Company
Date Published
Author
Alex Behrens
Word count
931
Language
English
Hacker News points
None

Summary

Circle Internet Financial offers a comprehensive payments infrastructure that facilitates the seamless integration of fiat-to-crypto on- and off-ramps for crypto startups, primarily using USD Coin (USDC). Launched in collaboration with Coinbase in 2018, USDC is a stablecoin with a market cap exceeding $27 billion as of August 2021, known for its stability, speed, low costs, and regulatory compliance. Circle provides products such as Circle Accounts, Payments, Payouts, and Digital Accounts, which enable crypto businesses to efficiently manage treasury operations, accept and make payments, and conduct payouts globally, benefiting from the security and speed of blockchain technology. Circle is regulated in the US by FinCEN and is licensed as a money transmitter in 46 states and other jurisdictions, ensuring compliance and stability for businesses utilizing its services. Through Circle's offerings, crypto startups can quickly expand their market reach, enhance user experience, and drive business growth in up to 80 countries.