Stablecoin issuer Circle is discontinuing its support for consumer accounts, requiring users to make alternative arrangements.
"Circle is phasing out support for legacy consumer accounts and has notified individual consumers of this decision," a company spokesperson told The Block. "Account closures do not apply to business or institutional Circle Mint accounts."
The move means that users who wish to mint Circle stablecoins like USDC and EURC will need to turn to other platforms.Circle rival Tether still supports individual consumer accounts, but with a minimum limit of $100,000.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Remains Largest Crypto Market But Stablecoin Activity Shifts AwayCrypto Blog
Read more »
The hype of tokenizing real world assets — a Swiss stablecoin use caseA stablecoin issued in Switzerland is not a simple fiat mirror and offers enhanced stability without exposing users to reserve investment risks
Read more »
UK Publishes Final Proposals for Crypto, Stablecoin RegulationCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Read more »
Drawbacks of Stablecoin Cross-Border Use Outweigh Benefits: Global Payments WatchdogSandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.
Read more »
Checking in on the Amelie Wine Bar coming to Logan CircleWelcome to the beautiful life
Read more »
Member of Trump's 'Inner Circle' Suddenly Cancels TestimonyThe trial to determine whether former President Donald Trump should be disqualified from Colorado's ballot in 2024 kicked off Monday morning.
Read more »