Full-Time
Posted on 5/14/2024
Facilitates digital currency payments and financial services
$160k - $207.5k/yr
Chicago, IL, USA
Remote first in the USA.
Remote first in the USA.
Remote first in the USA.
📈Growth & Marketing (1) |
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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 globally 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.
Ripple Labs reportedly offered $4 billion to $5 billion to acquire Circle, the issuer of USDC stablecoin, but was rejected. Circle seeks a $5 billion valuation for its IPO. Ripple's interest in Circle aims to strengthen its stablecoin market position. Ripple's recent $1.25 billion acquisition of Hidden Road highlights its expansion strategy. Unverified reports suggest Ripple may have raised its bid to $20 billion, but Circle denies being for sale, focusing on its IPO instead.
Cathie Wood celebrates Circle's IPO as CRCL rises by 123%. The article from BTC-ECHO, a German Bitcoin and blockchain news outlet, emphasizes that all content is for informational purposes only and not financial advice. Investing in securities or cryptocurrencies carries risks, including potential total loss of capital.
Circle has introduced Circle Gateway, a new crosschain primitive designed to unify USDC balances and improve crosschain liquidity, addressing complexities in the multichain landscape.
Circle has applied to the OCC to establish a US national trust bank to manage its USDC reserve, following a successful IPO that increased its market cap to over $40.3 billion. This move aims to strengthen USDC infrastructure and comply with the proposed GENIUS Act. The OCC will decide on the application within 120 days. Circle's initiative follows other crypto firms, like Fidelity's crypto unit, seeking similar licenses. Anchorage Trust Company was the first to receive such a license in 2021.
Circle is applying for a U.S. national trust bank license after its IPO valued the firm at nearly $18 billion. If approved, Circle could act as a custodian for its reserves and hold cryptocurrency assets for institutional clients. The proposed entity, First National Digital Currency Bank, N.A., would not accept cash deposits or issue loans. This move follows Circle's recent IPO and aims to enhance trust and compliance. Currently, Anchorage Digital is the only digital asset firm with such a charter.