{"id":52091,"date":"2020-11-07T09:00:47","date_gmt":"2020-11-07T09:00:47","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=52091"},"modified":"2020-11-07T09:00:47","modified_gmt":"2020-11-07T09:00:47","slug":"stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=52091","title":{"rendered":"Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses"},"content":{"rendered":"<p><img decoding=\"async\" width=\"696\" height=\"392\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses\" loading=\"lazy\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-768x432.jpg 768w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-300x169.jpg 300w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-1024x576.jpg 1024w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-696x392.jpg 696w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-1068x601.jpg 1068w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-747x420.jpg 747w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-190x107.jpg 190w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-380x214.jpg 380w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-760x428.jpg 760w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses.jpg 1280w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\"><\/p>\n<p><strong>Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%.<\/strong><\/p>\n<ul>\n<li>On September 26, 2018, Circle and the Centre open-source consortium launched an ERC20 token called USD Coin or USDC.<\/li>\n<li>At the time of publication, USDC is the 12th largest blockchain in terms of market capitalization with $2.8 billion circulating today. Under tether (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/USDT\" target=\"_blank\" rel=\"noopener noreferrer\">USDT<\/a>), USDC is the second-most popular stablecoin.<\/li>\n<li>\u201cUSDC is the first of several fiat tokens Centre expects to deliver, and Circle is the first of several forthcoming,\u201d Circle stated at launch.<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-422231 size-full\" title=\"Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses.jpg\" alt=\"Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses\" width=\"1280\" height=\"720\" srcset=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses.jpg 1280w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-300x169.jpg 300w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-1024x576.jpg 1024w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-768x432.jpg 768w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-696x392.jpg 696w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-1068x601.jpg 1068w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-747x420.jpg 747w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-190x107.jpg 190w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-380x214.jpg 380w, https:\/\/news.bitcoin.com\/wp-content\/uploads\/2020\/11\/11stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses-760x428.jpg 760w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"><\/p>\n<ul>\n<li>On November 5, 2020, Circle\u2019s official Twitter account tweeted about USDC business accounts that offer high yield returns. \u201cCircle is planning to introduce short and medium-term high yield interest rate business accounts built entirely on USDC. Starting at 8% APY, make sure to secure a spot on the waitlist today. Restrictions will apply,\u201d the firm tweeted.<\/li>\n<li>The waitlist web page states: \u201cSecure a spot on the waitlist for high yield digital dollar business accounts. Talk with us to explore short and medium-term high yield interest rate accounts built entirely on USDC so you are first in line when the service becomes available.\u201d<\/li>\n<li>The open term APY offer of 8.50% says that it offers no withdrawal limits and account holders can access their digital dollars at any time. A fixed term of 12-months can accrue 10.75% and six months can get 10.25%.<\/li>\n<\/ul>\n<ul>\n<li>\u201cInterest payments are paid out weekly and accrue daily\u201d and the process is \u201cnatively integrated into your Circle Account and customizable through Circle APIs,\u201d the company\u2019s website details.<\/li>\n<li>Most all cryptocurrencies like bitcoin (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>), bitcoin cash (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BCH\" target=\"_blank\" rel=\"noopener noreferrer\">BCH<\/a>), and ethereum (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener noreferrer\">ETH<\/a>) can be leveraged in high yield interest-bearing accounts through various outlets. Yet stablecoins, no matter the flavor, typically accrue much higher interest rates.<\/li>\n<\/ul>\n<p><em><strong>What do you think about Circle introducing high yield digital dollar business accounts with USDC? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/news.bitcoin.com\/stablecoin-savings-circle-launches-high-yield-usdc-accounts-for-businesses\/\">Stablecoin Savings: Circle Launches High Yield USDC Accounts for Businesses<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/news.bitcoin.com\/\">Bitcoin News<\/a>.<\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener noreferrer\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%. On September 26, 2018, Circle and the Centre open-source consortium launched an ERC20 token called USD Coin or [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":52092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-52091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/52091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52091"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/52091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/52092"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}