Circle is a service for making instant money transfers. The Circle startup was launched in 2013 by Jeremy Allaire and Sean Neville. The Circle app is a platform that allows users not only to send and receive money, but also stores it as well. In 2015, the Circle company got a BitLicense and started operating as a Bitcoin wallet service to trade with cryptocurrency. The main feature of using Circle is that Bitcoin kept in the wallet is insured, so the in case of money being stolen from the user’s account, all the money will be compensated. For this, Circle keeps the equal amount of cryptocurrency on its account to all the Bitcoin stored on the platform. Currently, the Circle finance company uses blockchain technology for not only crypto transactions, but for traditional transfers as well.
The asset's new multichain partner makes it so.
USDC now capable of 1000 transactions per second with near-zero fees
Stablecoin issuer Centre has confirmed they froze an Ethereum address holding $100,000 USDC at the request from law enforcement.
Centre Freezes Ethereum Address Holding $100K USDC
Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months.
Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap
Clinton-era Treasury Secretary Summers doesn’t buy some of the crypto community’s anarchic sentiments but agrees that they are solving a major problem.
Former US Treasury Head Calls Payment ‘Friction’ the Best Argument for Crypto
USD Coin, which is a joint venture of Circle and Coinbase, will soon launch on the Algorand blockchain.
Circle Announces Support for USDC Stablecoin on Algorand Blockchain
As the global economy trembles, investors continue to find sanctuary in stablecoins, which have increased their market cap dramatically.
Stablecoins Provide Cover as Global Risks and Uncertainty Quake
Voyager has completed its acquisition of Circle Invest after onboarding 40,000 customers.
Voyager Onboards 40,000 Circle Invest Customers