Company
Date Published
Author
Alex Behrens
Word count
725
Language
English
Hacker News points
None

Summary

Circle Internet Financial announced that the market cap of its USD Coin (USDC) has surpassed $25 billion, reflecting its rapid growth as a digital currency solution for businesses worldwide. USDC has enabled transactions worth over $700 billion, becoming a preferred choice for bridging traditional banking with blockchain technology due to its speed and security. The currency's expansion is supported by strategic global partnerships, such as those with Matrixport and Maps.me, which facilitate easier conversions between traditional financial services and digital currencies. Although Circle Yield, a program for investing idle capital, is currently not accepting new loans, Circle continues to explore future updates. The company's financial services are regulated under various licenses, but Circle emphasizes that it is not a bank, and its accounts are not insured by federal or international agencies. Investors are advised to conduct due diligence and consult legal and financial advisers before participating in Circle's offerings.