Circle is an American financial technology company that specializes in digital payments and cryptocurrency services. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle offers a range of products and services aimed at facilitating digital transactions and enabling individuals and businesses to manage their finances in the digital age. One of Circle's flagship products is the USDC stablecoin (USD Coin), which is a digital currency pegged to the US dollar. USDC provides a stable and transparent medium of exchange on blockchain networks, facilitating seamless transfers of value across borders and between different digital platforms. Additionally, Circle operates Circle Pay, a peer-to-peer payment app that allows users to send and receive money instantly, as well as Circle Invest, a cryptocurrency investment platform that enables individuals to buy, sell, and manage various digital assets. Furthermore, Circle offers institutional-grade cryptocurrency trading and investment services through its subsidiary, Circle Trade, catering to hedge funds, asset managers, and other institutional investors. Overall, Circle plays a significant role in advancing the adoption and integration of cryptocurrencies and blockchain technology into mainstream finance, providing innovative solutions for digital payments and asset management.
BitPay, one of the largest payment blockchain providers in the world, announced a new record reached in 2018. The company processed payments in the amount of more than $ 1 billion and again showed record income.
In addition, Dish Networks, HackerOne, and the Ohio State Government have joined the payment network. The B2B division showed record numbers and grew by 255%, as many law firms, data centers and manufacturers in the IT industry connected to bitcoin reception.
This week, the cryptocurrency company Circle said that it noticed a significant surge in interest from institutional investors. According to Jeremy Allaire, general director and co-founder of Circle, despite the fact that in May the cryptocurrency markets were declining, last month the company saw a 30% surge in interest from institutional clients.
Since December 16, 2017, the currency and credit markets have fallen by more than 69%, and the last few months of 2018 the reins of government were certainly among the "bears." However, during this period many companies, such as Coinbase, Bitgo, Circle and others, opened the doors for institutional investors. This week, the company has seen an increased demand from institutional investors.