Organizations in many jurisdictions are leveraging the power of the new Circle Account to power their business growth, lower costs and add new efficiencies to their operations. As Web3 service providers continue to adopt digital asset infrastructure, the Circle Account offers a unique solution for using USD Coin (USDC) to manage, diversify and allocate treasury assets for growth. The Circle Account makes it easy for digitally native businesses to transact across eight leading blockchain networks with the speed and cost-effectiveness of Web3 infrastructure, while maintaining a connection to traditional financial rails and accounts.
Simplified access to Circle Yield*
As of November 17, 2022, Circle Yield is not accepting new loans. We are evaluating future updates to the program.
Born and raised within the digital asset ecosystem, many organizations building on or with Web3 infrastructure are deeply familiar with transacting using cryptocurrencies like Bitcoin or Ethereum. Many have raised funds paid in crypto assets, often receiving enough capital to generate years of runway as they execute their vision. But direct exposure to crypto assets can also introduce volatility to treasury reserves that these businesses rely on to fund their operations in the long term.
Circle Yield is an alternative to holding USDC or staking native crypto assets. Circle Yield uses USDC for use in crypto capital markets and generates returns by filling demand for stablecoins on-chain, rather than by helping secure a blockchain network. In some cases, rates offered by Circle Yield can be greater than those offered by staking cryptocurrencies and are locked in for the duration of the loan, with terms ranging from one to twelve months.
The Circle Account makes it easy for qualified businesses and financial institutions to seamlessly invest into crypto capital markets, view earnings and manage their Yield positions within a unified interface. Digitally native organizations now have simplified access to Circle Yield, which operates under a clear regulatory framework to provide investments using on-chain assets, all built with the efficiency and security of USDC.
Transaction reporting made easy
Keeping track of blockchain-based payments, receivables and spending can be challenging, requiring time-consuming analysis of on-chain transactions or expensive third-party services to compile data for tax and compliance reporting.
Now, data exports for all USDC transactions to and from the Circle Account are available, dramatically reducing the overhead required to track and report hundreds or thousands of transactions each day. With the Circle Account, organizations can do business at the speed of the internet with confidence that transactions can be easily reviewed on demand.
In addition to on-chain asset management, the Circle Account makes it easy for Web3 businesses to maintain a link to the traditional financial system, with support for traditional bank wires. It’s easy to pay many suppliers in USDC without relying on complex, multi-step off-ramps to access fiat USD.
It’s all available in a beautifully redesigned user interface crafted to help organizations around the globe operate more efficiently and grow their businesses without straying from their digitally native roots.
If your Web3 business is looking for a unified solution to enhance operations within the digital asset ecosystem and provide a trusted bridge to the traditional financial system, get started with a free Circle Account 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. Not currently available in the following U.S. states: Alaska, New York and Hawaii. Rates are purely indicative and are subject to change pending availability, approval and market conditions.
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. Circle Bermuda is licensed by the Bermuda Monetary Authority and holds a Bermuda Digital Asset Business (DAB) License, No. 54786. A full list of Circle’s licenses can be found at https://www.circle.com/en/legal/us-licenses.
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.
**Learn more about Genesis Global Capital, LLC at https://genesistrading.com/.
