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Circle Launches New Account for Business Growth

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Global financial technology firm, Circle recently announced the launch of a new Circle Account for the growth of businesses around the world. The company termed the recently launched account a starting place for digital asset innovation.

Circle is planning to support the global businesses through easy access to USD Coin (USDC), one of the fastest-growing digital currencies. The current circulating market capitalization of USDC stands at around $53 billion. Circle highlighted that USDC is completely backed by cash, equivalents, and short-duration US Treasuries.

During the past 12 months, USDC saw a massive surge in adoption and its market cap increased substantially. In the latest crypto market corrections, investors parked large amounts in different stable coins.

According to Circle, the new account will enable its users to access and swap USDC across 8 public blockchains. The mentioned product is available via one simple interface.

“Our Circle Account gives incredible confidence and control over our investment in Circle Yield. It is easy to use and provides…

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