Bitcoin
$48,606.17+2.06%
Ethereum
$3,523.23+1.58%
XRP
$1.09+1.92%
Cardano
$2.41+1.08%
Polkadot
$35.27+1.47%
Stellar
$0.325939+0.92%
Dogecoin
$0.245106+0.60%
Chainlink
$29.27+2.51%
Uniswap
$24.99+0.19%
Polygon
$1.41+5.54%
Litecoin
$183.30+0.57%
Bitcoin Cash
$635.70+1.26%
Algorand
$1.99-0.65%
Wrapped Bitcoin
$48,656.27+1.99%
Cosmos
$36.62+5.78%
Filecoin
$85.54+4.30%
The Graph
$0.846314+2.01%
Tron
$0.107531-3.68%
Ethereum Classic
$57.95+1.56%
Aave
$366.26-0.16%
Tezos
$6.34+0.43%
EOS
$5.26+1.47%
NEO
$49.97+0.80%
Monero
$268.59+2.24%
IOTA
$1.67+9.01%
BitTorrent
$0.003991+0.72%
Bitcoin SV
$158.35+0.77%
Waves
$29.60+0.40%
Maker
$2,899.07+2.34%
Dash
$204.83+1.69%
Decred
$148.10-0.20%
Decentraland
$0.832890+1.44%
ICON
$1.96+2.97%
NEM
$0.185911+0.99%
Zcash
$140.62+3.64%
Qtum
$12.72+1.06%
NuCypher
$0.333407+0.30%
Bitcoin Gold
$67.69+2.55%
Yearn Finance
$34,326.25+2.12%
OmiseGO
$8.76+4.88%
Basic Attention Token
$0.768140+1.19%
0x
$1.12+2.86%
Paxos Standard
$1.00+1.05%
Ren
$1.03+6.64%
Fetch.ai
$0.868514-1.14%
Bancor
$4.17+1.82%
Band Protocol
$9.42+1.47%
Siacoin
$0.019032+3.19%
Kava.io
$6.30+1.74%
Nano
$5.59+2.10%
Loopring
$0.464371+1.26%
Storj
$1.41+1.80%
Numeraire
$50.02+15.16%
Civic
$0.542597-1.46%
Lisk
$3.62+1.47%
Orchid
$0.369193+0.22%
PAX Gold
$1,764.24-0.42%
Augur
$26.41+2.02%
Aragon
$6.11+5.49%
Enzyme
$118.20+4.39%
district0x
$0.179668+2.37%
Kyber Network
$1.86-0.75%
SingularDTV
$0.001400+8.53%
Tether
$1.00-0.01%
USD Coin
$1.00-0.01%
Dai
$1.00+0.02%

BCB Group Teams With Circle to Offer EU Institutions USDC Stablecoin Settlement

BCB Group will integrate with Circle's platform in a bid to make the USDC stablecoin more widely available.

Aug 7, 2020 at 10:16 a.m. UTC
Updated Sep 14, 2021 at 9:41 a.m. UTC

BCB Group – a firm that provides financial services for cryptocurrency firms in the U.K. and European Union – has inked a deal to integrate with Circle's platform to make the USDC stablecoin available to institutional clients.

  • Announced Thursday, the partnership will see BCB add elements of Circle's crypto finance platform in an attempt to improve the efficiency of payments, clearing and custody for business customers.
  • The move means BCB's clients will gain access to USDC, the U.S. dollar-linked stablecoin launched by the CENTRE Consortium, which was founded by Circle and Coinbase in October 2018.
  • USDC can help EU-based companies "mitigate negative risk" exposure by providing secure and efficient payments solutions, BCB said in a statement.
  • According to Circle's co-founder and CEO, Jeremy Allaire, demand for dollar-pegged stablecoins is quickly growing and USDC would provide "critical" infrastructure for BCB's clients.
  • USDC moved close to 1.1 billion coins in circulation in July 2020, according to CoinMarketCap, with numbers having sharply risen since late March.
  • It still has a way to go to catch up on the most used stablecoin, tether (USDT), which now boasts a circulating supply close to 10 billion.
  • Circle recently teamed with Genesis Trading in a $25 million deal also aimed at boosting adoption of USDC. Like CoinDesk, Genesis is a fully owned Digital Currency Group subsidiary.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...