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Type of business | Private |
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Type of site | Peer to peer payments |
Headquarters | , United States |
Founder(s) | Jeremy Allaire, Sean Neville |
Key people | Jeremy Allaire (CEO) |
URL | circle |
Launched | October 2013 |
Circle (legally Circle Internet Financial Limited) is a peer-to-peer payments technology company that now manages stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle is headquartered in Boston, Massachusetts.[1][2] USDC, the second largest stablecoin worldwide, is designed to hold at or near a stable price of $1. The majority of its stablecoin collateral is held in short-term U.S. government securities.[3]