daily News According to official news, Circle announced the establishment of Circle Research, aiming to accelerate and expand technological innovation in the fields of cryptocurrency, blockchain and Web3 through open source research. In addition, Circle Research launched a smart contract code library called Perimeter Protocol as an open source foundation for building a tokenized credit market. The protocol can support a variety of credit use cases, including invoice factoring, salary advances, instant settlement for merchants, and credit transactions for institutional investors; its white paper is public and developers can freely copy the code base and build products on top of it.

Odaily Planet Daily News Circle CEO Jeremy Allaire posted on the X platform: "We will announce and launch some cool things at the Circle Forum in New York. " According to previous news, Circle submitted an amicus brief in response to the U.S. SEC’s case against Binance and stated that financial transaction laws should not be extended to stablecoins whose values ​​are linked to other assets. Circle believes that U.S. dollar-pegged assets such as BUSD and USDC cannot constitute securities, in part because its users do not expect to make any profit from their purchases. Circle said in the filing that payment stablecoins themselves do not have the basic characteristics of investment contracts, meaning they do not fall within the SEC’s jurisdiction.

The Stargate DAO community voted to add Circle's euro stablecoin, EUROC, to Stargate to increase the number of users, transactions, and volume. The EUR/USD currency pair accounts for approximately 20% of Forex trading volume. The poll has closed with 95.25% approval.

Circle’s euro stablecoin EUROC is listed on Avalanche, and developers can integrate with the Euro Coin smart contract on Avalanche. The Circle team stated that the launch is part of their multi-chain strategy for EUROC.

Coinbase announced the postponement of the listing of Euro Coin (EUROC). According to the latest information, if the liquidity conditions are met, the transaction will start at or after 1:00 on February 28th, Beijing time. Foresight News previously reported that Coinbase previously planned to launch the euro stable currency EUROC at 1:00 on February 23, Beijing time.

Coinbase will list the Euro stablecoin Euro Coin (EUROC). If the liquidity conditions are met, trading will begin at 1:00 on February 23, Beijing time. If sufficient asset supply is established, EUROC-USD and EUROC-EUR trading pairs will be opened for trading in stages. Coinbase only supports EUROC on the Ethereum network, and EUROC transactions may be restricted in some jurisdictions. Launched by Circle on Ethereum on June 30, the euro stablecoin EUROC is 100% backed by euro-denominated reserves and convertible into euros at a 1:1 ratio.

Circle released its annual USDC report. Since the launch of USDC in 2018 to December 2022, more than 213 billion USDC have been redeemed. The principles followed by USDC include: 1. About 80% of USDC reserves are held in 3-month U.S. Treasury bonds. By the end of January 2023, these reserves will be transferred to the Circle Reserve Fund, 100% owned by Circle, which is managed by BlackRock and hosted by Bank of New York Mellon; 2. About 20% of USDC reserves are in cash Hold; 3. USDC reserves are held in segregated accounts; 4. Circle is a financial infrastructure company whose business model is to minimize risk and not take risks.

According to Blockworks, a Circle spokesperson said that its yield product, Circle Yield, no longer accepts new loans after repaying customers. A Circle representative said it has repaid all outstanding customer loans, returning all principal and interest to all Circle Yield customers. As of Nov. 16, Circle Yield had $2.6 million in total customer outstanding loans, according to a previous tweet from the company.