DeFi Daily News
Tuesday, June 10, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Altcoins

Jeremy Allaire, CEO, Announces Circle’s New ‘Compliance Engine’ for On-Chain Company Development – The Daily Hodl

Daily Hodl Staff by Daily Hodl Staff
September 26, 2024
in Altcoins
0 0
0
Jeremy Allaire, CEO, Announces Circle’s New ‘Compliance Engine’ for On-Chain Company Development – The Daily Hodl
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

In the dynamic realms of blockchain technologies and cryptocurrency, Circle, the company behind the issuance of USDC, has unveiled an innovative tool set to revolutionize the way companies engage with on-chain development. This tool, named the “Compliance Engine,” marks a significant stride towards simplifying and securing the development ecosystem for developers and companies alike.

Jeremy Allaire, the CEO of Circle, recently shared details about this groundbreaking tool. The Compliance Engine is not merely an addition to Circle’s offerings but a testament to a decade’s worth of expertise and innovation in the crypto space. Developers can look forward to a seamlessly integrated experience with Circle’s programmable smart wallets, thanks to this engine. Allaire’s vision is clear: to furnish developers and operations teams with robust tools that enable the creation of financial applications directly on the blockchain.

The capabilities of the Compliance Engine are multifaceted. It encompasses a new Transaction Screening tool aimed at identifying risky and suspicious transactions at the first instance. Moreover, its Transaction Monitoring tool is engineered to pinpoint potential high-risk behaviors, ensuring that operations teams can mitigate risks promptly. The cherry on top is the new Travel Rule service, which is designed to assist companies in adhering to global compliance requirements for large on-chain transactions. These tools together provide a comprehensive shield against the myriad of risks in the on-chain world.

This summer was a landmark period for USDC and Circle’s euro-pegged stablecoin, EURC. Both achieved a significant milestone by attaining compliance with the European Union’s Markets in Crypto Assets (MiCA) regulations. MiCA represents a significant legislative framework aiming to establish a regulated environment for crypto assets in the EU. It encompasses a broad spectrum of rules focused on supervision, consumer protection, and environmental sustainability of crypto assets.

One of the key aspects of MiCA is its dedication to curtailing financial crimes such as market manipulation, money laundering, and the financing of terrorism. By placing stablecoin issuers like USD Coin under the supervision of the European Banking Authority and mandating them to maintain adequate liquid reserves, MiCA ensures a safer and more reliable crypto landscape. The full effects of this legislation are poised to unfold when it comes into effect in December 2024.

The significance of USDC in the stablecoin arena cannot be overstated. Aimed at maintaining a steadfast 1:1 peg to the US dollar, USDC is currently the second-largest stablecoin by market capitalization, boasting a staggering $36.06 billion at the time of this writing. This places it at the forefront of digital currency stability and reliability.

As we navigate through this ever-evolving digital currency landscape, one thing remains clear – innovation and compliance are paramount. Circle’s Compliance Engine is set to provide a robust framework for developers and companies keen on building secure and compliant financial applications on-chain. This, coupled with the achievements in aligning with regulatory requirements such as MiCA, presents an optimistic future for stablecoins and the broader crypto ecosystem.

For enthusiasts and professionals keen on staying abreast of these developments, resources such as DeFi Daily News prove invaluable. Offering a plethora of articles and updates, it serves as your go-to source for everything happening in the decentralized financial space.

In the swirling vortex of digital currencies, innovations like Circle’s Compliance Engine shine as beacons of progress, guiding the blockchain world towards a future where development, compliance, and security converge in harmony. As we look forward to the tangible impacts of these innovations and regulations like MiCA, one thing is for sure – the blockchain and crypto landscapes are set for an exciting and transformative journey ahead.

Don’t lose the rhythm of this ever-changing crypto beat. Subscribing to email alerts, checking price actions, and following developments on social platforms like X, Facebook, and Telegram can keep you in sync. Dive into the Daily Hodl Mix for an eclectic blend of crypto news and insights.

 

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Conduct your due diligence before embarking on any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Remember, your transactions and trades are your sole responsibility, and any resultant losses are borne by you. The Daily Hodl neither endorses nor advises on buying or selling any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Note that The Daily Hodl engages in affiliate marketing.

Generated Image: MidjourneyFeatured Image: Shutterstock/Sol Invictus



Source link

Tags: AllaireAnnouncesCEOCirclescompanyComplianceDailyDevelopmentengineHodlJeremyOnChain
ShareTweetShare
Previous Post

‘BEST WE HAVE’: Kamala Harris roasted for one-on-one interview

Next Post

Neighbors’ ‘Extreme’ Bad Behavior Results in Couple Being Awarded Over $500K

Next Post
Neighbors’ ‘Extreme’ Bad Behavior Results in Couple Being Awarded Over 0K

Neighbors' 'Extreme' Bad Behavior Results in Couple Being Awarded Over $500K

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

Exploring the Top Option for Streaming On-Chain Data – Moralis Web3 | Enterprise-Grade Web3 APIs as an Alternative to QuickAlerts

July 12, 2024
Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

August 16, 2024
rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

April 17, 2025
Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

Brendan Murphy Releases ‘Spacemen’ Bitcoin Art Series Through Ordinals on Coin Media

July 18, 2024
Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

August 27, 2024
rewrite this title Jeanie Buss shockingly admits keeping Luka Doncic-AD deal ‘under wraps’ to avoid any leak leading to trade collapse

rewrite this title Jeanie Buss shockingly admits keeping Luka Doncic-AD deal ‘under wraps’ to avoid any leak leading to trade collapse

April 17, 2025
rewrite this title Charles Hoskinson Introduces Cardinal, First Bitcoin DeFi Protocol On Cardano Network

rewrite this title Charles Hoskinson Introduces Cardinal, First Bitcoin DeFi Protocol On Cardano Network

June 10, 2025
rewrite this title 18 Foods That Can Keep You Feeling Full Longer Than a Protein Bar

rewrite this title 18 Foods That Can Keep You Feeling Full Longer Than a Protein Bar

June 10, 2025
rewrite this title Self-Driving Waymo Cars Torched During ICE Protest in Los Angeles – Decrypt

rewrite this title Self-Driving Waymo Cars Torched During ICE Protest in Los Angeles – Decrypt

June 9, 2025
rewrite this title and make it good for SEOInsurers’ new biz premiums up in May, policy sales fall

rewrite this title and make it good for SEOInsurers’ new biz premiums up in May, policy sales fall

June 9, 2025
rewrite this title Apple Tones Down AI Hype While Showcasing Next iPhone, Mac Features – Decrypt

rewrite this title Apple Tones Down AI Hype While Showcasing Next iPhone, Mac Features – Decrypt

June 9, 2025
rewrite this title RLUSD surpasses 0M supply as Ripple secures UAE backing

rewrite this title RLUSD surpasses $300M supply as Ripple secures UAE backing

June 9, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.