Company
Date Published
Author
Eran Shtiegman
Word count
1331
Language
English
Hacker News points
None

Summary

At Converge22, Circle Internet Financial unveiled a suite of new digital asset custody and crypto treasury capabilities designed to facilitate on-chain business operations, emphasizing the future of commerce in this digital realm. This announcement forms part of Circle's broader efforts to enhance accessibility to USDC, simplify Web3 development, and increase digital currency payments for merchants. Building on the success of the Circle Account, Circle aims to integrate comprehensive treasury functions—store, pay, invest, and borrow—within this platform, providing businesses with flexibility and efficiency through a programmable, open infrastructure compatible with traditional financial systems. As more businesses transition on-chain, Circle is developing infrastructure to address evolving business needs across the entire lifecycle, enhancing payment processes, and offering investment and borrowing options through their Circle Yield product, despite its recent pause on new loans. Circle's offerings are subject to regulatory approvals and geographical restrictions, with a focus on fostering a dynamic environment for businesses to thrive in the digital currency ecosystem.