Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale
Circle is rolling out business accounts denominated in the stablecoin USDC and looking to sell crowdfunding platform SeedInvest as part of an ongoing pivot.
The CENTRE consortium is teaming up with the Algorand Foundation to launch the USDC stablecoin on the Algorand network.
Offering the option to receive wages in the USDC stablecoin removes the volatility risk for earners.
Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example.
Dollar-backed stablecoins are surging in popularity, and much of the demand is from normal businesses, not just crypto traders, Circle’s CEO said.
As the global equities markets continue their free fall, stablecoins seem to be weathering the storm.