Circle preps $1B war chest to deal with market threats from PayPal and others By Cointelegraph
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Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire.
In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from organizations such as PayPal (NASDAQ:) that are new to the stablecoin space:
Continue Reading on Coin Telegraph
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© PayPal PR
Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire.
In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from organizations such as PayPal (NASDAQ:) that are new to the stablecoin space:
Continue Reading on Coin Telegraph
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