What is circle cryptocurrency?

About us. Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. What is a stable coin in crypto?

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.

What happened to circle bitcoin exchange?

In 2016, Circle discontinued its bitcoin exchange and announced that it would focus on its own blockchain protocol, Spark, a smart contract platform which utilizes a combination of technologies, including bitcoin and other blockchains in addition to traditional settlement systems, to carry out payments.

What is circle & how does it work?

This article relies excessively on references to primary sources. 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.