Dom - Cryptocurrency Specialist – 13-07-2022
Circle Online Financial, LLC, the exclusive issuer of USD Coin (USDC) and a worldwide Internet finance enterprise that delivers internet-based payments and financial infrastructure to businesses of all kinds, today announced the introduction of the new Circle Account. Circle Account's complete interface allows business users to deposit, withdraw, transmit, receive, store, and allocate funds to invest in crypto assets in order to implement their digital economy activities.
The launch of the new Circle Account coincides with a surge in interest in crypto assets. By 2024, 20 percent of enterprises would utilise "cryptocurrencies for payments, stored value, or collateral," according to a new Gartner study released in December 2021. This surge in interest coincides with significant advancements in blockchain technology, which allows for faster and cheaper transactions, and as rising inflation forces some businesses to look to crypto assets as a hedge.
Circle Account makes it simple to start crypto market investing with USDC and settle in and out of crypto currencies as a one-stop shop to assist businesses accelerate their growth and swiftly engage with the digital economy. The demand for Circle Accounts exploded from 2020 to the end of 2021, with active accounts increasing by 213 percent. Institutional authorised investors can use Circle Account to deploy funds to Circle Yield* to earn a higher return on their USDC by investing it in cryptocurrency exchange platform. Circle Yield is a bitcoin-backed fixed-term investment with full security and overcollateralization. "The new, redesigned Circle Account is laser-focused on providing an updated, dynamic experience to our business clients, transforming it into the go-to destination for payments and treasury activities," said Rachel Mayer, Circle's VP of Product.
Customers can now send and receive USDC on eight different blockchains, make near-instant transfers via Signet and the Silvergate Exchange Network (SEN), download transaction history and view balance summaries, and earn returns via Circle Yield, all while benefiting from enhanced security and flexibility thanks to new features like multi-factor authentication and multi-user support. On Ethereum, Algorand, Solana, Stellar, TRON, Hedera, Avalanche, and Flow, users can transact using USDC.
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