Circle

Money Moves

Second-largest issuer

Twenty-one of the world's largest banks have put about $270 million behind a shared stablecoin company. The money covers five years of operating costs for a venture known internally as Project Faro, which plans to issue a dollar-denominated token in the first half of 2027.

Updated Yesterday

Money Moves

Froze $823 million of stolen USDC

Binance has reopened withdrawals on most of the networks it shut after the October 29 theft, and says it has replaced 98% of the $6.34 billion in affected assets. Its incident report traces the breach to a tampered software tool in June and a fake job interview in September.

Updated 2 days ago

Rule Changes

Issues USDC globally, including via its French subsidiary

The European Banking Authority named Circle's USDC the first 'significant' e-money token in the European Union on October 14. It's the first of 45 stablecoins notified under MiCA, the EU's crypto-asset rulebook, to clear that designation bar.

Updated Oct 18

Money Moves

As of September 2026: Strategic investor in Velocity

Visa, Circle, and Ripple each invested in Velocity, a London startup letting businesses use stablecoins without replacing their banking systems. The $10 million extension brings Velocity's Series A to $48 million at a $200 million valuation.

Updated Sep 19