Circle is a fintech company developing payment infrastructure through digital technology. It was founded in 2013 to make cryptocurrency more stable and secure. In 2018, Circle launched USD Coin (USDC), a stablecoin tied to the US dollar to keep its value steady.
Description
Here’s how it works:
- USDC stability: USDC is always worth $1 because it's backed by real US dollars. This makes it stable compared to other cryptocurrencies, which can change in value quickly.
- Blockchain-powered transactions: USDC uses blockchain technology, allowing you to send and receive payments without a bank. This makes payments faster, cheaper, and more efficient.
- DeFi and payments: You can use USDC in decentralized finance (DeFi) for lending or liquidity pools. It also provides a stable way for businesses to manage payments and cash flow.
- Multi-blockchain access: USDC works across different blockchains like Ethereum and Stellar. This makes it easy to move your money between different crypto platforms.
In summary, Circle’s USDC provides a reliable, fast, and secure way to handle digital payments.
Team of the Project
Jeremy Allaire
CEO
Jeremy oversees strategy, vision, and operational execution at Circle. With over 20 years of experience, he has built and led global internet software platforms. His previous roles include founder and CEO of Brightcove, technologist and entrepreneur in residence at General Catalyst, CTO of Macromedia, and co-founder and CTO of Allaire Corporation.