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.
As an early crypto bull, Unstoppable Domains CEO Matthew Gould believes that Bitcoin won’t retest its all-time high of $64,000 for at least one year.
Stablecoin market to have hit $1T by 2025, Unstoppable Domains CEO predicts
USD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges.
Circle and Unstoppable Domains to introduce username-based USDC payments
Support for withdrawals comes shortly after Crypto.com launched support for USDC deposits, thanks to a new partnership with USDC issuer Circle.
Crypto.com enables withdrawals of USDC for users worldwide
The Singapore-based crypto trading platform has inked a partnership with stablecoin issuer Circle.
Crypto derivatives exchange Bitget to list USDC as collateral for margin trading
Tether’s general counsel said a full audit is coming in months.
Tether promises an audit in ‘months’ as Paxos claims USDT is not a real stablecoin
Grant Horton has conducted an audit on USDC’s reserves, and Jim Cramer has questioned what’s going on with Tether’s commercial paper reserves.
Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money
Circle’s share of the stablecoin market has grown to 23.5% in 2021, trailing only Tether. By going public, its “share will increase further?”
Circle IPO further legitimizes crypto before regulators, outsiders