Full-Time
Facilitates digital currency payments and financial services
$187.5k - $240k/yr
Expert
San Francisco, CA, USA
Remote first in the US, indicating some in-office presence may be required.
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Circle is a financial technology firm that helps businesses use digital currencies and public blockchains for various financial activities, including payments and commerce. The company provides a platform that allows clients, ranging from small businesses to large corporations, to engage with digital currencies securely and efficiently. Circle's services include facilitating transactions and offering financial applications that utilize blockchain technology. Unlike many competitors, Circle focuses on a wide range of clients and generates revenue through transaction fees and service charges related to digital currency transactions. The company's goal is to empower businesses to take advantage of the benefits of digital finance.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Boston, Massachusetts
Founded
2013
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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.
Circle, the FinTech firm behind the $60 billion USDC stablecoin, is reportedly launching a new payments and cross-border remittance network. According to a report Monday (April 21) by CoinDesk, invitations were sent to industry stakeholders for a launch event April 22 at Circle’s headquarters in New York featuring a presentation by CEO Jeremy Allaire. The company didn’t immediately respond to a request by PYMNTS for confirmation
Circle, the FinTech firm behind the USDC stablecoin, said Monday (April 21) that it plans to start rolling out a new cross-border payments network in May. The Circle Payments Network (CPN) will connect financial institutions and enable real-time settlement of cross-border payments using USDC, EURC and other regulated stablecoins, the company said in a Monday press release. CPN will enable connectivity to domestic real-time payment systems worldwide and is expected to power use cases like supplier payments, remittances, payroll, capital markets settlement, internal treasury operations and on-chain financial applications, according to the release
Circle announced the launch of its Refund Protocol on April 17, introducing a non-custodial smart contract system to enable dispute resolution for stablecoin transactions without relying on centralized intermediaries. The initiative addresses what it labels as a key shortcoming of using stablecoins, which is the lack of a built-in mechanism for refunds or chargebacks.The Refund Protocol gives payment arbiters specific powers while limiting their ability to control funds. Arbiters can lock funds for a set period, authorize refunds to addresses predefined by the payer, and allow early withdrawals for a negotiated fee.However, arbiters are prohibited from transferring funds arbitrarily, maintaining the non-custodial nature of the system.Circle CEO Jeremy Allaire said the Refund Protocol builds on the firm’s earlier open-source releases for confidential and reversible payments. He added that this is a step to enlarge the stablecoin payments presence in the mainstream.The launch comes as Circle’s USDC became the default currency for all new users of Binance’s crypto-powered payment app Binance Pay.Structure and functionalityUnder the Refund Protocol, when a customer initiates a payment using an ERC-20 token, funds are transferred into a smart contract rather than directly to the merchant. The contract records the recipient’s address, the refund address, and the payment value.In a dispute, such as non-delivery of goods, customers can request a refund directly from the merchant or through an arbitrator.If a refund is approved during the lockup period, they can execute it without taking custody of the funds. Once the lockup period expires, recipients can withdraw their escrowed funds without arbiter intervention, provided no disputes remain unresolved. The system also supports early withdrawals, but only with the merchant’s off-chain signature, which consents to any applicable fees. Circle emphasized that while the Refund Protocol introduces dispute resolution to stablecoin transactions, several practical challenges persist. These include potential malicious behavior by arbiters, complexities in specifying refund addresses, gas inefficiencies due to individualized escrow management, the unproductive nature of locked funds, and current limitations in supporting contract-based wallets.The company acknowledged that escrowed assets currently do not generate yield but suggested future upgrades could integrate lending protocols like Aave to monetize locked funds, potentially sharing earnings between recipients and arbiters.Mentioned in this article Latest Alpha Market Report
Circle is set to go public with an IPO, potentially boosting stablecoin adoption and disrupting payment infrastructure. Circle's USDC stablecoin, with a $60 billion market cap, has outpaced Tether in growth. The IPO could accelerate payment infrastructure evolution, offering faster, cheaper transactions. Despite a 28% decline in adjusted EBITDA to $285 million in 2024, analysts see growth potential. Stablecoins reached a $27.6 trillion transfer volume, surpassing Visa and Mastercard in 2024.
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