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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 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 Internet Financial has begun moving the reserves for its USDC stablecoin into a dedicated fund set up by BlackRock Inc. and registered with the U.S. Securities and Exchange Commission, the ...
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 ...
Circle announced USDC on May 15, 2018, [6] 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.
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 .
Chime Financial raised $750 million, also in 2021, that valued it at $25 billion. The last funding round of Circle Internet Financial in April 2022 valued that company at around $8 billion ...
Breyer has led several Series A investments, including Etsy, [18] Clinkle [19] and Circle Internet Financial. [20] He has also led investments in Legendary Pictures [ 13 ] and Spotify . [ 21 ] Forbes said of Breyer, "He glides easily within and between circles: Silicon Valley, China, Europe, and Hollywood."