Circle Internet Group, Inc. (NYSE: CRCL) is a global financial technology company that provides digital currency products and infrastructure to internet businesses, financial institutions and developers. Founded in 2013 and headquartered in Boston, Massachusetts, Circle was established by co-founders Jeremy Allaire and Sean Neville with the goal of creating an open global financial system. The company became publicly traded on the New York Stock Exchange under the ticker CRCL in early 2024 following its merger with a special purpose acquisition company.
At the core of Circle’s business is USD Coin (USDC), a fully collateralized stablecoin launched in partnership with Coinbase through the Centre Consortium. Circle manages the issuance and redemption of USDC, ensuring that each token is backed by an equivalent reserve of U.S. dollars or dollar-denominated assets. By offering a stable digital asset, the company enables faster, more efficient cross-border payments, programmable money features and 24/7 settlement capabilities for enterprises and consumers worldwide.
Circle’s suite of products includes developer APIs for wallet creation, payments and treasury management; Circle Account for businesses to hold, send and receive USDC; Circle Trade for institutional digital asset trading; and Circle Yield, which offers yield-earning opportunities on USDC balances. These services are designed to support e-commerce platforms, remittance providers, DeFi projects and corporate treasuries seeking enhanced liquidity and transparency.
With operations spanning North America, Europe and Asia, Circle serves clients in over 130 jurisdictions. Under the leadership of Jeremy Allaire as Chief Executive Officer, the company continues to expand its regulatory framework, compliance standards and strategic partnerships to drive adoption of digital currencies and decentralized finance solutions on a global scale.
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