The Circle Account is designed to make it easy for businesses and organizations to operate seamlessly across the Web3 ecosystem. The Circle Account allows USDC transactions to be executed between the Algorand, Avalanche, Ethereum, Flow, Hedera, Solana, Stellar, and TRON networks, in any combination, reducing the need to engage third-party exchanges or DeFi protocols to make cross-blockchain transfers. Using the Circle Account makes it easier for fast-moving organizations to take advantage of cross-chain opportunities while supported by enterprise ready custody and security.
Market makers and crypto investment firms can also deposit and withdraw USDC on any of these chains, allowing them to quickly access liquidity to take advantage of trading opportunities or support new digital asset trading pairs with exchange liquidity provided in USDC.
Multi-chain capabilities for a multi-chain world
For organizations developing Web3 applications, focusing on only a single blockchain could stall growth and adoption in the long run. A few years ago, there were a limited number of operational blockchains with active users. Now, the expansion of the cryptocurrency industry has seen a rapid rise of new competition for users and liquidity.
As businesses around the world continue to develop their Web3 strategies, priorities like lower transaction costs or faster settlement times may lead different organizations to choose different blockchain infrastructures that best suit their needs. Organizations using the Circle Account will have one of the most comprehensive means of moving funds across the multi-chain ecosystem. This allows payments to be made quickly and efficiently, without having to wait days for drawn-out procedures using traditional financial accounts and rails to move funds from one blockchain to another.
Grow with USDC
Since launching in 2018, USDC has rapidly become one of the world’s leading dollar digital currencies, with more than 49 billion USDC in circulation and more than 1.2 trillion transacted on-chain as of April 22, 2022. With an expanding ecosystem of customer use cases and new initiatives that bring USDC to merchants and retail consumers, USDC growth isn’t slowing down. Adopting USDC and the Circle Account for payments and treasury management is an easy way for Web3 businesses to access streamlined multi-chain transfers and cross-border payments to get an edge on the competition and prime their organizations for growth. Institutional accredited investors can also grow their treasury assets with access to Circle Yield* through the Circle Account, a USDC-based investment. As of November 17, 2022, Circle Yield is not accepting new loans. We are evaluating future updates to the program.
The Circle Account is your one-stop-shop for business growth and digital asset innovation. Get started with a 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 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.
