What is circle cryptocurrency?

Originally a consumer-facing P2P payment and cryptocurrency wallet & exchange app, the company has since refocused on commercial blockchain and crypto applications. Circle launched a stablecoin in 2018 known as USD Coin, backed by $1 or asset with equal, fair value. 7

Is Circle a stable coin?

In 2018, Circle also announced and launched its U.S. dollar-backed stable coin, USDC, which was developed in conjunction with its affiliated CENTRE consortium, of which crypto exchange Coinbase is also a part. In March 2019, Circle completed its acquisition of equity crowdfunding business SeedInvest for an undisclosed amount.

What is circle (USDC)?

Circle began as a peer-to-peer payments technology company that now manages the popular stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle is headquartered in Boston, Massachusetts. USDC is currently valued at $36 billion.

What is circle and how does it work?

This article relies excessively on references to primary sources. Circle began as a peer-to-peer payments technology company that now manages the popular stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013.