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About Circle
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$1.1B
Headquarters
Boston, Massachusetts
Founded
2013
Overview
Circle operates in the financial technology sector, providing businesses with the tools to use digital currencies and public blockchains for various financial applications. Their platform allows clients, ranging from small businesses to large corporations, to conduct secure and efficient transactions using digital currencies. Circle generates revenue through transaction fees and service charges associated with these digital currency transactions. What sets Circle apart from its competitors is its focus on enabling a wide range of businesses to engage with digital finance, making it accessible and practical for all sizes of enterprises. The company's goal is to facilitate the adoption of digital currencies in commerce and payments, helping to shape the future of financial transactions.
Simplify's Take
What believers are saying
- USDC integration on Aptos blockchain opens new opportunities for DeFi applications.
- Partnership with iDenfy strengthens compliance, attracting more institutional clients.
- Acquisition of Hashnote expands Circle's offerings in digital asset capital markets.
What critics are saying
- Emergence of Pi Protocol could challenge Circle's stablecoin market share.
- Coinbase's strategy to lead with USDC intensifies competition for Circle.
- Trump's executive order may increase regulatory scrutiny and compliance costs for Circle.
What makes Circle unique
- Circle leverages blockchain for secure, efficient financial services and digital payments.
- Circle's USDC stablecoin is integrated on multiple blockchains, enhancing interoperability and liquidity.
- Circle's Alliance Program fosters collaboration, driving innovation in blockchain-based financial solutions.
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Funding
Total Funding
$1080.7M
Above
Industry Average
Funded Over
8 Rounds
General Catalyst
AccelBenefits
Paid time off - We offer flexible paid time off — take what you need as long as it works with you and your team, and all Circle employees get mobile phone and home office reimbursements.
Health coverage - No matter where you live, we offer a market competitive suite of benefits. Enroll in health, dental, vision, disability, and life insurances, and Circle covers some or all of the premiums.
Invested in your future - All U.S. full-time and part-time employees enjoy 401(k) and pensions (with 4% company match if you contribute 5% or more), and share Circle’s success via company equity awards.
Learning & development - Your individual growth and development is important to us and we provide the resources to help you grow your career while at Circle.
Growth & Insights and Company News
6 month growth
↓ -5%1 year growth
↓ -1%2 year growth
↑ 0%Tether Co-Founder Reeve Collins is reportedly backing a new stablecoin project called Pi Protocol that will be backed by yield-bearing real-world assets like bonds.The new stablecoin is expected to debut on the Ethereum and Solana blockchains in the second half of the year, Bloomberg reported Tuesday (Feb. 18).Pi aims to let industry participants who market the stablecoin get most of the profits from it, according to the report.The company will use smart contracts to mint its USP stablecoin and will reward the minters with another token, USI, as yield, the report said.“We view Pi Protocol as the evolution of stablecoins,” Collins told Bloomberg. “Tether has been extremely successful in showcasing demand for stablecoins. But they keep all the yield. We believe 10 years later the market is really ready to evolve.”Collins served as Tether’s first CEO from 2013 to 2015, when he and his partners sold the company to the operators of the crypto exchange Bitfinex, according to the report.Tether said in January that it made $13 billion in profits in 2024, Bloomberg reported Jan. 31, adding that the stablecoin issuer files quarterly information as part of a third-party attestation by accounting firm BDO rather than issuing audited financial statements.In addition, Tether said it issued more than $23 billion in USDT in the last three months of 2024, and had more than $7 billion in excess reserves.It was reported in January that an executive order issued by President Donald Trump will boost stablecoins and issuers like Tether and Circle Internet Financial.Trump’s order aligned stablecoin’s with the government’s efforts to maintain the global supremacy of the dollar and blocked a potential competitor to stablecoins by barring development of a central bank digital currency (CBDC).On Monday (Feb
Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENECoinbase CEO Brian Armstrong said Thursday that the crypto heavyweight is taking off its gloves for a renewed fight in the stablecoin ring.During the company’s fourth-quarter earnings call, Armstrong said the firm will aim to challenge Tether’s position as the industry’s reigning stablecoin issuer. The ultimate goal is to make Circle’s USDC the world’s “number one dollar stablecoin.”Armstrong characterized this new aim as a “stretch goal,” signaling it represents an ambitious yet potentially achievable feat, which will nonetheless push Coinbase outside its comfort zone.As the second largest stablecoin, USDC’s market cap stands at $56 billion after hitting an all-time high last week. Still, that leaves a lot of ground for USDC to cover as it works to overtake Tether. As of this writing, USDT currently accounts for a hulking 60% of the stablecoin market at $142 billion market capitalization, per CoinGecko.Because stablecoins are designed to maintain a 1:1 peg with another currency, in this case the U.S. dollar, the market capitalization tends to be a reliable indicator of issuance.Coinbase CFO Alesia Haas contextualized Armstrong’s bold call on Thursday
iDenfy, a global leader in identity verification, compliance, and fraud prevention solutions, is proud to announce its inclusion in Circle’s Alliance Program, a global ecosystem of organizations working together to innovate and expand the financial industry for billions of people worldwide. Through this partnership, iDenfy will offer its cutting-edge identity verification, anti-money laundering (AML), and Know Your Business (KYB) solutions to Circle’s network of industry leaders, enabling businesses to streamline compliance processes, mitigate fraud risks, and explore new opportunities in the rapidly evolving financial landscape.Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications. Well known for issuing stablecoins, particularly USD Coin (USDC), Circle is at the forefront of building a more open, inclusive, and efficient global financial system. The company’s Alliance Program brings together a diverse network of innovators, businesses, and industry leaders to collaborate on advancing financial inclusion and driving the adoption of blockchain-based solutions.As part of the program, iDenfy will engage with industry veterans, explore emerging trends, and connect with leading organizations to drive mutual brand awareness and business growth. The partnership allows iDenfy to present its solutions to Circle’s global ecosystem, helping businesses protect against money laundering, fraud, and other financial crimes.iDenfy brings to the table a comprehensive suite of compliance tools, including support for over 3,000 identified documents from 200 countries and territories. The company’s all-in-one platform offers not only identity verification with the latest face recognition algorithms to ensure that the faces analyzed are real and prevent the use of fakes or tricks during the verification process, but also business verification with access to official credit bureaus, direct integration for politically exposed persons (PEPs), sanctions, and adverse media checks, together with ongoing screening and audit-ready reports.In addition, iDenfy’s pay-per-approval pricing model ensures cost efficiency by charging only for verified customers and eliminating fees for denied verifications
Circle integró su stablecoin nativa USDC en el ecosistema blockchain de Aptos junto con su Cross-Chain Transfer Protocol (CCTP) para interoperabilidad.El emisor de la stablecoin anticipa nuevas oportunidades en el desarrollo de aplicaciones y liquidez DeFi. Tras la noticia, Aptos ha subido casi un 8% hoy.Circle cumple con la asociación con AptosCircle, uno de los principales emisores de stablecoins, ha terminado de integrar su token nativo USDC en Aptos. Estas dos empresas entraron en una asociación para asegurar la interoperabilidad y el acceso a TradFi el pasado noviembre, y su objetivo declarado se ha cumplido. Según el anuncio de Circle, este lanzamiento en mainnet no requiere puentes:. “¡El USDC nativo ya está en vivo en Aptos! Esto marca un hito significativo para el ecosistema de Aptos, empoderando a los desarrolladores y usuarios con acceso al dólar digital regulado más grande del mundo”, afirmó la empresa en redes sociales. Leer más: Aptos (APT): ¿Realmente es un “Solana Killer”?Circle afirmó que se asoció con Aptos para facilitar a individuos e instituciones el acceso a la liquidez de USDC
President Donald Trump’s executive order on digital assets issued Thursday (Jan. 23) will reportedly boost stablecoins and issuers like Tether Holdings and Circle Internet Financial. Trump’s order aligned stablecoins with the government’s efforts to maintain the global supremacy of the dollar, Bloomberg reported Friday (Jan. 24). The executive order aims in part to protect the dollar, “including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide,” according to the report
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About Circle
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$1.1B
Headquarters
Boston, Massachusetts
Founded
2013
There are no jobs for Circle right now.
Find jobs on Simplify and start your career today