Circle Partners with Genesis Trading for USDC Yield and Lending Services and Raises $25 million from Digital Currency Group
Today Circle announced it is partnering with Digital Currency Group (DCG) subsidiary Genesis Global Trading to develop yield and lending products for USDC. The partnership also includes a $25 million strategic investment from DCG to accelerate investment and growth behind Circle’s new suite of business accounts and platform services.
Why it matters:
- Circle is going full force with its stablecoin business after selling nearly every non-USDC related business in their portfolio.
- The news is Circle's latest effort to drive USDC adoption after announcing its USDC business accounts and API in March.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Mentioned Assets