Company
Date Published
Author
Rachel Mayer
Word count
847
Language
English
Hacker News points
None

Summary

Circle Yield offers a unique investment solution for VC firms by providing fixed-rate investments in USD Coin (USDC), allowing venture capitalists to earn higher returns compared to traditional savings or money market accounts. This crypto-powered investment option addresses the need for liquidity and price stability, as it is fully secured and overcollateralized with Bitcoin, protecting investors from the volatility commonly associated with cryptocurrencies like Bitcoin and Ethereum. Although Circle Yield is not currently accepting new loans, it remains an attractive choice for VCs seeking to allocate idle cash efficiently while waiting for promising startup opportunities, with investment terms ranging from one to twelve months. The product is offered through Circle International Bermuda Limited and is available to "accredited investors" in the U.S. under specific regulatory conditions, though not in all states, and requires careful consideration of its objectives, risk factors, and fees.