FAQ
Is interest paid out in USDC?
All interest is deposited in your Circle Account as USDC
Why do interest rates change?
We update our rates on a weekly basis. These rates change depending on market demand for USDC loans.
Will my rate change during the term?
Once you’ve locked your term, your rate won’t change during the duration of the term.
Can I withdraw my funds early?
We don’t allow early withdrawal of funds at this time****. Currently, our minimum term is 1 month.
Is there an allocation minimum?
We currently have a minimum of $1MM. However, this can be considered on a case-by-case basis. Contact us if you think you’re a good fit for Yield.
Generate higher yields
Companies, hedge funds, institutions & miners and others are willing to pay higher rates than in traditional lending markets to borrow on their crypto holdings because traditional financial institutions generally are not yet adept at accepting digital assets as collateral. And, the demand for USDC loans remains high. That’s where the high rates come from.
Designed with corporate treasury in mind
Yield provides market-leading security because your loan is fully secured through the overcollateralization of your advances. The collateral is segregated with a third-party collateral agent in an omnibus wallet and pledged to the benefit of our Yield customers.
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DISCLOSURES
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 Act 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.
*** Not currently available in the following U.S. states: Alaska, Minnesota, New York and Hawaii.
**** Early withdrawal of funds are allowed only in certain, limited circumstances and, in all circumstances, are subject to an early withdrawal penalty in the amount of the principal paid minus double the amount of the non-accrued interest.
***** Learn more about Genesis Global Capital, LLC here.