Circle Yield* has seen significant growth over the past months, showcasing strong demand for investments powered by dollar digital currency markets. Now we’re excited to announce the expansion of Circle Yield to qualified businesses at a minimum allocation of $100,000, making it easier than ever to take advantage of secured, fixed-rate investments denominated in USD Coin (USDC).
Circle Yield is a professionally managed way to interact with the fast-growing cryptocurrency ecosystem without directly holding crypto assets that can be volatile. Circle Yield is now available in additional jurisdictions, expanding the reach of capital market investment opportunities.
Circle Yield customers have already seen success with their early positions, with more than 85% of Yield positions being reinvested following the initial investment term1.
“With Circle Yield, our customers have a seamless and fully secured way to take advantage of crypto capital markets. We’ve been thrilled to work with the likes of Kevin O’Leary2 and social network Minds among many other design partners throughout our Early Access phase,” Circle VP of Product Rachel Mayer said.
“As the product expands to a broader reach of businesses, we look forward to accepting new customers and providing greater access to superior crypto returns.”
Circle Yield offers secured term investments with rates from 6-8%** APY as of December 2, 2021, and terms ranging from one to twelve months. As Circle Yield continues expanding to new customers, we’re excited to announce deeper integration between Yield and the Circle Account.
With the Circle Account, Yield customers now have a tailored access solution for tracking, understanding and reporting on Yield allocations, unlocking improved due diligence through an-easy-to-use interface.
*Offering subject to business approval, geographical availability, and regulatory authorization, and there is no guarantee that the product will become available in a specific timeframe or to a specific customer or geography. Circle Yield product offered through Circle International Bermuda Limited (“Circle Bermuda”). Circle Bermuda has entered into lending arrangements with one or more institutional borrowers, including Genesis Global Capital, LLC.**** These lenders pledge and transfer Bitcoin into custody with a third party custodian as collateral for their USDC borrowings and Circle Yield investors benefit from a security interest in Circle Bermuda’s security interest in the pledged Bitcoin.
Circle Account and money transmission services are provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. A full list of Circle’s licenses can be found here.
Circle is not a bank; your Circle Account is not a bank account, and any funds are not insured by the Federal Deposit Insurance Corporation, the Securities Investor Protection Corporation or by any US or foreign government agency, insurance fund, person or entity. For investors in the United States, investments described in this communication are offered by Circle Bermuda to “accredited investors” only in accordance with Regulation D, Rule 506(c) of the Securities Action of 1933, as amended. While Circle Bermuda is regulated by the Bermuda Monetary Authority for digital asset business, Circle Bermuda is not engaged in banking and deposit taking activities and is not regulated for these purposes. You should carefully conduct your own investigations and analyses in connection with any participation in this product, including its objectives, risk factors, fees and expenses and the information set forth in these materials. All prospective participants in the products described herein are advised to consult with their legal, accounting and tax advisers regarding any potential participation. Please read the offering documents carefully before you invest. Additional information is available upon request.
**Rates are purely indicative and are subject to change pending availability, approval and market conditions.
*** Not currently available in the following U.S. states: Alaska, Minnesota, New York and Hawaii.
****Learn more about Genesis Global Capital, LLC here.