Circle’s new services help Web2 developers shift to Web3

Circle has updated its suite of services designed to empower developers with the tools necessary to seamlessly transition from Web2 to Web3.

The most recent updates, Gas Station and Smart Contract Platform, aim to tackle some of the major obstacles hindering mainstream adoption of blockchain technology.

Gas Station: Improving gas fee management

Managing gas fees has long been a daunting task for developers and users alike. Circle's Gas Station aims to eliminate this...

Circle hopes new cross-chain USDC protocol will reduce exploits

Circle, creators of the stablecoin USD Coin (USDC), has launched a mainnet protocol enabling users to transfer USDC between the Ethereum and Avalanche blockchains. The cross-chain bridge is different from other bridges in that, instead of locking tokens sent to its contract, it completely burns coins on the sending chain and then mints new ones on the receiving chain. In the past, Avalanche users with USDC on Ethereum would need to deposit the tokens with a Circle-approved partner or use...

Circle bags £300m from BlackRock to compete with top stablecoin Tether

Circle

Web3 finance firm Circle has agreed to a $400 million (£307m) funding round as part of a broad strategic partnership with BlackRock.

As the issuer of stablecoin USD Coin (USDC), Circle is responsible for the fifth largest cryptocurrency by market cap alongside a host of decentralised finance (DeFi) tools.

The funding round is expected to close in the second quarter with other investors including Marshall Wace LLP and Fin Capital.

In addition to the capital...

Blockchain start-ups see record Q2 despite crypto plunge

Plant growing from coins

Blockchain start-ups worldwide raised a record £3.2 billion in funding during Q2 2021, in spite of the significant decline the cryptocurrency market has been experiencing since mid-April.

This data, collected by analytics firm CB Insights in its 'State of Fintech' report, represents a 50% increase over last quarter and a ninefold increase compared to the same time last year.

The global fintech industry also reached new heights in this quarter, with £22.4 billion being...