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Circle has limited the minting of its stablecoin USDC to institutional clients, forcing retail investors to purchase it from other platforms. In a separate development, Intuit is discontinuing its personal finance app Mint, which had 3.6 million monthly active users in 2021, and is urging users to switch to Credit Karma. The closure of Mint is planned for January 1, 2024.
Mint, one of the earliest and most popular personal finance apps, is shutting down. https://t.co/LUoFruLLtd
Mint, one of the earliest and most popular personal finance apps, is shutting down. Intuit, which acquired Mint in 2009, is encouraging users to switch to Credit Karma. https://t.co/8lkArNxzXa
News broke yesterday that @Intuit is to close its much loved personal finance app @mint and will shift users over to its recently acquired business @creditkarma.
Mint is shutting down, and it’s pushing users toward Credit Karma https://t.co/01cKx3gCNF
Mint Is Shutting Down, and It's Pushing Users Toward Credit Karma https://t.co/siXdEGEhcK
Mint is shutting down, and it’s pushing users toward Credit Karma https://t.co/KOHfPjOti2
Intuit plans to shut personal finance app Mint, which had 3.6M MAUs in 2021, on January 1, 2024, and is pushing users to Credit Karma, which it acquired in 2020 (@brodyford_ / Bloomberg) https://t.co/vhjbVIKpqz 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/ZecLLHZ8bG
Intuit is winding down personal-finance app Mint, and pushing users to shift to Credit Karma, a similar service that the company acquired in 2020 https://t.co/BO5v3ubGmi
The woes of B2C products and getting monetization out of them Intuit Is Closing Personal-Finance App Mint, Shifts Users to Credit Karma https://t.co/6fwZjau0Uo
Intuit is winding down personal-finance app Mint, and pushing users to shift to Credit Karma, a similar service that the company acquired in 2020 https://t.co/CJxNrXhzsq
ICYMI: Circle will no longer support stablecoin minting for consumer accounts https://t.co/Dpb7fS3XHA
Meanwhile, Circle cancels user redemption -- only for institutional clients going forward. Something probably none of use ever used. But not ideal. Circle Shuts Down Redemptions for Consumer Accounts, Limits Minting and Redemption of USDC to Qualified Institutional Clients… https://t.co/4PHu59AAZJ
USDC issuer Circle confirmed Tuesday it's shutting down retail accounts. That means users can no longer mint the stablecoin directly—they'll need to buy it from exchanges or brokerages. Read more: https://t.co/TGgpp81gnW
Retail Investors Can No Longer Mint USDC Directly Through Circle ► https://t.co/KfdqDM7Vk5 https://t.co/KfdqDM7Vk5
$USDC issuer @circle said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients. @sndr_krisztian reports https://t.co/CjwZYtXSRg
Circle will no longer support stablecoin minting for consumer accounts
EXCLUSIVE: Circle will no longer support stablecoin minting for consumer accounts https://t.co/kYVuLeBezf
Circle is shutting down redemptions of USDC for “consumer” accounts. That means only institutionalized investors will be able to mint and redeem USDC. Circle is basically making USDC non-redeemable just like the Tether fraud. So much for open money. H/t @Evan_ss6 https://t.co/wBHs5vJrvi