Circle Yield

Fixed rates,
flexible terms

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Designed with stability in mind

Circle Yield* is an investment offering built with USD Coin (USDC), one of the leading dollar digital currencies. Institutional accredited investors can allocate into a crypto-based loan that is fully secured by bitcoin collateral, with a clear regulatory structure, daily collateral measurement and sophisticated rebalancing procedures.

Built on USD Coin (USDC)


Fixed rates and flexible terms


Overcollateralized with bitcoin




Clear regulatory framework


Opt to automatically renew investments at maturity****

Built on USDC


& compliance

USDC - compressed
Built on USDC


& compliance

USDC is a dollar digital currency that’s always redeemable 1:1 for U.S. dollars. It moves globally at internet speed, enabling people and businesses to send funds faster and with less cost than traditional payment methods.

Designed with trusted partners

trusted partners

Designed with trusted partners

Your bitcoin collateral is kept safe with BitGo, a custodian with more than 400 institutional clients. We work with lending partners to lend USDC to the crypto capital markets.


Available in your Circle Account

Institutional accredited investors can put idle treasury funds to work with Circle Yield when you open a free Circle Account, a powerful and secure treasury management platform. Seamlessly convert dollars into USDC and vice-versa. Pay vendors and receive payment from customers in USDC near-instantly 24/7, without the limits of traditional banking hours. Opt to automatically renew investments at maturity**** to streamline treasury operations.

Circle Yield current rates

Circle Yield, an institutional investment built on USDC, offers short fixed-income terms ranging from from one to twelve months, with current interest rates of:

Fixed Short Term**

0.5 % 1 month fixed rate
0.5 % 3 month fixed rate
Fixed Long Term**

0.5 % 6 month fixed rate
0.5 % 12 month fixed rate

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

Talk to our team


Learn how your company can start earning yield on idle cash reserves.


Your USDC is lent to Circle Bermuda and invested with one or more of our investment partners. These partners lend in the crypto capital markets to generate yield. The interest you receive is subject to the terms of your loan.

Your loan will be secured by our interest in bitcoin collateral received from our investment partners, initially overcollateralized and subject to top-up obligations, deposited with a third-party custodian designated in the line of credit agreement.

All interest is deposited in your Circle Account as USDC.

We update our rates on a weekly basis. These rates change depending on market demand for USDC loans.

Once you’ve locked your term, your rate won’t change during the duration of the term.

We don’t allow early withdrawal of funds at this time****. Currently, our minimum term is 1 month.

We currently have a minimum of $100,000. Contact us if you think you’re a good fit for Yield.

* 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.  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. 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 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. 

** In the case of a Fixed Term Advance, Lender does not have a repayment right for fixed rate Advances.
*** Not currently available in the following U.S. states: Alaska, Minnesota, New York and Hawaii.

**** If you select to automatically renew your loan, your principal amount will be re-invested on the original loan maturity date. The applicable rate at the time of the auto-reinvestment may differ and is subject to change pending availability, approval and market conditions. You will receive a rate confirmation prior to the original loan maturity and reinvestment date. You will have the opportunity to toggle the auto-reinvestment “off” at any time before the loan automatically re-invests on the original loan maturity date.