Introduction to Circle (Company)
Circle is a fintech company that specializes in peer-to-peer payment technology, offering a platform for individuals and businesses to make mobile-based payments to one another.
The company aims to revolutionize how money is moved by providing a better and more efficient payment experience.
From Concept to E-Money License
The concept of Circle was born in 2012 when Sean Neville, Jeremy Allaire, and John Collison came together to address the challenge of securely storing digital currency online.
Recognizing the volatility of cryptocurrencies like Bitcoin, they aimed to overcome this barrier to accelerate adoption.
2013 Sean and Jeremy founded Circle Internet Financial Limited and obtained an e-money license from the UK’s Financial Conduct Authority.
Building a Borderless Payment Network
Circle’s vision was to develop a new type of global payment network that transcends currencies, borders, and devices.
The company aimed to create a safe, simple, free, and instant way for money to work as it should in the digital age.
Bridging Traditional Industries with Crypto Economy
USD Coin also provides a valuable tool for innovators in traditional industries, allowing them to explore new business models while mitigating the volatility risks associated with cryptocurrencies.
It facilitates more efficient payments and improved cash flow management.
Moreover, USD Coin enables consumers and businesses worldwide to participate in the crypto economy by exchanging USDC with the “native token” of any network they wish to join, such as Ethereum or Stellar.