Solutions for banks

Your bridge to dollar digital currency

banks

Amplify yields on excess cash, settle payments almost instantly and adapt to fast-moving changes

Positioning your bank for sustained success means embracing faster, better ways to do business and build relationships with tomorrow’s customers. Circle is your gateway to the new world of dollar digital currency, offering unparalleled transactional speed, global interconnectivity and transparency into your cash and data flows. We securely bridge the gap between traditional banking systems and many of the world’s leading blockchains, without the volatility and many of the other risks typically associated with digital currencies.
90%
Share of the world’s central banks considering digitizing their national currencies and payment rails1
78%
Share of executives who say digital assets will be important to their industry within 2 years2

How we do it

Your free Circle Account and our leading API suite are the fastest, easiest way to access USD Coin — or USDC — the world’s most trusted dollar digital currency. All working together and enabling powerful new ways for you to optimize excess cash, speed payment flows and help future proof your business. Meet the Circle team.
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Optimize cash and liquidity

Allocate excess funds into short-term interest rate** products that are fully secured with Bitcoin and built entirely on USDC. Funds in Circle Yield* are overcollateralized, and all collateral is kept safe with BitGo, a third-party custodian with more than 400 institutional clients, for added principal protection. Our partner is Genesis Global Capital, a full-service digital asset trading firm.****
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Reach new users globally with faster, cheaper transactions

Position yourself to capitalize on the explosive growth in digital currency usage by both businesses and consumers as they embrace tomorrow today. Expand your reach beyond borders to the underbanked and people who prefer to transact in digital currencies. By offering your services in USDC, you are taking advantage of a new form of money that moves just like other digital content — at the speed of the internet, and far less expensively than traditional payment systems — while retaining a stable value.
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Trust, transparency & compliance

USDC is fully backed by cash and equivalents and short-duration U.S. Treasuries, so that it is always redeemable 1:1 for U.S. dollars. Each month, we publish attestation reports by Grant Thornton regarding the reserve balances backing USDC. We are also a licensed money transmitter in 46 U.S. states, plus Washington, D.C. and Puerto Rico. 

Tell us about what you're working on

 

2. Deloitte, 2021 Global Blockchain Survey
 
*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 offered by Circle International Bermuda Limited (“Circle Bermuda”).
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 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.
**Rates are purely indicative and are subject to change pending availability, approval and market conditions. Withdrawal requests for fixed term accounts could take up to 72 hours in high withdrawal periods and will be subject to an early withdrawal penalty.
*** Not currently available in the following U.S. states: Alaska, Minnesota, New York and Hawaii.
****Learn more about Genesis Global Capital, LLC here.