Company
Date Published
Author
Rachel Mayer
Word count
684
Language
English
Hacker News points
None

Summary

Circle Internet Financial highlights the growing acceptance and integration of crypto assets and digital currencies, emphasizing the rise of digital dollar stablecoins like USDC in the financial market. These stablecoins are increasingly used in internet-based borrowing, lending, and corporate treasury functions. Despite recent successes, Circle Yield has paused accepting new loans as of November 2022, but the company plans to launch high-yield business accounts utilizing USDC, available for businesses and startups. This initiative aims to merge Circle's payment infrastructure with Genesis's institutional crypto lending capabilities, providing businesses with an integrated financial solution. However, availability depends on regulatory approval and market conditions, with participants advised to consult with legal and financial advisors.