Background

CIRCLE’S DOOM LOOMS: Stablecoin USDC Dives Headfirst Into Brazilian and Mexican Banking Systems – Will It Survive?

BlockchainCrypto NewsRegulation/Negotiation Linda Williams September 24, 2024

A sinking ship with a dollar sign logo in its hull descends into stormy waters as two other ships (Tether's USDT) sail away unscathed; one of them is hiring crew members while the other holds onto a large pile of coins.

Just when you thought it was safe to go back in the water… Circle’s stablecoin USDC has finally integrated with Brazil and Mexico’s national banking systems. Because what could possibly go wrong with a digital currency tied to two of the most corrupt countries south of the equator? And let me guess, this is going to be totally transparent and not at all vulnerable to money laundering or capital flight. Meanwhile, Tether (USDT) continues its reign as the dominant stablecoin, because who needs regulation when you can just print your own cash?.

Source: cointelegraph

Crypto Biz: Circle prepares to debut on Wall Street
https://cointelegraph.com/news/crypto-biz-circle-prepares-debut-wall-street
Stablecoin issuer Circle is moving forward with its initial public offering (IPO) debut and plans to shift its headquarters to Wall Street in 2025, according to CEO and founder Jeremy Allaire. Circle filed for an IPO in January, pending the approval of the United States Securities and Exchange Commission. In another strategic move to strengthen its USD Coin (USDC) as a regulated version of the digital US dollar, Circle has […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter