What is circle cryptocurrency?

Circle started as a consumer peer-to-peer cryptocurrency payments and exchange platform, sponsoring the popular cryptocurrency exchange Poloniex after the exchange experienced hardship in 2017, which was later spun out in October 2019. 2

Is Circle A stablecoin?

Circle began as a peer-to-peer payments technology company that now manages stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle is headquartered in Boston, Massachusetts. USDC is designed to hold at or near a stable price of $1.

Is Circle a P2P wallet & exchange app?

Originally a consumer-facing P2P payment and cryptocurrency wallet & exchange app, the company has since refocused on commercial blockchain and crypto applications. Circle launched a stablecoin in 2018 known as USD Coin, backed by $1 or asset with equal, fair value. 7

What is circle & how does it work?

Circle's open source project is called Centre and is named after the Cent Routing Exchange protocol it uses. Transfers within the app take place using Centre tokens (CENT), an Ethereum token. The project enables transfers between consumer digital wallets that support different currencies.