Circle’s now offering a market-leading Yield product built on USDC, available for select customers via an Early Access Program.
With Circle Yield, companies can access new, profitable ways to build corporate treasury programs via rapidly growing digital asset lending markets.
Select customers can now participate in the Circle Yield Early Access Program: a white-glove offering designed to give companies a seamless way to deploy capital into crypto yield, powered by USDC.
Circle Yield is a unique fully secured yield service available to corporations and financial institutions.
While interest rates have fallen, crypto lending markets have seen rapid growth, with more than $35B in assets under management deployed through CeFi lending markets as of March 2021 (“CeFi” refers to “Centralized Finance”, where crypto lending products are built and delivered on blockchains through bi-lateral institutional lending arrangements rather than decentralized protocols, or DeFi).
The growth in these markets presents corporate treasurers and asset managers with a dynamic new asset class, allowing them to diversify their treasury reserves while balancing risk in a well-regulated manner.
Circle Yield is a powerful new way to get started with crypto lending, offered from one of the most trusted institutions in the digital currency industry.
As a fully secured, overcollateralized offering backed with bitcoin collateral, your loan will be protected throughout its lifetime and as your interest accrues. The collateral is greater than your entire loan balance, segregated with a third-party agent in an omnibus wallet and pledged entirely to the benefit of Circle Yield customers.
Furthermore, with frequent margin calls for any fluctuation in underlying collateral value, the structure of the collateral reduces operational risk. Combined with competitive rates of up to 4% to 5% APY* as of December 29, 2021, with loan terms spanning a minimum of one month to 12, Circle Yield offers a new way to easily generate returns on capital.
Circle Yield is built entirely on USDC, the world’s fastest-growing dollar digital currency, with over $25B in circulation.
USDC is widely regarded as the most trusted stablecoin and has seen rapid growth over the past year – it is already used in millions of transactions each day, operating as a regulated, fully reserved stablecoin and examined and attested to each month by leading global public accounting firm Grant Thornton. Holding assets in USDC allows customers to move in and out of lending markets with speed and security.
By becoming a design partner in this Early Access Program, you help bring to life the next phase of Circle Yield, launching later this summer.
Customers must be an accredited investor headquartered or registered in the United States or Switzerland to participate at this time.
*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. Yield product offered through Circle International Bermuda Limited (“Circle Bermuda”). It is anticipated that Circle Bermuda will enter into lending arrangements with one or more institutional borrowers, including Genesis Global Capital, LLC.
Circle Account and money transmission services are provided by Circle Internet Financial, LLC or, for customers using Circle Account services located in the United Kingdom, Circle UK Trading Company Limited. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. Circle Payments, LLC, DFPI Money Transmitter License # 2549, is registered under the California Department of Financial Protection & Innovation. 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. Withdrawal requests for fixed term accounts could take up to 72 hours in high withdrawal periods and will be subject to an early withdrawal penalty.
*** Not currently available in the following U.S. states: Alaska, Minnesota, New York, Hawaii, and California
****Learn more about Genesis Global Capital, LLC here