BOSTON, May 28, 2021 — As a company, Circle has been committed to building lasting and trusted digitally-native payments and financial solutions on public blockchains.
Our vision and mission of raising prosperity and powering new business models on the Internet, has just received a big boost from our strategic investors, as we announce $440 million in financing to drive our market expansion and growth.
The financing, among the top 10 in private fintech investments, fuels the company’s continued growth, organizational development and market expansion opportunities. On the heels of recruiting world-class leaders to Circle’s executive team, including Dante Disparte, as Chief Strategy Officer and Head of Global Policy, Jeremy Fox-Geen, as Chief Financial Officer, Mandeep Walia as Chief Compliance and Risk Officer, along with hundreds of open roles across the U.S. and around the world, Circle is now poised to meet significant global demand for its products and services aimed at marrying the existing financial system with breakthroughs in digital currency within payments and finance.
We are grateful to our colleagues, customers, strategic partners, investors, regulators and other stakeholders who are continuing to work with us in making Circle’s vision a reality.
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle's platform has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully reserved dollar digital currency. USDC now stands at more than 22 billion and has supported over $615 billion in transactions over the past year. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce.