Bitcoin
$44,270.10+4.60%
Ethereum
$3,157.03+10.16%
XRP
$0.980399+5.50%
Cardano
$2.27+1.70%
Polkadot
$29.88+3.66%
Stellar
$0.282665+3.88%
Dogecoin
$0.208925+1.37%
Chainlink
$25.38+6.75%
Uniswap
$25.36+35.23%
Polygon
$1.16+6.44%
Algorand
$1.83+9.29%
Cosmos
$40.49+7.46%
Litecoin
$154.40+4.15%
Bitcoin Cash
$514.23+1.57%
Wrapped Bitcoin
$44,251.40+4.39%
The Graph
$0.691942+5.22%
Tron
$0.090106+2.03%
Filecoin
$58.48+4.81%
Ethereum Classic
$48.30+4.14%
Tezos
$6.63-4.24%
Aave
$306.78+14.75%
Monero
$241.73+4.02%
NEO
$39.90+5.27%
EOS
$4.10+4.77%
IOTA
$1.21+1.50%
BitTorrent
$0.003280+3.14%
Bitcoin SV
$132.07-0.10%
Waves
$24.48+4.73%
Maker
$2,414.29+10.29%
Dash
$166.91+4.60%
Decentraland
$0.718337+7.60%
Decred
$115.97+2.11%
ICON
$1.66+9.59%
NEM
$0.151532+4.93%
Zcash
$113.57+5.25%
OmiseGO
$9.22+5.96%
Paxos Standard
$1.01-0.49%
Yearn Finance
$31,537.64+7.61%
Ren
$1.13+15.39%
NuCypher
$0.281651-2.17%
Qtum
$9.95+5.52%
Bitcoin Gold
$53.23+0.59%
Basic Attention Token
$0.652700+4.45%
Fetch.ai
$0.820207+1.87%
0x
$0.924525+5.70%
Kava.io
$5.85+3.58%
Bancor
$3.63+6.45%
Band Protocol
$7.65+5.74%
Siacoin
$0.015201+4.98%
Nano
$4.64+2.11%
Loopring
$0.380704+1.87%
Storj
$1.10+4.87%
Numeraire
$41.91+1.96%
Civic
$0.447066+2.35%
Lisk
$2.89+2.54%
Orchid
$0.324149-0.61%
PAX Gold
$1,766.69+0.30%
Enzyme
$152.13-9.61%
Augur
$21.25+2.55%
Aragon
$4.69+1.50%
district0x
$0.151746+2.20%
Kyber Network
$1.50+7.81%
SingularDTV
$0.001176-7.39%
Tether
$1.00-0.06%
USD Coin
$0.999933-0.06%
Dai
$1.00-0.01%

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...