Supporting Financial Inclusion and Global Prosperity with Gluwa Capital and USDC


Fintech lenders in emerging markets lack access to capital that could help financial inclusion

Access to financing can be challenging around the world. Gluwa Capital, an investment network, saw that fintech lending businesses in emerging markets had fewer opportunities to grow their business with debt capital than those in more developed economies, even when lending operations were similarly successful.

Meanwhile, the team recognized that many people in developed economies were searching for opportunities that generated higher yields, and yields that were less correlated to existing investments like equities, real estate or digital assets. Many of these users also already used USD Coin (USDC) in DeFi protocols or to trade on exchanges, taking advantage of the near-instant and cost-effective transactions that make on-chain digital currencies so useful for international business.

Bringing these two parties together—Fintech lending businesses ready to grow and market participants searching for new ways to deploy capital on-chain—could bring economic benefit for everyone involved while helping increase financial inclusion and global prosperity.


Bringing on-chain investors and emerging market expertise together

An international team of entrepreneurs with experience building startups and participating in emerging markets, Gluwa set out to find the right partners. Circle and USDC were a clear choice for digital payments infrastructure and a proven on-chain currency.

They also searched for fintech lenders that were committed to serving the unbanked and underbanked, and who could show a track record of successfully managing lending activities in markets where access to capital from existing financial institutions is limited. 


Using USDC to seamlessly collect and distribute funds around the world

Gluwa accepts investments exclusively in USDC. This allows them to easily manage business transactions and payments from a unified interface via a Circle Mint, and helps reduce overhead that could be incurred by having to accept and convert funds from other types of deposits like fiat transfers or investments made with cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH).

By connecting borrowers who have already shown success in emerging market economies and fintech lenders ready for new investment opportunities that contribute to broadening financial inclusion, Gluwa and USDC are generating new economic value and helping realize the power of blockchain utility around the globe.


“USDC has the best of both worlds—USD and blockchain technology.”

– Tae Oh, Director, Gluwa Capital


* 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. Both the price of Bitcoin may fluctuate and your investment may also lose value. 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.

Circle Mint 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

Circle is not a bank; your Circle Mint account is not a bank account, and any funds are not insured or protected by government compensation and/or regulatory protection schemes 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 Act of 1933, as amended. Neither the SEC nor any other regulatory body has approved or disapproved Circle Yield. 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. Tax may be payable on any return on and/or any increase in the value of your investment and you should seek independent advice on your taxation position. Please read the offering documents carefully before you invest. Additional information is available upon request.

**Learn more about Genesis Global Capital, LLC at