What is circle & how does it work?

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. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC).

Where is circle based?

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. Circle is headquartered in Boston, Massachusetts.

What happened to Circle Internet financial?

In April 2022, Circle Internet Financial announced an agreement for a US$400 M funding round with investments from BlackRock, Fidelity Investments, Marshall Wace LLP and Fin Capital, expected to close in the second quarter. In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services.

What is circle Treasury & transaction services?

Today, Circle's transaction and treasury services are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity through the frictionless exchange of financial value.