1/ Breaking major news from US Treasury OCC, the largest US banking regulator (@USOCC), with new guidance allowing US banks to use public blockchains and dollar stablecoins as a settlement infrastructure in the US financial system. occ.gov/news-issuances/news-…

I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL! 12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up natively on the internet.  Our mission – to raise global economic prosperity through the frictionless exchange of value – has animated our work ever since. When we founded the company, I told every employee and every investor that this was a multi-decade opportunity, and that I sought to build a deeply lasting internet technology platform.  Now, just over a decade in, we are just starting to realize our early vision. Our transformation into being a public company is a significant and powerful milestone – the world is ready to start upgrading and moving to the internet financial system. From inception, we have been deeply focused on being trusted, transparent, compliant, ethical and well governed. Holding ourselves to the high standards of the NYSE and SEC rules and regulations further deepens those attributes.    To every single person, project and firm who’s been part of this journey, thank you.  I am humbled and deeply grateful.  This is not only a moment for each of us personally, I believe it's a significant moment in the future development of our global economic system as it inexorably synthesizes with the internet.

Update thread on USDC We were heartened to see the US government and financial regulators take crucial steps to mitigate risks extending from the fractional banking system. 100% of deposits from SVB are secure and will be available at banking open tomorrow.

Sharing an Update on USDC and Silicon Valley Bank. circle.com/blog/an-update-on…

White House Exec Order and U.S. Government Strategy for Digital Assets -- a thread with thoughts; TLDR = this is a watershed moment for crypto, digital assets, and Web 3, akin to the 1996/1997 whole of government wakeup to the commercial internet. (1/7)

BREAKING NEWS:  Circle and Binance have entered into a strategic partnership that will accelerate global USDC and crypto adoption.  The world’s largest exchange and crypto super app and the world’s largest trusted and compliant dollar stablecoin operator are coming together to work on the next phase of stablecoin and crypto adoption. Today, Binance CEO @_RichardTeng and I joined together on-stage in Abu Dubai Finance Week to announce our new and groundbreaking strategic partnership. Through this partnership, Binance will make USDC more extensively available across their full suite of products and services, ensuring that their more than 240M global users are able to seamlessly access and use USDC for trading, saving and payments applications. I’m also excited to share that Binance will adopt USDC as a vital dollar stablecoin for their own corporate treasury, demonstrating that one of the most sophisticated onchain treasury operations is putting their full faith behind USDC as a digital dollar for storing and moving value. Through our collaboration, Circle will provide Binance with a range of technology, liquidity and other tools for Binance users to benefit from the trust and innovation that Circle has built for USDC. We will also be coming together to work on products and partnerships that advance the use of stablecoins and crypto infrastructure in everyday finance and commerce all around the world. I have long admired Binance for their relentless commitment to product quality, innovation and user-centricity, which shows in their massive and loyal global community of more than 240M users.  As a comprehensive service that spans investing, trading, saving, storing and payments, Binance is truly one of the world’s largest and most open financial superapp’s in the world.  And I look forward to being a close partner as they scale to 1B+ users in the coming years. As Binance itself becomes one of the most widely regulated global exchanges, and continues to invest in robust compliance and risk management infrastructure, the marriage of the largest and fastest growing compliant stablecoin with their global platform marks a major and material shift in the emerging crypto market structure as we enter 2025. There will be much to come from this partnership spanning products and how we bring our combined capabilities to the market. We look forward to sharing it all with you in the weeks, months and years ahead! Jeremy Tune in now: nitter.app/i/spaces/1rmxPoX…

BREAKING NEWS: US @federalreserve and @USTreasury announce that US Government will adopt USDC as new Dollar Digital Currency standard, accelerating US role in global digital currency.

I’m more bullish than I have ever been about crypto. I have been building @Circle for over 11 years, and at no time have I been more optimistic than right now. I also believe that the overwhelming majority of people have an extremely narrow and limited understanding of what’s unfolding. And that’s super bullish too. This post explains why I am so optimistic. My perspective here draws on closely watching internet technology adoption life cycles over the past ~35 years. We’ve seen an unrelenting march of open networks, open protocols and open software, with layer upon layer of infrastructure on the internet that deepens its utility for society and the economy. Each successive wave has transformed major industries, improving utility for people, inverting or transforming unit economics, and opening up radical new possibilities. The collective contribution of open IP to this ongoing internet revolution actually appears to be accelerating, and crypto seems like it's on the cusp of catapulting society and the economy forward in tremendously powerful new ways. 11+ years ago when Sean and I were thinking about this space, it was totally apparent that crypto represented the next logical layer of infrastructure for the internet. Internet infrastructure had enabled frictionless, nearly free movement of data and seamless ability to connect and deploy software and hardware on a global network, and it was clearly struggling with its own success and weight. The internet lacked a layer for trust, and without that it was capped in terms of the utility it could provide to the world. There was no way to have fully trusted data, transactions or compute, which led to deepening dependencies on hyper centralized entities (corporate and government). At the same time, the role of the internet in society was proliferating, and the ability of the internet to play a larger and larger role in how society and the economy were organized was apparent. And it was right at this moment that Bitcoin burst onto the scene, and a ton of incredibly sharp technologists began to think more deeply about how the fundamentals of crypto could be expanded to provide a more generalized internet infrastructure that could be foundational to society and the economy. Digital tokens, issued on public blockchains, intermediated by smart contracts could unleash a trusted environment on a global scale that would be the foundation of how nearly all of the building blocks of society and the economy could become internet-native. This is what drew me into this space; I could see clearly then that this would unfold, that these new decentralized internet computers would achieve scale, and that it would ultimately usher in a wave of change that far exceeds the kinds of changes we’ve seen from the internet of information and communications. In 2013, these ideas were considered insane. Any affiliation with Bitcoin or crypto was viewed as highly fringe, probably illegal, and for most technologists, a largely uninteresting technology development. Back then, the technology was extremely limited, slow, expensive, complex to operate. Fiduciary institutions – banks, accounting and audit firms, insurance companies, regulators – were extremely hostile and deeply terrified to be associated with anything in this space. The primary focus of the media was on darknet markets, the silk road, and the winklevoss twins BTC purchases. But if you actually paid attention to what mostly young and highly creative builders were thinking about and doing, you could see clearly that the bigger vision was going to unfold, though over what exact time-scale it was not clear. For those of us who have been building and working in this space since 2012 (and many from even earlier!), it’s totally and utterly extraordinary where we are at now. And, as I like to say often, we are truly only in the very early stages of the adoption of crypto in the world, which makes me insanely bullish today, given how far we’ve come in the past decade. How far have we come? A non-exhaustive list of accomplishments and technical progress. Public blockchain infrastructure has evolved into its 3rd generation, providing global scale network computers that can handle large scale applications with trusted data, transactions and compute. There is a massive, thriving and growing competitive and innovative community of dozens of major blockchain network ecosystems, all around the world, that are constantly improving and innovating in the fundamental technology of these networks including in data availability, compute, security, privacy, transaction throughput, and so much more. We are at the early broadband stage of blockchain networks. Guess what comes next? We are seeing breakthroughs in security, privacy and scalability based on ZK tech, and now FHE. We can see a world where crypto computing becomes the basis for most significant and important applications. There are literally tens of thousands of startups all around the world building on top of this infrastructure. Digital assets have become an accepted part of the emerging global financial system, with virtually every major government in the world setting clear rules for how digital assets can be issued, used and traded. Bitcoin itself has become one of the largest and most important alternative investment assets on the planet. The biggest asset management firms in the world are offering products and services built on blockchain technology and offering investments into the underlying digital commodities. Crypto has become a global political issue, as its importance to national competitiveness becomes clear. Governments around the world are racing to compete with one another to figure this out and ensure that innovation in this space is both responsible but also fostered. We’re seeing product UX that unlocks consumer-scale usage in ways we’ve not seen before, giving a clearer view of how this will unfold for billions of users in the coming years. Most of the world's largest payments companies are actively using this technology and exploring how to expand their usage as the benefits of public chains and stablecoins become apparent to everyone. Stablecoins have exploded in scale and use, crypto clearest killer app, unleashing digital dollars in the world, bringing more people into the future onchain economy, and starting to fulfill the promise of banking the unbanked, lower the costs of remittances, and unlocking more seamless cross-border commerce. Stablecoins are becoming a legally defined and accepted form of digital money in nearly every major jurisdiction in the world. By the end of 2025, stablecoins will be “legal electronic money” almost everywhere, which sets them up to become a larger and larger portion of the $100T+ market for electronic money. The infrastructure to build, deploy and operate blockchain apps has advanced massively, with enterprise-grade products and services to help use these networks, with custody infrastructure that scales for end-user controlled self-custody to infrastructure that the world’s largest banks and asset managers can depend on. Developer tooling, SDKs, and knowledge are proliferating at an accelerating pace. More and more people are becoming “blockchain capable”. Massive consumer scale companies are bringing online apps that connect to public chains and use digital tokens for a wide array of use cases. National governments are investing in blockchain infrastructure, ecosystem development and passing laws to provide incentives to companies to build in their regions. We’re seeing more and more exciting uses of the tech gaining traction every week, from payments to social to gaming to ticketing to enterprise use-cases. I could go on and on and on, but the scale of all of this right now is truly astounding compared to where we were a decade ago. Like prior waves of open internet infrastructure, this wave is growing, and is coming on stronger every day and every week. And, like I said earlier, we’re still in the VERY EARLY STAGES in the adoption of crypto. That’s insanely bullish. What does this look like when digital tokens are a widely understood and legally used form of incentives, governance, and record-keeping all around the world? What does it look like when a larger and larger portion of finance and commerce constructs are executed and intermediated by smart contracts on public chain infrastructure? What does it look like when 4th generation blockchain networks support billions of users and millions of applications? What does it look like when onchain organizations are legally defined and explode and compete for organizing labor and capital and consistently outperform legacy multi-national corporations? What does it look like when political bodies – cities, states, nations, and new network states – adopt onchain governance and improve how democratic values are expressed in the age of the internet? What does it look like when 10% of global economic money is stablecoins, and when credit intermediation moves from fractional reserve lending to onchain credit markets built from the ground up on safer, digital cash instruments (e.g. stables), and opens up credit and debt to the long tail of supply and demand in the same way that Amazon did for commerce and AdWords did for advertising? All of this is achievable over the next 10+ years. The time goes by fast, but when you zoom out and look at what has been accomplished and how that sets us up for the future, it’s hard not to be insanely optimistic right now. JA

Bought $100 in BTC on @PayPal ! Great milestone for the market!

1/6 Major USDC news today - @Visa has become the first major payments network to support USDC as a native currency and settlement system on its network. This is massive news, and marks a major turning point in mainstream adoption of crypto. businesswire.com/news/home/2…

1/ CIRCLE LAUNCHES EURO COIN: Today, we announced our 2nd major fiat-backed stablecoin, Euro Coin, which went live on Ethereum mainnet, and will be available to mint and redeem on June 30th. circle.com/en/euro-coin

We are excited to launch USDC on @Ripple’s XRP Ledger, expanding our stablecoin network into more ecosystems.

BREAKING NEWS: @Circle announces that USDC and EURC are now available under new EU stablecoin laws; Circle is the first global stablecoin issuer to be compliant with MiCA. Circle is now natively issuing both USDC and EURC to European customers effective July 1st. Details below…. Today’s announcement from Circle is a major milestone in the ongoing development of the internet financial system, with one of the largest economies in the world having established clear regulations that make stablecoins legal electronic money, and ushering in a phase in the crypto market’s development as a mainstream infrastructure for payments, finance and commerce. It’s incredibly gratifying to witness this moment in the evolution and adoption of digital currency. Some 11 years ago when we started Circle, it was with a clear vision that blockchain networks would make it possible to issue fully-reserved fiat digital currency that could operate on open and interoperable public networks, enabling a transformation in value exchange similar to the transformation that open networks brought to information publishing and communications. At that time, we knew if we were to succeed in realizing our vision two things needed to happen: first, blockchain tech needed to evolve massively (e.g. we needed chains where you could issue tokens, execute code in the form of smart contracts, build actual money protocols on blockchains, and scalable infrastructure); and second, new policies and laws would need to be established, likely globally, for how what we think of as money (e.g. cash, government bonds, HQLAs) could connect to this new kind of open, programmable public network infrastructure. Circle was the first crypto company to receive Electronic Money Transmission Licenses throughout the US, the first crypto company to receive a New York BitLicense, the first crypto company to receive an E-Money Issuance license in the UK, and we pioneered early models for how fiat could work on public chains (initially over Bitcoin). Back then all of this was considered incredibly niche, the mainstream financial sector was hostile to all of it, and the entire concept of fiat digital currency did not really even exist outside of very early crypto circles. The concept of seeing major global laws that enshrined stablecoins into the financial system was inconceivable. Then, six years ago, in 2018, the technology of Ethereum made building a “protocol for dollars on the internet” or an “HTTP for Money” a real possibility, and in May of 2018 we announced, and then later launched USDC, a protocol for dollars on the internet. Working with payments regulators throughout the US, we brought this innovation in electronic money onto public blockchains with a protocol that developers could build on, automate and integrate into smart contract applications. With nearly immediate product market fit (the birth of DeFi, and the rapid growth of stablecoins on digital asset exchanges), this whole category began to grow, albeit from a tiny base of usage. Shortly after our launch of USDC, the world’s largest internet company by end-users, Facebook, announced their intention to enter the global stablecoin market with Project Libra, a synthetic global currency they intended to launch to their 3 billion user customer base. Facing nearly immediate and hostile backlash from governments around the world, the project came under intense scrutiny, and spawned an effort first at the G7 and then through the G20 and the Financial Stability Board to develop a global regulatory approach to stablecoins. Not long after, just 4 years ago, two major developments occurred: First, the work of the global regulatory community culminated in a set of G20 Policy Recommendations for stablecoins, which were later ratified at the G20 and sent on to member countries to bring into law through their policy and regulatory apparatus’. Second, the bottoms-up, open internet and open ecosystem innovations like USDC surged in growth alongside explosive growth and interest in blockchains and crypto assets. USDC grew 1000% two years straight, from 400M to 4B to 40B, and the infrastructure around crypto matured rapidly as well, with the advent of 3rd generation blockchains and the rise of onchain finance and payments. Major governments (the US, EU, Singapore, Japan, and many others) began to move more swiftly on the policy front, with leadership in the EU and US both pushing for the rapid introduction of regulations for stablecoins and crypto asset markets. Then, nearly 2 years ago to this day, the EU institutions reached a deal on the Markets in Crypto Assets (MiCA) regime, which was finally approved by the EU Parliament’s plenary - and also entered into force - last year. MiCA sets forth the world’s most comprehensive regulations for stablecoins and digital asset markets. And, on that same day as MiCA being agreed on, Circle announced our initial launch of a Euro Stablecoin, along with a statement of our full intention to bring our stablecoins into compliance with these new and critical regulations for the European Union. As many people know, France was - and continues to be - at the forefront of establishing clear regulations around crypto and digital assets, with early French laws regulating crypto trading firms, crypto custody and rules for issuing and selling digital tokens. The French government took a leading role not just in France, but ultimately, under the French Presidency of the EU - they helped to usher in an EU-wide regulatory framework that in many ways was inspired by earlier innovation-forward French policies. Circle determined quickly that we should choose France as our new European headquarters for launching our regulated stablecoin and digital asset businesses. That choice has proven wise – we have been able to work extremely hard over the past two years with the ACPR to bring Circle’s business into the EU and under the new comprehensive regulatory regime of MiCA. Our Announcement Today, I am delighted to share that Circle is authorized as an E-Money Issuer by the ACPR in France, and a MiCA-compliant E-Money Token issuer for both USDC and EURC. Circle France is now home to the headquarters of our European regulated financial activity, and European customers can now directly access USDC and EURC via Circle Mint France. USDC has become the first and only major global stablecoin to be compliant and available under the new stablecoin regulatory regime in Europe. We have worked intensively with French, EU and US prudential regulators to clarify how a global stablecoin such as USDC can be issued out of BOTH the US and Europe, while maintaining complete fungibility on blockchain networks. This is a major breakthrough and reflects creativity, hard work and a spirit of trying to both embrace a major technical innovation (fungible, globally available digital currency) while meeting stringent and important regulatory standards to ensure the safety and soundness of these electronic money tokens for persons across different regimes. What does this mean for customers today? All USDC and EURC currently in circulation in Europe are officially MiCA compliant, with Circle now holding 100% of EURC reserves under our regulated Circle France entity, and similarly holding the necessary reserves for European USDC holders within the EU with a Global Systemically Important Bank (GSIB). All of the USDC held by Europeans remains fully fungible globally, and users can trade, transact, self-custody, use in DeFi, etc. with no changes. For the vast majority of European users who purchase, hold or sell USDC or EURC on an exchange or other crypto asset service provider’s product, nothing changes. Effectively immediately, Circle is now issuing and redeeming USDC and EURC directly with major institutions in the European market via Circle Mint France. This includes exchanges, market makers, brokerages, consumer wallets, fintechs and payment institutions, banks and large enterprises. Alongside our launch, you will begin to see a series of announcements from the entire global digital asset ecosystem who are adopting USDC and EURC as the preferred regulated stablecoins on their platforms and services, as Circle is the only global issuer who is able to provide these stablecoins in a fully compliant manner. What is changing, of course, is that Circle’s stablecoins are now under the direct supervision of prudential regulators in Europe, namely the ACPR here in France, following detailed prudential standards, the so-called MiCA level two legislation, developed by the European Banking Authority. European users are afforded the protections brought from MiCA, ensuring safe and sound reserves, fully audited financial statements, prudential risk management, strict compliance with financial crimes and anti-money laundering rules, and detailed public reporting. Impact on the Global and European Digital Assets Market For nearly a year, and with increasing intensity over the past months, the global digital asset industry has been scrambling to understand the impact of MiCA, the world’s first and most comprehensive crypto regulatory regime that ultimately spans a market with nearly 450 million customers. With stablecoins, especially dollar stablecoins, becoming the bedrock of digital asset markets, major global exchanges and crypto asset services providers (CASPs) with European customers, as well as 100% of European-based CASPs, have been highly focused on how the market will unfold and whether any major dollar stablecoin would be able to continue functioning with this new comprehensive regulatory regime. That question has now been decisively answered, and the world’s leading, regulated digital dollar, USDC, is now available in the EU, and we hope and expect it will become the leading dollar stablecoin in the region. However, this moment portends a much broader market structure shift that we believe is going to accelerate over the next year, as major jurisdictions ranging from Japan, the US, UK, Singapore, Hong Kong, the UAE, Brazil, and many other major markets and economies also go live with comprehensive stablecoin rules, all of which require stringent regulatory compliance, and where dollar stablecoins in particular must be issued under a burden of regulatory equivalence. Circle has built the infrastructure necessary to deliver USDC as a fungible digital dollar that can meet the emerging regulatory requirements of diverse global jurisdictions. It is during moments such as this that the entire global digital asset industry should be reflecting on what their future looks like, what the expectations for responsible innovation entail, and work towards operating products and services built on the strongest foundation possible. Impact on the Adoption of Euro Stablecoins and Stablecoins More Broadly One of the most significant and exciting things that this moment entails is the almost certain growth in and adoption of Euro digital currency in the form of Euro stablecoins. By establishing a clear rulebook for the issuance and operations of Euro digital currency, these new laws will foster a highly competitive market for Euro digital currency, with banks and EMIs both able to issue and utilize Euro stablecoins as a core part of their products and services. This means that the entire European regulated financial sector can now adopt blockchain-native financial infrastructure, which will significantly expand the utility of stablecoins in commerce and finance. We are already seeing significant and accelerating interest in EURC from major enterprises, large financial institutions, payments firms and others who now see the opportunity to leverage blockchain technology and Web3 to power new forms of programmable finance and commerce. In this case, clear and comprehensive regulation will absolutely serve the dual purpose of protecting customers and the market, while also creating a clear set of rules of the road that will foster mainstream adoption. It is this fact that should be widely greeted with enthusiasm and celebrated around the world as a turning point in the development of the internet financial system. July 1st, 2024 will be remembered as a major moment in the development of this new internet financial system. It marks the end of the beginning stages of digital assets, and the start of the mainstream growth and adoption phase. Europe should be proud at this moment, as should France, which has driven and led policy and regulation in this area for years, and is working to attract leading global firms such as Circle to call France our European home. Jeremy Allaire

BREAKING NEWS: @circle has announced that we are moving our Global HQ to New York City, building out a flagship space on one of the top floors of 1 World Trade Center, an historically important landmark in standing for American global economic leadership. Details below the video. I’m thrilled to celebrate this milestone with an event including leading financial industry firms, crypto industry leaders and policymakers. We are also sharing this announcement video that captures the moment and inspiration. Why is this important for Crypto, Circle, New York, America and the US Dollar? Since our founding, we have envisioned building a new internet financial system on the foundations of crypto – open networks, open source software, open protocols, decentralized and distributed infrastructure – and building on and expanding the capabilities of the largest and most important currencies in the world, starting with the US dollar. 11 years into our founding, that vision is coming alive in a tremendous and exciting way, with USDC now powering trillions of dollars of onchain transactions, with thousands of developers and applications building on this innovation, and with increasing legal clarity that digital dollars like USDC are new forms of legal electronic money that can be used widely around the world. As this technology explodes into the mainstream, and as Circle becomes a more and more important company and infrastructure for this new internet financial system, it became clear that we needed to plant our flag, both literally and figuratively, in the heart of Wall Street, in the most important economic center of the world, and in the great country of the United States of America. Many complain that the United States is not the right jurisdiction to build a company in our industry, and that the current government here remains hostile to this industry. I couldn’t disagree more. My view is that we are at a turning point, and that the US is about to become THE decisive leader in building and supporting this technology and financial revolution. We are an American Technology champion, and we want to demonstrate that the highest quality, the best run, the safest and the most powerful technology for the new internet financial system calls not just the US, but New York City, it’s home. Today, New York City is home to an enormous number of crypto firms that are leading and innovating in nearly every area of this industry. New York may have the most talent-density in crypto of any city in the world. It’s truly astounding, and we feel so privileged to join this thriving community of companies with a flagship headquarters in New York. After having originally founded the company in Boston, like many technology-driven companies, we have scaled out largely as a remote-first operation. Today, we span 36 US states and 14 countries, with a presence in many of the world’s leading cities including New York, SF Bay Area, Boston, London, Dublin, Paris, Singapore, Berlin, São Paulo, Taipei and more. And we are growing all around the world. But through this, New York has become a crucial nexus of talent, connectivity and a core location for where we convene. 1 World Trade Center is an awe-inspiring building. Its history is known to nearly everyone; this iconic tower, the tallest in the Western hemisphere, stands for freedom, strength, and a projection of America’s central role in the global economic system. Freedom Tower stands above the great pillars of the global economic system – Wall St., the New York Stock Exchange, the New York Federal Reserve, and more. Sitting on a top floor of the tower, Circle’s new flagship HQ is being built not as a traditional office, but rather as a powerful convening space, where we bring together all of our stakeholders to collaborate together, discover, and build the new internet financial system. It’s going to be an amazing and inspiring space that helps bring to life everything that we do at Circle. Today, we are celebrating this new HQ, joined in person in New York by industry, political and key partners who have been central to Circle’s growth and success. Join us virtually in this next phase of our journey. We are investing in New York. We are investing in America. We believe strongly that the infrastructure we are collectively building – this new internet financial system – will be the foundation for the next hundred years of global economic activity and coordination. 2024 has been a turning point year in crypto, a year when stablecoins started to truly breakout in scale, importance and usage. 2025 will be the year when this goes mainstream. As we open our new HQ to the world in early 2025, we will be thrilled to host and convene and see many of you there for this next phase of our collective journey in building a more open, inclusive, safer and efficient global economic system. JA

2/ This is a huge win for crypto and stablecoins - $USDC

1/5 A message to US and Western Policymakers on how to think about China's approach to crypto and blockchain. China opposes the Western system of values built on openness, transparency, privacy, free market competition and so forth.

3/ The new interpretive letter establishes that banks can treat public chains as infrastructure similar to SWIFT, ACH and FedWire, and stablecoins like USDC as electronic stored value. The significance of this can’t be understated.

Tap to pay using USDC on iPhones incoming soon. Wallet devs, start your engines. bloomberg.com/news/articles/…

10/ This is a HUGE way to start 2021, the year that crypto and stablecoins go mass market!

Simple question. Where/what are the other massive offshore, unregulated, opaque, unaudited (by major public accounting firms) firms and pools of assets in crypto? If we're going to rip the bandaid off, let's do it.

1/ Some initial reflections on the FTX and Binance situation, and what impact we think this has on Circle, USDC and crypto more generally. These are fresh thoughts and will evolve. First, seeing a major industry peer and their loyal customer base impacted like this is god awful.

Circle’s USDC operations will open for business on Monday morning, including with new automated settlement via our new partnership with Cross River Bank. circle.com/en/pressroom/3.3-…

1/ As part of our commitment to increasing transparency and disclosure around USDC, today we're publishing our first monthly breakdown of the USDC reserve assets, by each and every Treasury Bond and list of cash reserve custodians. circle.com/blog/providing-gr…

4/ Decentralized, permissionless, open source and internet mediated software is literally becoming the foundation for not just the US financial system but for the global economy.

New ETH ATH, entire DeFi landscape set to see explosive growth.

BREAKING NEWS: Circle becomes the first and only stablecoin to be approved for use in Japanese markets, with Circle launching new operations, a strategic JV with SBI Holdings, and imminent launch of USDC by SBI VC Trade, with other major exchanges to follow. We have spent 2+ years engaging with Japan's regulators, major industry players, strategic parnters, banking partners and others to enable USDC for the Japanese market, which unlocks tremendous opportunites not just in trading digital assets, but more broadly in payments, cross border finance and commerce, FX and more. Major launch events happening all day today in Tokyo! Kanpai! circle.com/pressroom/circle-…

5/ We are on a path towards all major economic activity being executed on-chain. It is tremendous to see such forward thinking support from the largest regulator of national banks in the United States.

Decentralized Uber built on @solana with USDC payments and driver payouts. decrypt.co/112957/teleport-c…

Breakthrough use-case for $USDC -- with US Govt permission, we partnered with the exiled govt of Venezuela (@jgauido) and Airtm @theairtm to distribute aid to people and healthcare workers in Venezuela. Stablecoins now a tool of US foreign policy -- circle.com/blog/circle-partn…

Welcome to the dollar stablecoin party, @Ripple. It is encouraging to see more companies taking a compliance-first approach to building onchain dollars. Congrats on taking the plunge! coindesk.com/tech/2024/04/04…

USDC is coming to Japan - Circle and SBI Holdings begin partnership combining USDC distribution, banking and Web3 tech proliferation for the Japan market. Official announcement here, my take on this below: circle.com/en/pressroom/sbi-… Why is this such a big deal? In June of this year, the Japanese government laid out a vision for growing the Web3 industry in Japan, and crucially, put into effect new stablecoin laws for both domestic and foreign-issued stablecoins. Japan is the first major government in the world with this regulatory clarity in effect. Stablecoins that cannot meet the high-standards set out by the JFSA will not be allowed to circulate on Japanese markets. These changes have dramatically opened up the opportunities for stablecoins and Web3 in the world’s 4th largest economy. The opportunity for Circle and USDC is significant. To seize the opportunity, I am incredibly excited to be working with Chairman of SBI Holdings, Mr. Kitao-san, who is an extraordinary businessman, innovator and leader in Asia and the world. SBI Holdings operates one of the largest financial conglomerates in Japan, with the largest online retail brokerage, one of the largest digital banks, one of the largest retail FX platforms, a trust bank and more. Importantly, Kitao-san is not a “johnny come lately” to crypto and blockchain tech. He has understood it and invested in it for nearly a decade. SBI Holdings already operates digital asset trading, brokerage and cross-border payments solutions. Kitao-san and I have a shared vision for what the new internet financial system will look like and the impact it will have on commerce, trade and innovation. What does the partnership exactly look like? Our highest priority together is to bring USDC into the Japan market, in a regulated capacity, following the new JFSA stablecoin laws. As we have done throughout our history, we will work arm and arm with our partners and local regulators. Once launched, USDC can become a stablecoin on Japan digital asset markets, and can be widely used in the on-chain economy growing in Japan as well, across many consumer-led Web3 product categories. We can also work with the very large established retail and crypto platforms that SBI Group operates to adopt USDC as a new digital dollar. The dollar plays a crucial role in cross-border payments, FX and trading in the Japan market. This will extend into the adoption of digital dollars used on blockchain networks. Another part of this is bringing direct banking from Japan to Circle’s USDC treasury and settlement operations, which translates to direct and local liquidity between JPY and USDC via the domestic banking system in Japan, building on the recent launch of the same in Singapore, with many more markets coming online soon. Web3 Apps in Japan We have also seen rapid growth in major consumer-facing companies in Japan looking to launch Web3 apps using digital tokens, smart contracts and self-custody digital wallets. To that end, Circle will also work with SBI to promote the growth and adoption of Circle’s full-stack Web3 Services suite, which provides and end-to-end development, deployment and operations platform for building and operating Web3 apps across chains. Think games, culture and consumer entertainment. A General Comment on Regulatory Clarity What you’re seeing here are the fruits of major governments who have established regulatory clarity for stablecoins. Good actors, working together, across the traditional and the new internet financial system to advance innovation with strong safeguards and supervision. As this plays out around the world, expect to see many many more major partnerships with established Web2 companies and financial institutions who will make the leap into building and operating in the internet financial system.

Is this the fastest on chain digital dollar in the world ?

PSA: USDC on Solana is operating flawlessly, no issues with issuance and redemption, and is completely unaffected by what’s happening on FTX.

6/ This paves the way for the use of leading dollar digital currencies such as USDC as a mainstream payment medium for all forms of payments and settlement, and helps put the US in a leadership position in embracing the power of public blockchains.

I am super impressed with @JupiterExchange on @solana. Truly excellent UX and features. An example of maturation in a range of infrastructure -- wallets, usdc on solana liquidity and availability, and product execution.

It’s been rough. USDC price has flatlined for like almost 4 years.

1/20 Here's a deep dive on what's really going on, including the behind the scenes, with the Treasury FinCen proposed rule on "unhosted wallets" and new record-keeping and reporting rules. Hang on to your hat.

We had been seeing $1B in net new USDC in circulation every week, but we just did $1B new issuance in a day! USDC now @ 18 billion in circulation.

USDC Liquidity. Over the past month, we've issued $5B USDC, and have redeemed $6.6B USDC. USDC banking is public and transparent, with 24/7/365 mint/burn, and wire settlement with nearly 90 countries. USDC reserves are attested by Deloitte every month, and all of our T-bill and repo positions (and much of our cash) are reported daily through USDXX (93% of USDC Reserves) in an SEC-registered and supervised fund. Transparency and liquidity and broad and global banking matter. We don't charge fees to mint and burn USDC.

9/ It also sets the stage for more regulated financial institutions to run blockchain nodes, and even become validators.

For those of us in the crypto community, IMHO this E.O. should be viewed as the single biggest opportunity to engage with policy makers on the issues that matters. The proverbial doors of policymakers are WIDE OPEN, this is now a NATIONAL conversation in the U.S. (7/7)

1/7 Today, we announced that we have signed definitive agreements for a transaction that will result in Circle becoming a publicly listed company on the NYSE trading under the ticker CRCL. circle.com/blog/circle-to-be…

1/ A long thread on the rapid growth of USDC on Solana, and why it matters in the future of payments, banking and capital markets. First, in just a week, USDC on Solana jumped from 1B to 2B in circulation. Wow!

BREAKING NEWS:  3 big announcements from @circle.   1) We have acquired Hashnote, issuer of the world’s largest Tokenized Money Market Fund (USYC);  2) we have entered into a strategic partnership with global trading firm DRW to drive USDC and USDY in  crypto and TradFi markets; and  3) we have announced our plans to launch USDC, alongside USYC, on the Canton blockchain network. circle.com/pressroom/circle-… Let me break all of this down. First, we are thrilled to bring the Hashnote team and family into Circle.  As one of the leading pioneers of tokenization (USDC is arguably the largest form of regulated tokenized cash in the world), we have seen a rapid shift towards tokenized treasury assets through TMMFs.  There is an enormous and immediate opportunity to bring yield-bearing collateral into crypto market structures, and through seamless integration with USDC, enable market participants to convert between USDC and USYC on a 24/7/365 basis.  Hashnote has been a pioneer and is the largest issuer of TMMFs in the world today. As more and more institutions get involved in the digital asset market, we are taking what are common practices in traditional finance and importing those onchain, but with the incredible super powers of global, real-time settlement, programmability and composability.  Indeed, one of the holy grails of capital markets is the ability to move between cash and collateral instantly.  We are unlocking this with a focus on the well established crypto capital markets. With DRW, we are expanding on an already strong and nearly 10 year working relationship with DRW subsidiary Cumberland.  Don Wilson is a true visionary in markets, and Cumberland continues to be one of the largest and most important global trading firms in crypto.  Through this expanded partnership, Cumberland will expand its liquidity and settlement services for USDC and USYC, driving broader institutional adoption in crypto.  Additionally, we will work together to bring these onchain innovations into traditional financial markets, where tokenized cash and collateral can unlock enormous value for every financial market participant. And on this note, Circle is also announcing its planned deployment of native USDC on Canton, the leading public blockchain for fully private and secure financial applications. With over $3.6 trillion in RWA issued and over $1.5 trillion repo/month, Canton is  already used and supported by major traditional banks, trading firms, asset managers and exchanges. With USYC already supported on Canton, offering native USDC integration will enable a seamless and 24/7/365 convertibility between collateral and cash for use in TradFi markets onchain. TLDR – Circle is leading the way in bringing the most important building blocks of money onchain, fostering a more scalable model of global institutional adoption of crypto infrastructure, while also paving the way for onchain money to become the core of traditional financial markets. Stay tuned for a lot more on all of these fronts! Jeremy

5 Billion USDC in circulation

Chairman Powell today - Dollar Stables and future CBDCs will co exist. We agree. But let’s get behind the digital dollars that are here and competing to be currencies of the internet…today…not years from now.

Killer experience today — received P2P USDC transaction with @blockfolio using @solana USDC and then instantly spent the USDC using @FTX_Official @Visa card. Instant, basically free. Open and interoperable. This is how money should be! @circlepay

15/ Finally, as someone who's been involved in this industry for 10 years, it is disappointing that a technology that was spawned in reaction to the Lehman Bros moment of 2008 has given rise to its own version of the same. We can do better.

Using an ATM in Europe to get EURO, crushed by a nearly 20% FX+fees. God we need mass market stablecoin wallets and crypto FX markets. $USDC / $EUROC

USDC for Avalanche. Native. Available today. coindesk.com/business/2021/1…

7/ Beyond payments and settlement, and unlike legacy settlement mediums, public chains combine transactions and compute, enabling a radically new modes of financial and commerce apps to be built.

Mastercard adopts #USDC and taps @circlepay for new initiative to settle transactions between card issuers and Mastercard itself. Expanding inter-operability between existing payment networks and USDC is happening. circle.com/blog/mastercard-t…

1/ Today we announced that we have formally registered to be regulated in France as the headquarters for our European expansion, under French digital assets and e-money laws, with plans for EU-wide operations under MiCA. circle.com/en/pressroom/circ…

This new $ETH ATH is so ridiculously long overdue. Look forward to seeing the breakout!

BREAKING coverage from @Bloomberg on @circle. "Circle had $779 million in revenue in the first half of the year, already surpassing the $772 million for all of 2022. The private firm generated $219 million in adjusted earnings before interest, taxes, depreciation, and amortization in the first half, also outpacing the $150 million for all of last year. The company has over $1 billion in cash on its balance sheet as of June." bloomberg.com/news/articles/…

gm 1/ Lots of FUD accruing out there, so another thread to help dispel the noise.

5/5 There are two modes of reacting to China in US. FOMO, envy and a belief that we should be more like them, given their ability to execute; vs a stoic / determined outlook that believes in the open internet. Be on the right side of history; embrace the open internet of value.

Hi Justin, I would be honored to join you and @WarrenBuffett next week to discuss crypto!! Count me in. Crypto is now a major global policy issue and there is a great deal for Mr Buffet to understand and for us to learn from him as well.

2025 will be the year that the world fully wakes up to and begins actively using the internet financial system.

Tl;Dr: While USDC can be used 24/7/365 on chain, issuance and redemption is constrained by the working hours of the U.S. banking system. USDC liquidity operations will resume as normal when banks open on Monday morning in the United States. As a practical matter, our teams are well prepared to handle significant volume, built on the strong liquidity and reserve assets discussed below. As a regulated payment token, USDC will remain redeemable 1 for 1 with the U.S. Dollar.

Don’t Believe the Hype We are coming to the HYPE ecosystem in a big way. We intend to be a major player and contributor to the ecosystem. Happy to see others purchase new USD tickers and compete Hyper fast native USDC with deep and nearly instant cross chain interoperability will be well received. circle.com/blog/native-usdc-…

1/ Some major news from @circle and @coinbase on the future of $USDC in this joint blog post from @brian_armstrong and I (@jerallaire). circle.com/blog/ushering-in-…

1/6 Just wrapped up 5+ hours of testimony with Congress. A few quick reflections. First, huge thanks to @RepMaxineWaters and @PatrickMcHenry and the @FSCDems for a highly engaged, full member participation hearing! Huge accomplishment.

100% of USDC reserves are also safe and secure, and we will complete our transfer for remaining SVB cash to BNY Mellon. As previously shared, liquidity operations for USDC will resume at banking open tomorrow morning.

Unbeknownst to most policy makers, crypto is building the foundation for our global economy for the next 100 years…THAT is critical infrastructure.

1/ Yesterday, US Treasury designated for sanctions ETH addresses associated with Tornado Cash. As a US regulated FI subject to Bank Secrecy Act (BSA) requirements, Circle, together with our partner @coinbase, restricted the movement of USDC funds in these sanctioned addresses.

1/ MAJOR NEWS today for mainstream adoption of USDC, with @stripe announcing crypto payouts with USDC, launching with @twitter as the first pilot customer. It’s rewarding to see some of the most important internet companies in the world using Circle. stripe.com/blog/expanding-gl…

Heads-up @circle is hosting a Press Conference in Paris, France at 5pm CET. I'll be there making an important announcement. Stay tuned. 👀👀👀👀

Already here. USDC w SolanaPay enabling this SF coffee house to accept payments with instant settlement, and fraction of a cent tx cost. Industry has got this.

I can get behind building an internet financial system on this kind of network performance!

Circle and USDC Expansion with Hyperliquid Today marks a major milestone in our expansion and engagement with the Hyperliquid ecosystem, with the official launch of Native USDC and CCTP V2 on HyperEVM, bringing the world’s most reliable, liquid, interoperable and globally available dollar stablecoin into the community. Additionally, in the coming weeks we will enable direct deposits and CCTP interoperability for Hyperliquid USDC on HyperCore. Alongside this launch, Circle is now a direct stakeholder in the Hyperliquid ecosystem, with our first HYPE token investments, alongside a comprehensive program to work with the most innovative HIP-3 and HyperEVM builders in the community. We are also evaluating the possibility of becoming a Hyperliquid Validator. Over the past several months, the Circle team has had the pleasure of getting to know the Hyperliquid core team as well as many of the new startups and builders developing on HyperEVM and HIP-3. This is clearly one of the most impressive communities and platforms in the entire crypto ecosystem. Understanding the Value of USDC in the Broader Crypto Ecosystem Our expansion and broader engagement on Hyperliquid builds on nearly 8 years of work within the broader crypto ecosystem to build a public market infrastructure and network utility for dollars on the internet. In many respects, launching a de novo dollar stablecoin is a trivial undertaking these days; we’ve seen hundreds of stablecoins launched over the past near decade. However, building global scale liquidity (trillions in primary liquidity), deep cross chain blockchain infrastructure, and massive developer, trader and end-user utility (thousands of apps and services, tens of trillions in onchain transactions) is an enormous undertaking. Every new USDC in circulation inherits from this global liquidity and platform utility; every new developer that integrates a product, protocol or service, expands the utility for every other developer. These developer flywheels have helped create an amazing public internet utility for storing and moving dollars safely in the world. Collectively, the thousands of products and services that integrate USDC have helped deliver nearly $40T in onchain transactions. Alongside this, Circle has spent as many years building out the deepest primary liquidity for any dollar stablecoin in the world. That primary liquidity exists through Circle’s regulated institutional infrastructure and deep banking connectivity that now spans most major financial market centers around the world: Circle offers primary liquidity for USDC at scale with direct integration into banking systems within the US, UK, EU, Singapore, Hong Kong, Brazil, Japan and soon the UAE. We’ve done the heavy lifting of working with major policymakers and regulators around the world to enable safe and efficient use of stablecoins on public blockchains. Our global regulatory work has helped Circle build our primary liquidity through partnerships with banking institutions, including the world’s largest and most respected banking institutions. This “digital dollar dial tone" exists now at scale and allows financial institutions, market makers, banks, payments firms, asset managers, neobanks, and on and off ramp companies to seamlessly create and redeem USDC at par globally. Over time, we have minted and redeemed well over 1 Trillion dollars in USDC. Always 1:1. Equally important is the secondary liquidity that exists for USDC, which includes broad availability across many of the biggest exchanges, and brokerage and payments platforms in the world. This secondary liquidity includes conversion into fiat in over 185 countries and deep liquidity against nearly every major crypto asset in the world. Indeed, in recent periods, spot and perps liquidity for USDC has deepened significantly, with BTC/USDC on Binance spot and perps within 0.2bps and 0.1bps vs. USDT. Any given trader, developer or end-user’s choice on a dollar stablecoin is ultimately going to be shaped by the breadth and interoperability of the stablecoin network and the fundamental (primary and secondary) liquidity of the dollar stablecoin in the world. All of this translates to capital efficiency, and as all of finance moves onchain, and seemingly with great pace into Hyperliquid, extreme capital efficiency remains absolutely fundamental. We are thrilled to bring this deep fundamental liquidity and capital efficiency to the Hyperliquid ecosystem. Blockchain Network Infrastructure and Interoperability for Hyperliquid Traders and Users Alongside the value of USDC’s global liquidity and network reach, we’ve also invested over many years to ensure that USDC now has the broadest and deepest interoperability in the world. Our commitment to multichain enablement, and building core protocols for safe and seamless cross chain connectivity (CCTP, Circle Gateway) makes USDC portable for users across the most common platforms and applications. End-users, protocols, and financial services companies need to know that customers can bring and move their digital dollars safely and seamlessly across every major network platform. Just as Spotify and Netflix ensure that their media can play everywhere, Circle is committed to building a platform where our stablecoins can effectively “play everywhere” too, with the trust, transparency and capital efficiency that the world has come to expect. With native USDC on HyperEVM, with CCTP Vv2 interoperability, and with imminent HyperCore support, every Hyperliquid user and developer will be able to seamlessly move their digital dollars across the entire crypto economy. This also means that fintechs, on and off ramp providers, and other services can seamlessly integrate with Hyperliquid with the most liquid digital dollar in the world. Circle’s Business and Investments in the Hyperliquid Ecosystem Over the past decade, we’ve built Circle into a broad-based and increasingly full-stack internet financial platform, expanding and investing globally, to build this powerful internet utility. We are still in the early stages of building, and we recognize, along with so many other participants in crypto, that we are just at the start of the transition of all of finance onchain. As a global public company, we are seeking to build long-term shareholder value, and that means investing in products and distribution as we work towards an internet economy that ultimately could support hundreds of trillions of dollars in economic activity. Over the past years, we’ve continued to expand how we partner with leading companies, protocols and projects building towards this future internet financial system. The approaches for how we invest, share value and grow value alongside those who are committed to growing with us have also continued to evolve. Building the internet financial system is not a zero sum game; it’s a platform and ecosystem game, and those that bring a big tent mentality to it and look to partner, support developer ecosystems and share in the joint value creation are those most likely to thrive and grow with it. What does this all mean in the context of our investment in the Hyperliquid Ecosystem? Now that our platforms are natively integrated into Hyperliquid, we are expanding our investments across several major vectors – these are a start, and we intend to iterate and engage within the community to help drive shared growth. These include: Circle has become a direct stakeholder in HYPE. This is a start, and we will iterate based on mutual win-win principles for Hyperliquid and USDC; more to come. We are actively exploring additional ways to further participate in the community, including the possibility of becoming a Hyperliquid Validator. We are launching a new set of dedicated incentive programs for HyperEVM and HIP-3 builders – if you are building on HyperEVM and HIP-3, we are ready to engage and drive growth and value flywheels together. Native support for USDC and CCTP Vv2 on HyperEVM and HyperCore are just the start – Circle is investing in developer tools and more onchain protocol work that we intend to build with robust support for Hyperliquid. Circle is open for business with the Hyperliquid Ecosystem – if you are a developer, our public SDKs and APIs are available for you today; if you are a financial institution, trading and markets firm, or enterprise looking to build on Hyperliquid, you can engage with Circle BD, onboard with Circle Mint, access and mint and redeem USDC for Hyperliquid. It’s Hyperliquid’s Moment We’ve simply been blown away by the growth and success of Hyperliquid over the last year, and as we’ve gotten to know Jeff and team, and many of the major emerging builders in the ecosystem, it’s very clear that this is something incredibly unique and special. Circle is here. We’re investing. We’re thrilled to be supporting this incredible community. Hyperliquid. circle.com/blog/circle-and-u…

1/4 Today @circle launched our new media campaign -- "Money is now open" -- speaking to the transformation that is in front of us with open money on open networks (USDC).

Bald is back

1/ The largest fintech in LATAM, @mercadopago, part of Mercado Libre, the Amazon of LATAM with 200M users, is rolling out support for USDC in key markets, starting with Chile. Momentum for USDC and digital dollars building around the world! circle.com/blog/circle-teams…

What I love about the @realDonaldTrump appointment of @DavidSacks is the White House implicit acknowledgment that Crypto and AI are the most strategic new tech areas for the United States and the world. Well done.

BREAKING NEWS: Global exchange and capital markets giant Intercontinental Exchange (ICE) and Circle moved towards the integration of USDC into their markets products and infrastructure. In a major development in the stablecoin market, today we announced an agreement with ICE, to explore the integration of USDC and USYC into a broad range of traditional financial markets, exchanges and clearing houses. The promise of fully reserved digital dollars that can function with the speed and cost efficiency of the Internet has already been realized within digital asset markets, and now, because of increasing regulatory clarity, the same transformative technology is going to find its way into the very heart of the global financial system – – as cash, collateral and settlement infrastructure for the fastest moving markets in the world. I am so thrilled to be working with Jeff Sprecher and his broader leadership team to drive this innovation. In many ways, such an industry development would have been unimaginable just a couple of years ago. But today we are seeing this accelerating convergence between the internet financial system, and the traditional financial system. With the integration of USYC and USDC, we are fostering a world where yield bearing collateral can be instantly converted into cash for margin and derivatives trading. This infrastructure can improve the capital efficiency and safety of capital markets while also unlocking new capabilities only made possible through tokenization and programmable money onchain. Forthcoming Federal stablecoin legislation will further accelerate these opportunities. We are excited to get started now with one of the most significant capital markets infrastructure companies in the world. circle.com/pressroom/ice-and…

Official post on $AVAX $USDC. We've been so impressed with the rapid growth in the Avalanche DeFi ecosystem, excited to contribute to the growth! circle.com/blog/usdc-avalanc…

New @Solana Product Launch from Circle -- coming soon, EURC, our Euro Stable, and Cross-Chain Transfer Protocol (CCTP) for Solana. CCTP on @solana will be a big deal -- seamless movement of USDC to/from Solana from Ethereum and EVM L2s + Cosmos + AVAX. circle.com/en/pressroom/circ…

90% of stablecoin transaction volume on Solana is USDC. Let’s go!

What's up with Dollar Stablecoins? What's all the fuss?

Additionally, we will be bringing on a new transaction banking partner with automated minting and redemption potentially as soon as tomorrow. We are committed to building robust and automated USDC settlement and reserve operations with the highest quality and transparency.

Let’s go! Banks using USDC. Coming soon to a blockchain near you. We are excited about wiring up the existing financial system to the new internet financial system. Circle Mint is open for business.

USDC now the 5th largest crypto currency.

.@Circle launches major new partnerships with @nubank, dramatically expanding USDC access in Brazil through one of the largest digital banks in the world with 85 million retail customers in Brazil alone. circle.com/en/pressroom/circ… TLDR Below: Demand for digital dollars is growing all around the world, as users seek to hold stable value in dollars while also being able to access the incredible power and utility of a software-powered internet financial system. Brazil alone has seen tremendous demand and growth in this area, and we are thrilled to be building a significant partnership with the largest and arguably one of the most innovative global financial technology companies in the world. Through both its native crypto offering as well as their broader digital banking product, @nubank reaches over 85M users in Brazil. While there has been demand for stablecoins that has been filled using P2P markets and offshore exchanges, the major opportunity is for safe and regulated and onshore products to provide direct access to digital dollars. Circle, as the largest regulated stablecoin issuer in the US, and NuBank, as a large regulated banking player in Brazil, we are coming together to bring the power of USDC to the Brazil market. In the next major expansion phase of the internet financial system, mainstream UX and distribution will combine and integrate with well-regulated market infrastructure. That's exactly what we're seeing today in this landmark partnership between Circle and NuBank. Over the past year, we've gotten to know the business and product leadership at NuBank, and are so impressed with the culture, the execution and the focus on solving meaningful problems for customers. Stay tuned. Lots more to come!

Hello @USDC and welcome to X

1/8 The STABLE Act would represent a huge step backwards for digital currency innovation in the United States, limiting the accelerating progress of both the blockchain and fintech industry.

The U.S. seems to be taking on the reality that digital assets represent one of the most significant technologies and infrastructures for the 21st century; it's rewarding to see this from the WH after so many of us have been making the case for 9+ years. (2/7)

En route to the @WhiteHouse for the historic signing of the GENIUS Act, one of the most transformative pieces of legislation in decades. Global financial system, welcome to the Internet!

Yes

Another big move. @visa expands adoption of $USDC into merchant settlement network, enabling acquirers to receive and settle natively in USDC. This is a big deal.

USDC growth continues to rip, having grown 30% from 4B to 5.2B in just 19 days, growing at a faster rate than any dollar stablecoin in the world. Legit internet dollar market infrastructure is here!

Huge shoutout to @solana team, now with $1B+ USDC in circulation.

Circle's Cross-Chain Transfer Protocol (CCTP) is getting closer to launch. Such an important piece of infrastructure that can help foster more scalable, efficient, secure and user friendly apps built on USDC. developers.circle.com/stable…

Indeed, the Payment Stablecoin Act, which remains a very active pursuit for Congress, would enshrine in law a regime where stabelcoin funds would be held with cash at the Fed and short-term T-Bills. We need this law now more than ever if we want a truly safe financial system.

1/ With so many firms facing fundamental challenges and risks, Circle has amped up our own information about Circle and USDC. Sharing it here so it's fresh for people to review. We started publishing these in the days following the Terra collapse. circle.com/blog/how-to-be-st…

A much longer thread will be coming with some reflections on all of the past weeks events. We've long advocated for full-reserve digital currency banking that insulates our base layer of internet money and payment systems from fractional reserve banking risk.

Yesterday, @Circle officially went public on the NYSE as $CRCL, and I could not be more proud of this moment. More importantly, I am so proud and so deeply grateful for the incredible team of Circler’s, our partners, and everyone who’s helped us get here. Circle aspires to be one of the most important internet platform companies of our time, an infrastructure that the world can build upon. In that spirit, I want to especially thank the massive number of users and developers who have worked alongside us — building thousands of products and services that integrate with our stablecoin network — and who are essential contributors in the development of this new internet financial system. We have just gotten started in executing our ultimate mission and vision, and this transition into a public company is an inflection point for us as we move from the early adopter phase of this technology to widespread mainstream acceptance. From the Opening Bell at the New York Stock Exchange, to the Closing Bell at Circle HQ in Freedom Tower, I am grateful for the support of so many who support and stand with us and who have been critical to getting us to this point. THANK YOU Jeremy

.@circlepay makes wall st history — we sold a BTC future for physical BTC delivery over the CME. ccn.com/institutional-invest…

Hello NYC from @circle HQ

The Ethereum Pectra upgrade is a massive unlock for providing a seamless and extensible UX for onchain app usage, especially stablecoin usage. This reminds me of when early browsers added SSL/TLS, an unlock for utility that will not be forgotten. Congrats @ethereum !