Difference between revisions of "Circle"

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In September 2018, Circle launched the Centre Consortium to develop and launch a new [[stablecoin]] tied to the U.S. dollar. The company was joined by the U.S.-based exchange [[Coinbase]] in October 2018.<ref>{{cite web|url=https://www.cnbc.com/2018/10/23/cryptocurrency-giants-coinbase-and-circle-form-a-joint-venture-to-boost-adoption-of-dollar-backed-stable-coins.html|name=Cryptocurrency giants Coinbase and Circle form joint venture to boost adoption of dollar-backed digital coins|org=CNBC|date=January 14, 2019}}</ref><ref>{{cite web|url=https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading|name=USD Coin Arrives: Circle’s Crypto Stablecoin Is Now Trading|org=Coindesk|date=January 14, 2019}}</ref>
 
In September 2018, Circle launched the Centre Consortium to develop and launch a new [[stablecoin]] tied to the U.S. dollar. The company was joined by the U.S.-based exchange [[Coinbase]] in October 2018.<ref>{{cite web|url=https://www.cnbc.com/2018/10/23/cryptocurrency-giants-coinbase-and-circle-form-a-joint-venture-to-boost-adoption-of-dollar-backed-stable-coins.html|name=Cryptocurrency giants Coinbase and Circle form joint venture to boost adoption of dollar-backed digital coins|org=CNBC|date=January 14, 2019}}</ref><ref>{{cite web|url=https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading|name=USD Coin Arrives: Circle’s Crypto Stablecoin Is Now Trading|org=Coindesk|date=January 14, 2019}}</ref>
  
In late January 2019, Circle released a report that over 100 crypto-focused businesses, including exchanges, [[wallets]], [[platforms]], apps, and service providers had adopted USDT.<ref>{{cite web|url=https://www.financemagnates.com/cryptocurrency/coins/circle-expands-usdc-ecosystem-to-over-100-partners/|name=Circle Expands USDC Ecosystem to Over 100 Partners|org=FinanceMagnates|date=February 1, 2019}}</ref>
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In late January 2019, Circle released a report that over 100 crypto-focused businesses, including exchanges, [[wallets]], [[platforms]], apps, and service providers had adopted USDC.<ref>{{cite web|url=https://www.financemagnates.com/cryptocurrency/coins/circle-expands-usdc-ecosystem-to-over-100-partners/|name=Circle Expands USDC Ecosystem to Over 100 Partners|org=FinanceMagnates|date=February 1, 2019}}</ref>
  
 
== John Lothian News ==
 
== John Lothian News ==

Revision as of 16:13, 1 February 2019


Circle Internet Financial
Circle.png
Founded 2013
Headquarters Boston
Key People Jeremy Allaire and Sean Neville
Employees > 150
Products Payments
Twitter @circlepay
LinkedIn Profile
Facebook circle
Website Circle Homepage
Releases Company News
Blog Circle blog

Circle is a cryptocurrency exchange operator whose origins are in cryptocurrency payment technology but whose interests have expanded into investments, OTC services and cryptocurrency trading.

Background

Circle Internet Financial was launched in October 2013 with $9 million in investments.[1] In late April 2015, Goldman Sachs announced that along with IDG Capital Partners it was planning to lead a $50 million financing round into Circle.[2]

Business Overview

In late February 2018 Circle announced that it was purchasing Poloniex, one of the largest cryptocurrency markets at the time.[3] Bloomberg reported in June that Circle was planning to apply for both banking and securities licenses so its customers could deposit insurable funds with it and trade cryptocurrencies that might be deemed to be securities under U.S. regulations.[4]

Stablecoin

In September 2018, Circle launched the Centre Consortium to develop and launch a new stablecoin tied to the U.S. dollar. The company was joined by the U.S.-based exchange Coinbase in October 2018.[5][6]

In late January 2019, Circle released a report that over 100 crypto-focused businesses, including exchanges, wallets, platforms, apps, and service providers had adopted USDC.[7]

John Lothian News

Circle was highlighted in a recap of Consensus 2018 by CMW contributing editor Chuck Mackie. You can read the article here.

References