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Circle (legally Circle Internet Financial Limited) is a peer-to-peer payments technology company that now manages stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle is headquartered in Boston, Massachusetts.
While Tether has recently begun to hire lobbyists to make its case in Washington, D.C., Circle and its USDC partners are likely in a far better position to win favor with risk-averse financial ...
Circle Internet Financial, the company behind stablecoin USDC, is moving its global corporate headquarters from Boston to New York City, after filing confidentially earlier this year for a U.S ...
Circle’s decision to hold $3.3 billion with Silicon Valley Bank was a classic disruptor move—Circle was focused on growth, and with banks closing their doors to crypto companies, it went with ...
The company’s newest effort to go public comes a year after Circle scrapped plans to list shares via a special purpose acquisition company in a deal that would have valued Circle at $9 billion.
Allaire has said of Circle and Bitcoin, "We want to make this as easy to use as Gmail, Skype, and other consumer services on the Internet today". [16] The company has received over $135 million in venture capital from four rounds of investments from 2013 to 2016, including $50 million led by Goldman Sachs .
Circle announced USDC on May 15, 2018, [7] and it was subsequently launched in September of the same year by Centre, a consortium formed through a joint venture between Circle and Coinbase. [ 9 ] On March 29, 2021, Visa announced its support for USDC, enabling the cryptocurrency to be used for selling transactions within its payment network.
Stablecoin issuer Circle is calling on Congress to quickly push through regulations after the firm's USDC broke its peg to the dollar over the weekend amid uncertainty on its deposits parked at ...