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 $25 million fund will be used to support Miami-based blockchain startups developing digital payment solutions on the Algorand network.
VC firm Borderless Capital floats $25M blockchain fund in Miami
Circle now hodls the record for receiving the biggest investment round taken in by a crypto entity.
Stablecoin company earns record-level investment sum for a crypto outfit
USDC has seen huge growth and is gaining fast on Tether, the king of the stablecoins.
Jeremy Allaire: ‘USDC is halfway to flipping PayPal’
The Internal Revenue Services will seek information from Circle on all U.S. taxpayers who traded at least $20,000 worth of crypto between 2016 and 2020.
IRS authorized to access information on Circle's crypto traders to nab tax cheats
The result of developments in both crypto technology and regulation, Circle’s new USDC API provides a bridge between crypto and traditional finance.
Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi
New Year Special
As the crypto community grows, several companies stood out to lead the pack in 2020.
The crypto and blockchain projects with the biggest buzz in 2020
The crypto industry and regulators need time to collaborate on better regulations.
Circle CEO joins appeal against US Treasury self-hosted crypto wallet ban