Circle announces expansion of its yield investment program

Karthik Subramanian

Circle, the company that owns the USDC stablecoin, has announced the opening up of its yield investment services to all businesses with a minimum investment capital of  $100,000 in digital currency.

crypto derivatives

The company has been looking for ways to improve its features and usage and its main focus has been on USDC and its associated products.

Yield Investment Program

The amount of USDC in circulation is now several billion and it is expected to grow in the future as well. In the meantime, the company has been building products around its stablecoin product to increase its usage and make it open and attractive for mainstream users and also for larger investors and companies that are flocking into crypto over the last few months.

“With Circle Yield, our customers have a seamless and fully secured way to take advantage of crypto capital markets,” Circle VP of Product Rachel Mayer said in the announcement. “We’ve been thrilled to work with the likes of Kevin O’Leary and social network Minds among many other design partners throughout our Early Access phase. As the product expands to a broader reach of businesses, we look forward to accepting new customers and providing greater access to superior crypto returns,” she said.

Strong Growth

The program is a term investment program that offers returns of anywhere between 6% to 8% APY as of this December. This is much higher than what traditional banks in many of the developed countries offer and that is the reason why this program has been having some great demand during its trial phase. The terms are also flexible with it ranging from 1-month to 12 months with the company also making the whole process very transparent so that the users would be able to see which programs are being invested in, what the yields are from each program, and other details which makes it very convenient for the users.

During its early-access period, Circle Yield was only available to companies based in the U.S. or Switzerland, along with institutional investors. This expansion in this service to a variety of businesses not only shows the confidence that the company has in its program but also shows the increasing demand for such services in the crypto world. It is expected that the uptake for this program would be strong among the various investors.

 

Read this next

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

<