USDC Yield Circle Account

Meet the new Circle Account

Meet the new Circle Account

Rachel Mayer Rachel Mayer February 23, 2022

We are excited to announce the launch of the new Circle Account, your home for business growth and a starting place for digital asset innovation. With today’s launch, the new product is now available to all new and existing Circle customers. We invite you to explore a variety of new features that make running your business with USD Coin (USDC) easier than ever.

The new Circle Account offers businesses around the world access to one of the world’s fastest-growing dollar digital currencies, USD Coin (USDC). With more than $52 billion in circulation as of February 23, 2022, USDC is fully backed by cash and equivalents and short-duration U.S. Treasuries. It is always redeemable 1:1 for U.S. dollars.

The Circle Account allows for the most direct USDC access and automation, including unlimited access to depositing and withdrawing USDC and access to near-instant bank transfers via Signature Bank’s Signet and the Silvergate Exchange Network (SEN). With the Circle Account, you can:

  • Access and swap USDC across 8 public blockchains, transacting in seconds at low cost, while maintaining the flexibility to move across chains as needed
  • Add multiple users, download transaction reports, benefit from enterprise-grade security in the form of multi-factor authentication and secure crypto custody, as well as other features of a modern treasury product
  • And, for eligible institutional accredited investors, the Circle Account is your entry point to Circle Yield* – earn interest on idle cash, with rates as high as 4-6%** as of February 2022, and flexible terms ranging from one month to 12 in a complete self-service fashion

It’s all available through one simple interface, with the ability for existing users to upgrade today from within their accounts via a seamless self-service UI. The Circle Account is also the starting place for building USDC functionality directly into your business via Circle APIs, enabling customers to accept payments, issue global payouts and maintain a flexible user accounts infrastructure as their business scales. 

Circle customers are already using the new Circle Account to move forward. In the words of Alex Song, Head of Finance & Capital Markets at Ramp,

"Our Circle Account gives incredible confidence and control over our investment in Circle Yield. It is easy to use and provides up-to-the-minute status across all of our USDC investments."

Ben Duggan, Head of Investor Relations at Berkley Capital, says, “We’ve been extremely impressed with the Circle Account, especially how quick and easy it is to use. Sometimes we send funds in and out and are in and out of the website in less than a minute.”

Reach beyond borders and trade faster with the Circle Account. For institutional accredited investors, earn yield and increase your bottom line with Circle Yield. No matter the stage of your business, the Circle Account can help you transact freely and accelerate your global growth.

Learn more about the new Circle Account and get started today.


*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 borrowers 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.

Circle Yield is currently not available in the following U.S. states: Alaska, Minnesota, New York and Hawaii.

**Rates are purely indicative and are subject to change pending availability, approval and market conditions. 

***Learn more about Genesis Global Capital, LLC here.

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