Circle Internet Financial

GPTKB entity

Statements (53)
Predicate Object
gptkbp:instanceOf gptkb:financial_services_company
gptkbp:acquiredBy gptkb:Poloniex
gptkbp:acquisitionYear 2018
gptkbp:alsoKnownAs gptkb:Circle
gptkbp:CEO gptkb:Jeremy_Allaire
gptkbp:creator gptkb:USD_Coin_(USDC)
gptkbp:focus Stablecoins
Blockchain payments
gptkbp:foundedBy gptkb:Jeremy_Allaire
gptkb:Sean_Neville
gptkbp:foundedYear 2013
gptkbp:headquartersLocation gptkb:Boston,_Massachusetts,_United_States
https://www.w3.org/2000/01/rdf-schema#label Circle Internet Financial
gptkbp:industry gptkb:cryptocurrency
gptkb:financial_technology
gptkbp:investor gptkb:Goldman_Sachs
gptkb:IDG_Capital_Partners
BaFin Capital
gptkbp:notableEvent Announced plans to go public via SPAC in 2021
Launched Euro Coin (EUROC) in 2022
Raised over $700 million in funding (as of 2022)
Received BitLicense from New York State Department of Financial Services in 2015
USDC is fully backed by reserves and regularly attested
Pivoted away from consumer app to focus on B2B in 2019
SPAC merger with Concord Acquisition Corp (terminated in 2022)
USDC is one of the largest stablecoins by market cap
gptkbp:numberOfEmployees ~900 (2023)
gptkbp:partner gptkb:Coinbase
gptkb:Robinhood
gptkb:Stripe
gptkb:BlackRock
gptkb:Mastercard
gptkb:Plaid
gptkb:Anchorage_Digital
gptkb:Fireblocks
Visa
gptkbp:product gptkb:USD_Coin_(USDC)
Circle APIs
Circle Account
gptkbp:regulates Registered Money Services Business (MSB) in the US
Licensed as an electronic money institution in the UK
gptkbp:sells gptkb:Poloniex
2019
gptkbp:service Merchant services
Treasury management
Cross-border payments
Crypto payments infrastructure
Digital asset custody
Programmable wallets
gptkbp:valuation $9 billion (2022, announced SPAC deal)
gptkbp:website https://www.circle.com/
gptkbp:bfsParent gptkb:Jim_Breyer
gptkbp:bfsLayer 6