Circle

The payment protocol, built on the Solana blockchain, has been integrated into Shopify.

While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.

Circle CEO Jeremy Allaire expressed interest in partnerships in the country, given that new rules governing stablecoins have come into effect.

Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China.

Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.