# Circle İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Circle" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

USDC issuer Circle to acquire nearly 1,000 IBM blockchain patents

Circle, the issuer of the USDC stablecoin, has announced its acquisition of IBM's extensive blockchain patent portfolio. The deal involves over 680 patent families and nearly 1,000 issued patents globally, a move that Circle states establishes it as the leading holder of blockchain patents in the United States. This intellectual property is intended to bolster Circle's foundation for building an internet-based financial system. While financial terms were not disclosed, Circle's stock price saw an increase following the announcement. IBM's blockchain efforts have historically focused on supply chain applications, though its patent filings in the area have slowed in recent years after a peak period in 2018-2019. Circle's leadership emphasized that acquiring IBM's pioneering innovations will enhance its ability to develop the infrastructure for global, internet-native finance.

cointelegraphDün 13:20

USDC issuer Circle to acquire nearly 1,000 IBM blockchain patents

cointelegraphDün 13:20

Former CFTC Chairman, Circle President Tarbert: Preaching Long-Termism While Cashing Out $30 Million Himself

Former CFTC Chairman and Circle President Heath Tarbert has consistently advocated for a long-term vision in public, urging patience from investors as Circle’s stock price has fallen significantly from its peak. However, it has been revealed that since Circle’s IPO, Tarbert has continuously sold his CRCL shares through pre-arranged trading plans, cashing out approximately $30 million, without making any public market purchases. This contrast between his public messaging and personal actions has drawn criticism. Tarbert joined Circle in July 2023 as Chief Legal Officer, leveraging his regulatory experience to help guide the company through its IPO and expansion. Despite promoting stablecoins as long-term infrastructure, he established a 10b5-1 trading plan just before Circle went public, leading to substantial stock sales over the following year. In March 2026, he initiated another plan to sell more shares. His career trajectory highlights a pattern of moving between high-level regulatory roles and influential positions in the financial sector. After resigning as CFTC Chairman in early 2021, he joined Citadel Securities as Chief Legal Officer just 27 days later, during a period of intense regulatory scrutiny for the firm. He later joined Circle, aiding its efforts to navigate regulatory challenges for its public listing. While Tarbert's expertise in policy and compliance is valuable to companies like Circle, his actions—advocating long-term confidence while personally divesting—raise questions about the alignment between his public statements and his private financial decisions, leaving investors who followed his advice to bear the market risks.

marsbit07/22 08:06

Former CFTC Chairman, Circle President Tarbert: Preaching Long-Termism While Cashing Out $30 Million Himself

marsbit07/22 08:06

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

Circle's stock price has plunged approximately 76% from its 2023 peak, reflecting a major market revaluation. Despite this, Circle President Heath Tarbert emphasized the company's focus on long-term execution and its dominant position with USDC's $73 billion circulation across 34 blockchains. The competitive landscape is intensifying. A new consortium-backed stablecoin, Open USD, is attempting to challenge incumbents by sharing reserve yields with partners. More significantly, Visa's new stablecoin platform, initially supporting Open USD while also being compatible with USDC, could erode Circle's network effects. In response, Circle is expanding into real-world payments through partnerships like the one with Japan's JCB. Separately, Tether (USDT) faces a two-year compliance window under new U.S. regulations, requiring it to adjust its reserve composition away from assets like Bitcoin and loans towards cash and U.S. Treasuries. Meanwhile, in Hong Kong, Standard Chartered-backed fintech firm Dian Dian is poised to launch a licensed HKD-pegged stablecoin (HKDAP), moving the industry into a phase where the real test is integrating licensed stablecoins into actual payment flows and corporate treasury systems. The sharp decline in Circle's stock underscores a broader shift: the stablecoin market is moving from a winner-takes-all dynamic to a multi-player competitive arena where execution, compliance, and real-world utility are becoming paramount.

marsbit07/21 07:08

Circle's Stock Price Plunges 76%, Hong Kong Dollar Stablecoin Set to Launch Within Two Weeks

marsbit07/21 07:08

73 Sell Trades, 0 Buy Trades: Is This the 'Long-termism' of Circle's Management?

**Title: "73 Sales, 0 Buys: Is This Circle Management's 'Long-Termism'?"** In July, Circle President Heath Tarbert claimed the company was "playing the long game" and its stock price would "take care of itself." However, an analysis of SEC Form 4 filings reveals a contrasting picture: since CRCL's IPO, Circle's top executives and board members have consistently sold shares while making zero purchases. Key insiders, including CEO Jeremy Allaire, multiple board members, the CFO, CPTO, CAO, and President Tarbert himself, have executed a total of 73 sell transactions, collectively cashing out approximately $664 million. Tarbert alone has sold 10 times for about $30.77 million. While insider sales can be routine for diversification, the complete absence of any buys—especially after CRCL's ~70% price drop from its highs—raises questions. This one-sided trading pattern seems at odds with management's public assurances of long-term confidence and suggests they may not view the depressed stock as a compelling buying opportunity. The article argues this activity amplifies existing market doubts. Investors are reevaluating whether Circle's valuation is justified, questioning if it is truly a future financial infrastructure platform or remains primarily dependent on USDC's scale and the interest rate environment. Ultimately, Circle will need to demonstrate its long-term narrative through tangible business performance.

marsbit07/20 08:53

73 Sell Trades, 0 Buy Trades: Is This the 'Long-termism' of Circle's Management?

marsbit07/20 08:53

73 Sales, 0 Purchases: Is This Circle Management's 'Long-Termism'?

The article questions the sincerity of Circle's management's commitment to "playing the long game" after its stock (CRCL) fell over 70% from its high. While Circle President Heath Tarbert publicly expressed long-term confidence in a TV interview, an examination of SEC Form 4 filings reveals that he and other key insiders—including the CEO, CFO, board members, and other executives—have been consistently selling their shares since the company's IPO. The data shows a total of 73 sell transactions and zero buys, resulting in approximately $664 million in collective proceeds. The piece argues that while insider selling is common for diversification, the complete lack of buying activity during the stock's steep decline is telling. Management, with superior knowledge of the company's operations, has not taken the perceived opportunity to buy at lower prices. This one-sided trading pattern undermines their public messages of long-term faith. Ultimately, the article suggests these actions amplify existing market doubts about Circle's valuation. Investors are reevaluating whether Circle's business—still heavily reliant on USDC reserve earnings—can justify its previous high-growth narrative amid a competitive stablecoin landscape and uncertain macroeconomic conditions.

Odaily星球日报07/20 08:49

73 Sales, 0 Purchases: Is This Circle Management's 'Long-Termism'?

Odaily星球日报07/20 08:49

CRCL rebounds as investors weigh OUSD competition and Coinbase talks

Circle's (CRCL) stock price is recovering near the $65 level, having gained nearly 4% in the current session. This rebound comes as investors evaluate several key factors. These include regulatory progress for its USDC stablecoin, increasing competitive pressures, and challenges to its distribution model. Despite the recent gain, 2026 has been difficult for the company, with the stock down approximately 21% from its earlier peaks above $130 earlier in the year.

ambcrypto07/16 15:14

CRCL rebounds as investors weigh OUSD competition and Coinbase talks

ambcrypto07/16 15:14

Chicago Plan Resurrected: Circle Obtains Banking License, a Radical Monetary Experiment from 90 Years Ago Quietly Comes Ashore

In the depths of the Great Depression, University of Chicago economists proposed the radical "Chicago Plan": abolishing fractional reserve banking to completely separate money creation from credit issuance. Though deemed too extreme for its time, the core idea of "narrow banking" — where money creation is independent of lending — has resurfaced. Stablecoin issuer Circle’s recent acquisition of a federal bank charter, which explicitly prohibits it from making loans, represents a significant step toward realizing this decades-old theory. The article explores how this modern incarnation could reshape the financial system, questioning who will control the "money spigot" if traditional banks lose their power to create money, and touches on the potential implications, including the dramatic possibility of negative national debt as theorized in a 2012 IMF paper.

marsbit07/16 02:47

Chicago Plan Resurrected: Circle Obtains Banking License, a Radical Monetary Experiment from 90 Years Ago Quietly Comes Ashore

marsbit07/16 02:47

Circle Secures a 'Federal Infrastructure License' for Stablecoins: The Deep Implications of Circle National Trust Receiving Final Approval from the OCC

Circle announced on July 10, 2026, that it has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a federally chartered national trust bank. This landmark event marks the first time a stablecoin issuer has formally entered the U.S. federal regulatory system as a trust bank, signifying a major shift in competition from simply issuing tokens to controlling regulated infrastructure for issuance, custody, reserve management, and settlement. Initially, Circle National Trust will focus on providing digital asset custody services for Circle and its affiliates, with plans to potentially extend services to institutional clients later. While reserve management for USDC is planned as a future capability, the approval of the trust charter creates a federal pathway for it. This grants Circle significant federal regulatory credibility, a crucial factor for institutional adoption of USDC. The move positions USDC to evolve from a crypto-company stablecoin toward a federally supervised dollar settlement infrastructure. The approval underscores a strategic focus on building vertical integration for stablecoins—encompassing issuance, custody, and settlement—within a specialized trust bank model rather than a traditional commercial bank. This model aligns with the full-reserve, payment-oriented nature of stablecoins while leveraging federal oversight. For the broader payments industry, this development strengthens the stablecoin settlement rail for use cases like cross-border payments and real-time settlement, complementing rather than replacing existing systems like Visa or Mastercard. The move reshapes the competitive landscape, as other players like Coinbase and Paxos also seek similar trust charters. Circle has now established a significant regulatory moat. Overall, this approval represents a pivotal step for stablecoins, transitioning them from innovative tools to core financial infrastructure governed by the highest levels of U.S. banking regulation.

marsbit07/12 07:32

Circle Secures a 'Federal Infrastructure License' for Stablecoins: The Deep Implications of Circle National Trust Receiving Final Approval from the OCC

marsbit07/12 07:32

Circle Obtains a "Federal Infrastructure License" for Stablecoins: The Deep Meaning Behind the OCC's Final Approval of Circle National Trust

Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a federally regulated national trust bank. This marks the first time a stablecoin issuer has entered the core U.S. financial regulatory system as a federal trust bank. Initially, the entity will focus on providing digital asset custody services for Circle and its affiliates, with plans to potentially offer reserve management in the future. This approval provides significant federal regulatory credibility, moving USDC towards becoming a "digitally native dollar settlement infrastructure." It strengthens Circle's ability to build a vertically integrated stablecoin platform encompassing issuance, custody, and settlement. The move signals a shift in the stablecoin competitive landscape—from simply issuing tokens to controlling federally supervised infrastructure. It enhances the role of stablecoins like USDC in payment settlements, particularly for cross-border transactions, by offering greater regulatory certainty for institutional adoption. Competitors like Coinbase and Paxos are also pursuing similar trust bank charters, highlighting the race to control the future infrastructure for digital dollar transactions.

链捕手07/12 07:26

Circle Obtains a "Federal Infrastructure License" for Stablecoins: The Deep Meaning Behind the OCC's Final Approval of Circle National Trust

链捕手07/12 07:26

Circle secures final OCC approval for national trust bank to strengthen USDC infrastructure

Circle has received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a federally regulated national trust bank. This marks a key regulatory milestone, bringing core parts of the company's USDC stablecoin infrastructure under direct federal oversight. The new bank will initially provide digital asset custody services for Circle and its affiliates, with a pathway to serve institutional clients and potentially manage the USDC reserve in the future. The approval advances Circle from the conditional stage it reached alongside other crypto firms in late 2025. This move reflects a broader trend of integrating crypto infrastructure into the existing U.S. banking framework through national trust charters, which specialize in custody and fiduciary services rather than traditional lending.

ambcrypto07/10 14:09

Circle secures final OCC approval for national trust bank to strengthen USDC infrastructure

ambcrypto07/10 14:09

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