Circle | USDC & Web3 Services for a new financial system (2024)

FAQs

What does Circle Internet Financial do? ›

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of cryptocurrency and public blockchains for payments and commerce worldwide. Circle is a pioneer of the fastest growing fiat-currency backed stablecoin, USD Coin.

In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle's founders.

Circle is one of Fast Company's Most Innovative Companies in blockchain, crypto, metaverse, and Web3.

Meet Circle

Circle is a global financial technology company at the center of digital currency innovation, helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. We are committed to stability and transparency in everything we do.

The full list of banks that held cash for Circle's USDC are Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank (a division of Flagstar Bank, N.A.), Signature Bank, Silicon Valley Bank and Silvergate Bank. Circle also keeps some part of USDC reserves in a dedicated BlackRock fund.

About Circle

It serves asset managers, financial technology companies, and financial institutions. The company was founded in 2013 and is based in Boston, Massachusetts.

Circle, in contrast, was backed by Goldman Sachs, though it didn't have the reach of Coinbase. The two were a match made in blockchain heaven.

The Circle IPO is anticipated post-SEC review, conditional on market and other factors, potentially as soon as the first half of 2024.

Coinbase buys stake in Circle as USDC pursues stablecoin market share. The sale to Coinbase and added blockchain integration means Circle's USDC is gaining momentum in the growing stablecoin market.

Amazon Managed Blockchain is a fully managed service designed to help you build resilient Web3 applications on public and private blockchains. With Managed Blockchain, you don't have to worry about deploying specialized blockchain infrastructure and keeping your Web3 applications connected to the blockchain network.

What is the difference between Web3 and Web3? ›

Differences between Web3 and Web 3.0

Web3 is focused on decentralization and security, while Web 3.0 is focused on intelligence and connectivity. Web 3.0 envisions a highly intelligent web that fosters seamless communication between various apps and services by enabling machines to comprehend and interpret information.

Crypto.com

Crypto.com is a popular Web3 company that enables users to purchase, sell, store, send, and monitor various currencies, digital assets, and NFTs. The platform allows you to trade over 250+ tokens using 20+ fiat currencies.

How Does Circle Make Money? Circle's products are freely available in app stores, and the company does not charge fees for transactions or transfers. It makes money through the trading of bitcoin and other cryptocurrencies in over-the-counter (OTC) markets and at digital exchanges.

Circle is a financial technology firm that utilizes stablecoins for payments and e-commerce.

Circle Pay uses ethereum's blockchain platform to enable free money transfers on its app. The app also uses a two-factor authentication process to ensure secure processing. Users registering with Circle Pay are required to link their bank and debit card details to their accounts.

Circle Internet Financial has an overall rating of 4.2 out of 5, based on over 139 reviews left anonymously by employees. 74% of employees would recommend working at Circle Internet Financial to a friend and 64% have a positive outlook for the business. This rating has been stable over the past 12 months.