{"status":"ok","feed":{"url":"https://medium.com/feed/circle-blog","title":"Circle blog - Medium","link":"https://medium.com/circle-blog?source=rss----a9b086b8da20---4","author":"","description":"We\u2019re a global financial technology firm enabling businesses of all sizes to harness stablecoins and public blockchains, powering payments & commerce worldwide. - Medium","image":"https://cdn-images-1.medium.com/proxy/1*TGH72Nnw24QL3iV9IOm4VA.png"},"items":[{"title":"USDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aFeb 2020","pubDate":"2020-03-18 04:02:33","link":"https://medium.com/circle-blog/usdc-reserve-attestation-report-from-grant-thornton-llp-feb-2020-e48206eeb8c1?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/e48206eeb8c1","author":"Circle Team","thumbnail":"","description":"\n
Today, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of February 29, 2020 at 11:59 PM Pacific Time\u00a0(\u201cPT\u201d):
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on March 18,\u00a02020.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aFeb 2020 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nToday, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of February 29, 2020 at 11:59 PM Pacific Time\u00a0(\u201cPT\u201d):
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on March 18,\u00a02020.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aFeb 2020 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":["usdc"]},{"title":"Programmable Dollars for Your Internet Business","pubDate":"2020-03-10 14:02:58","link":"https://medium.com/circle-blog/programmable-dollars-for-your-internet-business-c220edee260a?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/c220edee260a","author":"Jeremy Allaire","thumbnail":"","description":"\nToday, we unveiled a new set of services aimed at helping to usher in the wider use of digital currency in everyday payments and commerce. Specifically, we are expanding our rollout of Business Accounts for USDC, and for the first time introducing a set of developer-oriented platform services dubbed Circle APIs. Combined, we hope that these services will help to unleash a new era of commerce on the internet, enabling businesses everywhere to easily integrate and benefit from the breakthrough of programmable money on the internet.
\nUntil now, for most businesses, digital currency meant one thing\u200a\u2014\u200aspeculating on the value of new forms of non-government issued money and assets. It wasn\u2019t something that could be relied upon or trusted to be used in everyday transactions or commerce more generally.
\nFrom the earliest days of founding Circle, we envisioned a world where \u201ceveryday money\u201d such as dollars, euros and other popular currencies could inherit the most powerful features of digital currencies like bitcoin\u200a\u2014\u200aopen, global, connected to anyone and anything on the internet; fast, cheap and secure to transmit. We were enamoured by the potential of programmable money and smart contracts and how that could transform economic opportunities for people and businesses everywhere.
\nOver the years, we have persisted in meeting that vision, and believe now is the time that programmable internet money will be unleashed, and that creative developers and businesses everywhere can safely build on this new layer of the internet.
\nToday, for the first time, we are opening early access to these services, marking a big step towards realizing this\u00a0vision.
\nCircle Business Accounts and Circle APIs are built on top of the innovation of USDC, the fastest growing full reserve and regulated US dollar stablecoin. Introduced less than 18 months ago, USDC has become a critical market infrastructure for the blockchain industry; it\u2019s now widely used for payments and settlements between counter-parties all around the world, it\u2019s supported by hundreds of 3rd parties who have integrated it into everything from digital wallets and exchanges, to securities platforms, trade finance systems, payment products, savings and lending, and even\u00a0games.
\nUSDC\u2019s rapid growth is happening in a broader context, one where stablecoins are widely viewed as one of the most fundamental breakthroughs in how the international monetary system may function. Big techs like Facebook plan to introduce US dollar stablecoins for their own payment system, and big governments such as China are rolling out digital token-based money tied to the Chinese Yuan as a form of digital cash that will work on the internet.
\nThe underlying infrastructure that supports these digital currencies is also improving at a rapid pace, with 3rd generation blockchains launching that can support global scale in users and apps across the public internet and private networks.
\nNow is the time for businesses everywhere to start diving into the power of programmable dollars on the internet. Just as every business eventually built a website, or setup social media channels, we believe we are on the verge of every business having a digital currency wallet and account. Developers will then be able to build on open APIs from platforms like Circle and mash these up with the powerful capabilities of public blockchains and smart contracts, inventing new models for trade and commerce.
\nFor businesses, this technology heralds the possibility of making and receiving payments with anyone, anywhere in a low-cost and highly secure fashion. It also heralds breakthroughs on how developers can automate money as it becomes a native data type on the internet like other forms of content and data, bringing digital money into apps and services with the same ease and creativity that developers have brought content and communications into services.
\nWhile value exchange may be the initial killer app, it\u2019s the programmability of digital money that will ultimately usher in business model breakthroughs. Streaming payments between devices; payment contracts with gig economy workers that pay by the second; business contracts between buyers and sellers anywhere in the world mediated by code; more directly monetized digital content and digital goods; and of course, fundamental improvements to building block finance apps such as payments, lending, savings and investment\u200a\u2014\u200aall immediate and exciting possibilities for programmable money. We\u2019re excited to see what people can\u00a0build!
\nHow can we make this easy for businesses and developers?
\nUntil recently, for a business to take advantage of this infrastructure it has often been complicated and confusing. Crypto wallets, exchanges, blockchain transaction management, gas fees, private key security, banking connectivity, and compliance hassles have all been technical and operational impediments to the average internet business jumping into digital currency.
\nAs we know from years of work supporting millions of customers and hundreds of billions of dollars in transactions, running blockchain nodes reliably, securing digital currencies and assets in online and offline systems, connecting to the existing banking system, and navigating the complex waters of risk and compliance brought on by crypto is no small\u00a0feat.
\nOur goal with Circle Business Accounts and Circle APIs is to simplify things so that a company can setup and begin using an account with the same ease that they might open a business bank account. Companies should be able to then easily upload their dollars to the internet, convert them into digital currency dollars, and start storing and using these stablecoins for everyday payments. Similarly, developers should be able to quickly and transparently access our APIs in a sandbox, get great examples and documentation, and begin building apps in minutes. These accounts and services should be as easy to adopt and integrate as other popular fintech cloud services such as Stripe or\u00a0Plaid.
\nWith the initial launch of USDC, we provided accounts for institutional traders focused on making markets or block trading digital currency, with customers who were interested in using USDC as the best available fiat on and off ramps. While that use case continues to be very strong for USDC, we\u2019ve also seen USDC adoption begin to grow into other use cases including in savings, lending, payments, investments, trade finance and cross border payments and settlement.
\nWith the launch of our new platform services and Circle APIs, we are also expanding the focus of USDC with the introduction of Business Accounts, allowing any business from 150+ countries to open an account and begin realizing the benefits of internet-native money.
\nHaving a Circle Business Account is also the starting place for taking advantage of our programmable APIs, connecting your funds with powerful\u00a0APIs.
\nLearn more about Circle Business Accounts.
\nWe are in the process of rolling out a family of new API services for businesses to leverage stablecoins to drive innovation in payments, finance and commerce applications. Our APIs are being designed with any business or internet commerce service in mind, not just crypto applications.
\nToday, we\u2019re announcing three sets of APIs: Payments API, Wallets API and Marketplaces APIs.
\nThese APIs are rolling out starting today and over the coming weeks will be expanding. Developers can sign-up today to access our Developer Sandbox, get an API key, and start building.
\nLearn more about Circle\u00a0APIs.
\nWhile many firms in crypto may be very familiar with Circle, most existing internet businesses are less familiar with this space. Part of our story with these new products is the incredible foundation that they are built on top\u00a0of.
\nWith over 5 years of fundamental technology development and innovation, Circle\u2019s platform services have supported over 10 million consumers, over 500 million transactions worth over $300B. We\u2019ve securely stored and custodied over $5B in digital\u00a0assets.
\nAs one of the most licensed and regulated firms in the blockchain industry, we\u2019ve also had the benefit of working with leading banking and card network schemes, enabling us to build products and services that can seamlessly integrate between the old and the new. And as a supervised financial institution, business can have confidence that we are maintaining the highest levels of security and compliance to protect their critical financial applications.
\nWe are excited to unleash our platform capabilities for other developers and creators to build\u00a0upon!
\nWe believe that every business in the world should operate in a more fully digital context, and that now includes having digital currency financial accounts and integrating digital money more fully into their financial and commerce use\u00a0cases.
\nAs such, we want this technology to be broadly used and available, so we\u2019ll always have a free account for any business getting started. This free account will also include free access to our API sandbox, so in addition to storing and using digital currency, your team can imagine and develop apps on our\u00a0APIs.
\nAs customers grow their usage, we plan to introduce affordable subscriptions with scalable usage-based pricing. We will introduce more information about pricing options in an upcoming commercial launch, but businesses should rest-assured that our focus is on starting free and scaling up, all through self-service products.
\nToday, if you operate a business, you can open a Circle Business Account and start experimenting with the power of digital dollars. If you are a developer, you can sign up for our Developer Sandbox, access our docs and example app, and start building with our\u00a0APIs.
\nWe will be rolling out production access and many more APIs over the coming weeks and\u00a0months.
\nShow us what you can build, give us feedback, and please join us on Discord where Circle team members and other community members are available to\u00a0connect.
\nJeremy Allaire
\nOriginally published at https://blog.circle.com on March 10,\u00a02020.
\nProgrammable Dollars for Your Internet Business was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nToday, we unveiled a new set of services aimed at helping to usher in the wider use of digital currency in everyday payments and commerce. Specifically, we are expanding our rollout of Business Accounts for USDC, and for the first time introducing a set of developer-oriented platform services dubbed Circle APIs. Combined, we hope that these services will help to unleash a new era of commerce on the internet, enabling businesses everywhere to easily integrate and benefit from the breakthrough of programmable money on the internet.
\nUntil now, for most businesses, digital currency meant one thing\u200a\u2014\u200aspeculating on the value of new forms of non-government issued money and assets. It wasn\u2019t something that could be relied upon or trusted to be used in everyday transactions or commerce more generally.
\nFrom the earliest days of founding Circle, we envisioned a world where \u201ceveryday money\u201d such as dollars, euros and other popular currencies could inherit the most powerful features of digital currencies like bitcoin\u200a\u2014\u200aopen, global, connected to anyone and anything on the internet; fast, cheap and secure to transmit. We were enamoured by the potential of programmable money and smart contracts and how that could transform economic opportunities for people and businesses everywhere.
\nOver the years, we have persisted in meeting that vision, and believe now is the time that programmable internet money will be unleashed, and that creative developers and businesses everywhere can safely build on this new layer of the internet.
\nToday, for the first time, we are opening early access to these services, marking a big step towards realizing this\u00a0vision.
\nCircle Business Accounts and Circle APIs are built on top of the innovation of USDC, the fastest growing full reserve and regulated US dollar stablecoin. Introduced less than 18 months ago, USDC has become a critical market infrastructure for the blockchain industry; it\u2019s now widely used for payments and settlements between counter-parties all around the world, it\u2019s supported by hundreds of 3rd parties who have integrated it into everything from digital wallets and exchanges, to securities platforms, trade finance systems, payment products, savings and lending, and even\u00a0games.
\nUSDC\u2019s rapid growth is happening in a broader context, one where stablecoins are widely viewed as one of the most fundamental breakthroughs in how the international monetary system may function. Big techs like Facebook plan to introduce US dollar stablecoins for their own payment system, and big governments such as China are rolling out digital token-based money tied to the Chinese Yuan as a form of digital cash that will work on the internet.
\nThe underlying infrastructure that supports these digital currencies is also improving at a rapid pace, with 3rd generation blockchains launching that can support global scale in users and apps across the public internet and private networks.
\nNow is the time for businesses everywhere to start diving into the power of programmable dollars on the internet. Just as every business eventually built a website, or setup social media channels, we believe we are on the verge of every business having a digital currency wallet and account. Developers will then be able to build on open APIs from platforms like Circle and mash these up with the powerful capabilities of public blockchains and smart contracts, inventing new models for trade and commerce.
\nFor businesses, this technology heralds the possibility of making and receiving payments with anyone, anywhere in a low-cost and highly secure fashion. It also heralds breakthroughs on how developers can automate money as it becomes a native data type on the internet like other forms of content and data, bringing digital money into apps and services with the same ease and creativity that developers have brought content and communications into services.
\nWhile value exchange may be the initial killer app, it\u2019s the programmability of digital money that will ultimately usher in business model breakthroughs. Streaming payments between devices; payment contracts with gig economy workers that pay by the second; business contracts between buyers and sellers anywhere in the world mediated by code; more directly monetized digital content and digital goods; and of course, fundamental improvements to building block finance apps such as payments, lending, savings and investment\u200a\u2014\u200aall immediate and exciting possibilities for programmable money. We\u2019re excited to see what people can\u00a0build!
\nHow can we make this easy for businesses and developers?
\nUntil recently, for a business to take advantage of this infrastructure it has often been complicated and confusing. Crypto wallets, exchanges, blockchain transaction management, gas fees, private key security, banking connectivity, and compliance hassles have all been technical and operational impediments to the average internet business jumping into digital currency.
\nAs we know from years of work supporting millions of customers and hundreds of billions of dollars in transactions, running blockchain nodes reliably, securing digital currencies and assets in online and offline systems, connecting to the existing banking system, and navigating the complex waters of risk and compliance brought on by crypto is no small\u00a0feat.
\nOur goal with Circle Business Accounts and Circle APIs is to simplify things so that a company can setup and begin using an account with the same ease that they might open a business bank account. Companies should be able to then easily upload their dollars to the internet, convert them into digital currency dollars, and start storing and using these stablecoins for everyday payments. Similarly, developers should be able to quickly and transparently access our APIs in a sandbox, get great examples and documentation, and begin building apps in minutes. These accounts and services should be as easy to adopt and integrate as other popular fintech cloud services such as Stripe or\u00a0Plaid.
\nWith the initial launch of USDC, we provided accounts for institutional traders focused on making markets or block trading digital currency, with customers who were interested in using USDC as the best available fiat on and off ramps. While that use case continues to be very strong for USDC, we\u2019ve also seen USDC adoption begin to grow into other use cases including in savings, lending, payments, investments, trade finance and cross border payments and settlement.
\nWith the launch of our new platform services and Circle APIs, we are also expanding the focus of USDC with the introduction of Business Accounts, allowing any business from 150+ countries to open an account and begin realizing the benefits of internet-native money.
\nHaving a Circle Business Account is also the starting place for taking advantage of our programmable APIs, connecting your funds with powerful\u00a0APIs.
\nLearn more about Circle Business Accounts.
\nWe are in the process of rolling out a family of new API services for businesses to leverage stablecoins to drive innovation in payments, finance and commerce applications. Our APIs are being designed with any business or internet commerce service in mind, not just crypto applications.
\nToday, we\u2019re announcing three sets of APIs: Payments API, Wallets API and Marketplaces APIs.
\nThese APIs are rolling out starting today and over the coming weeks will be expanding. Developers can sign-up today to access our Developer Sandbox, get an API key, and start building.
\nLearn more about Circle\u00a0APIs.
\nWhile many firms in crypto may be very familiar with Circle, most existing internet businesses are less familiar with this space. Part of our story with these new products is the incredible foundation that they are built on top\u00a0of.
\nWith over 5 years of fundamental technology development and innovation, Circle\u2019s platform services have supported over 10 million consumers, over 500 million transactions worth over $300B. We\u2019ve securely stored and custodied over $5B in digital\u00a0assets.
\nAs one of the most licensed and regulated firms in the blockchain industry, we\u2019ve also had the benefit of working with leading banking and card network schemes, enabling us to build products and services that can seamlessly integrate between the old and the new. And as a supervised financial institution, business can have confidence that we are maintaining the highest levels of security and compliance to protect their critical financial applications.
\nWe are excited to unleash our platform capabilities for other developers and creators to build\u00a0upon!
\nWe believe that every business in the world should operate in a more fully digital context, and that now includes having digital currency financial accounts and integrating digital money more fully into their financial and commerce use\u00a0cases.
\nAs such, we want this technology to be broadly used and available, so we\u2019ll always have a free account for any business getting started. This free account will also include free access to our API sandbox, so in addition to storing and using digital currency, your team can imagine and develop apps on our\u00a0APIs.
\nAs customers grow their usage, we plan to introduce affordable subscriptions with scalable usage-based pricing. We will introduce more information about pricing options in an upcoming commercial launch, but businesses should rest-assured that our focus is on starting free and scaling up, all through self-service products.
\nToday, if you operate a business, you can open a Circle Business Account and start experimenting with the power of digital dollars. If you are a developer, you can sign up for our Developer Sandbox, access our docs and example app, and start building with our\u00a0APIs.
\nWe will be rolling out production access and many more APIs over the coming weeks and\u00a0months.
\nShow us what you can build, give us feedback, and please join us on Discord where Circle team members and other community members are available to\u00a0connect.
\nJeremy Allaire
\nOriginally published at https://blog.circle.com on March 10,\u00a02020.
\nProgrammable Dollars for Your Internet Business was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":[]},{"title":"USDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aJanuary 2020","pubDate":"2020-02-24 19:53:42","link":"https://medium.com/circle-blog/usdc-reserve-attestation-report-from-grant-thornton-llp-january-2020-a33e577f5ea0?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/a33e577f5ea0","author":"Circle Team","thumbnail":"","description":"\nToday, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of January 31, 2020 at 11:59 PM Pacific Time\u00a0(\u201cPT\u201d):
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on February 24,\u00a02020.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aJanuary 2020 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nToday, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of January 31, 2020 at 11:59 PM Pacific Time\u00a0(\u201cPT\u201d):
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on February 24,\u00a02020.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aJanuary 2020 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":[]},{"title":"Davos 2020\u200a\u2014\u200aCrypto & Stablecoins Move into Acceptance Phase","pubDate":"2020-02-04 16:25:27","link":"https://medium.com/circle-blog/davos-2020-crypto-stablecoins-move-into-acceptance-phase-ff244e41e489?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/ff244e41e489","author":"Circle Team","thumbnail":"","description":"\nThe recent convening of the 50th Annual World Economic Forum in Davos, Switzerland brought significantly more attention to digital currency, marking a dramatic shift in my view in how seriously the world\u2019s economic leaders are taking crypto currency and blockchains. Having watched industry and policy leaders react and engage with crypto over the past 7 years, I can say without a doubt that we are moving into the `acceptance\u2019 phase. Things are about to get really interesting.
\nEngagement on Stablecoins and\u00a0CBDC
\nThroughout a range of public and private sessions convened inside the Forum, the discussion centered on global stablecoins and models of digital currency backed by central bank money. In meetings I held with supra-national policymakers, treasury and central bank heads, there was intense interest in learning and in mapping out policy responses.
\nThe engagement on this at Davos has been driven by the continued and inexorable rise of public blockchains and stablecoins built on them, the announcement and proposal of Libra, and the accelerated launch of China\u2019s new central bank digital currency, CDEP.
\nUnsurprisingly, there are distinctly different reactions and thoughts on the road ahead from different \u201ccamps\u201d within the global economic and monetary\u00a0system.
\nAcceptance is Upon\u00a0Us
\nAs noted, this year\u2019s Davos marked what I believe is a watershed moment in the ultimate acceptance of cryptocurrency and public blockchains. There is much less collective denial, and much more willingness to accept and engage on the real technology and policy issues that are being raised by our industry.
\nSpecifically, I believe we are seeing acceptance of:
\nOptimism and the Road\u00a0Ahead
\nAt Davos, new levels of engagement and conversation were meaningfully kicked off. Indeed, to his credit, World Economic Forum Founder and Executive Chairman, Professor Klaus Schwab, convened a consortium of public sector and private sector actors spanning leading central banks, supra-national economic policy bodies, industry leaders and major stablecoin projects to work on standards for governance for global digital currency. As the preeminent multi-stakeholder platform in the world, it is significant and symbolic that the Forum is convening world leaders to embrace, understand and chart a course for the global adoption of digital currency.
\nThis consortium will continue its work over the coming years, helping to forge a path for public sector and private sector collaboration, and helping to unleash the incredible potential for global digital currency and blockchains to transform our the global economic system. Supporting this engagement, I published a paper on these themes concurrently with Davos\u200a\u2014\u200aStablecoins, Global Digital Currency and the Future of the International Monetary\u00a0System.
\nHaving begun this journey 7 years ago, I imagined that digital currency would reach these heights of the economic system, but to see it emerge gives me great optimism for what we can accomplish in the coming\u00a0decade.
\nJeremy Allaire
\nDavos 2020\u200a\u2014\u200aCrypto & Stablecoins Move into Acceptance Phase was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nThe recent convening of the 50th Annual World Economic Forum in Davos, Switzerland brought significantly more attention to digital currency, marking a dramatic shift in my view in how seriously the world\u2019s economic leaders are taking crypto currency and blockchains. Having watched industry and policy leaders react and engage with crypto over the past 7 years, I can say without a doubt that we are moving into the `acceptance\u2019 phase. Things are about to get really interesting.
\nEngagement on Stablecoins and\u00a0CBDC
\nThroughout a range of public and private sessions convened inside the Forum, the discussion centered on global stablecoins and models of digital currency backed by central bank money. In meetings I held with supra-national policymakers, treasury and central bank heads, there was intense interest in learning and in mapping out policy responses.
\nThe engagement on this at Davos has been driven by the continued and inexorable rise of public blockchains and stablecoins built on them, the announcement and proposal of Libra, and the accelerated launch of China\u2019s new central bank digital currency, CDEP.
\nUnsurprisingly, there are distinctly different reactions and thoughts on the road ahead from different \u201ccamps\u201d within the global economic and monetary\u00a0system.
\nAcceptance is Upon\u00a0Us
\nAs noted, this year\u2019s Davos marked what I believe is a watershed moment in the ultimate acceptance of cryptocurrency and public blockchains. There is much less collective denial, and much more willingness to accept and engage on the real technology and policy issues that are being raised by our industry.
\nSpecifically, I believe we are seeing acceptance of:
\nOptimism and the Road\u00a0Ahead
\nAt Davos, new levels of engagement and conversation were meaningfully kicked off. Indeed, to his credit, World Economic Forum Founder and Executive Chairman, Professor Klaus Schwab, convened a consortium of public sector and private sector actors spanning leading central banks, supra-national economic policy bodies, industry leaders and major stablecoin projects to work on standards for governance for global digital currency. As the preeminent multi-stakeholder platform in the world, it is significant and symbolic that the Forum is convening world leaders to embrace, understand and chart a course for the global adoption of digital currency.
\nThis consortium will continue its work over the coming years, helping to forge a path for public sector and private sector collaboration, and helping to unleash the incredible potential for global digital currency and blockchains to transform our the global economic system. Supporting this engagement, I published a paper on these themes concurrently with Davos\u200a\u2014\u200aStablecoins, Global Digital Currency and the Future of the International Monetary\u00a0System.
\nHaving begun this journey 7 years ago, I imagined that digital currency would reach these heights of the economic system, but to see it emerge gives me great optimism for what we can accomplish in the coming\u00a0decade.
\nJeremy Allaire
\nDavos 2020\u200a\u2014\u200aCrypto & Stablecoins Move into Acceptance Phase was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":["blockchain","stablecoin-cryptocurrency","davos","cbdc","usdc"]},{"title":"My Message at Davos: Support Global Stablecoins via Public/Private Partnership","pubDate":"2020-01-24 16:20:10","link":"https://medium.com/circle-blog/my-message-at-davos-support-global-stablecoins-via-public-private-partnership-9bf9d7703cf?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/9bf9d7703cf","author":"Circle Team","thumbnail":"","description":"\nWhen I travel to Davos next week, I\u2019ll be advocating for the public and private sector to come together to support the development of global stablecoins backed by central bank money and regulated through new forms of public and private partnership.
\nSuch an approach allows the private sector, including the broader open technical development community, to drive forward with technology and business model innovation, while also ensuring a reasonable standard for compliance and safety and soundness.
\nIn short, it offers the best way to tackle a central question that world leaders must answer: How to reshape the global economic order in a way that creates wealth and value for people around the\u00a0world?
\nPartnership between the public and private sector for stablecoins will help build an international monetary system that combines the strengths of global central bank money with the power of public blockchains. Through such an effort, it should become possible to establish a new global economic system that is more inclusive, integrated, stable, secure, and open to everyone in the world, ultimately helping to increase wealth creation for\u00a0all.
\nI\u2019ll be making my case on a variety of panels and by publishing the a paper below\u200a\u2014\u200a\u201cStablecoins, Global Digital Currency and the Future of the International Monetary\u00a0System.\u201d
\nThis paper attempts to catalyze new thinking by laying out key topics global policy makers should consider as they chart a course forward for the global financial system and digital currencies during the next decade. In particular, the paper explores the opportunities and challenges posed by stablecoins like USD Coin\u00a0(USDC).
\nPlease read it and let me know your thoughts on Twitter: @jerallaire
\nOriginally published at https://blog.circle.com on January 17,\u00a02020.
\nMy Message at Davos: Support Global Stablecoins via Public/Private Partnership was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nWhen I travel to Davos next week, I\u2019ll be advocating for the public and private sector to come together to support the development of global stablecoins backed by central bank money and regulated through new forms of public and private partnership.
\nSuch an approach allows the private sector, including the broader open technical development community, to drive forward with technology and business model innovation, while also ensuring a reasonable standard for compliance and safety and soundness.
\nIn short, it offers the best way to tackle a central question that world leaders must answer: How to reshape the global economic order in a way that creates wealth and value for people around the\u00a0world?
\nPartnership between the public and private sector for stablecoins will help build an international monetary system that combines the strengths of global central bank money with the power of public blockchains. Through such an effort, it should become possible to establish a new global economic system that is more inclusive, integrated, stable, secure, and open to everyone in the world, ultimately helping to increase wealth creation for\u00a0all.
\nI\u2019ll be making my case on a variety of panels and by publishing the a paper below\u200a\u2014\u200a\u201cStablecoins, Global Digital Currency and the Future of the International Monetary\u00a0System.\u201d
\nThis paper attempts to catalyze new thinking by laying out key topics global policy makers should consider as they chart a course forward for the global financial system and digital currencies during the next decade. In particular, the paper explores the opportunities and challenges posed by stablecoins like USD Coin\u00a0(USDC).
\nPlease read it and let me know your thoughts on Twitter: @jerallaire
\nOriginally published at https://blog.circle.com on January 17,\u00a02020.
\nMy Message at Davos: Support Global Stablecoins via Public/Private Partnership was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":[]},{"title":"USDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aDecember 2019","pubDate":"2020-01-22 21:57:49","link":"https://medium.com/circle-blog/usdc-reserve-attestation-report-from-grant-thornton-llp-december-2019-81c1f8f3916d?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/81c1f8f3916d","author":"Circle Team","thumbnail":"","description":"\nToday, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of December 31, 2019 at 11:59 PM Pacific Time\u00a0(\u201cPT\u201d):
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on January 22,\u00a02020.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aDecember 2019 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nToday, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of December 31, 2019 at 11:59 PM Pacific Time\u00a0(\u201cPT\u201d):
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on January 22,\u00a02020.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aDecember 2019 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":[]},{"title":"Why Crypto Exchanges Love Stablecoins Like USDC","pubDate":"2019-12-20 12:25:35","link":"https://medium.com/circle-blog/why-crypto-exchanges-love-stablecoins-like-usdc-4949a7f1cd57?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/4949a7f1cd57","author":"Circle Team","thumbnail":"","description":"\nThis is part of a series of blogs to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series are available here
\nIn a little over a year since the launch of USD Coin (USDC), it has become one of the most popular quote currencies on digital asset exchanges across the globe. Currently, 60+ exchanges-including Binance, Coinbase Pro, and Poloniex-support the dollar-backed stablecoin. And that number is on the\u00a0rise.
\nWhy do so many exchanges choose to list USDC when, unlike bitcoin (BTC) and other cryptoassets, it doesn\u2019t grow in value? We answer that question and more in the report\u00a0below.
\nIf you want to try USDC, find out how at circle.com/tokenizer
\nOriginally published at https://blog.circle.com on December 17,\u00a02019.
\nWhy Crypto Exchanges Love Stablecoins Like USDC was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nThis is part of a series of blogs to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series are available here
\nIn a little over a year since the launch of USD Coin (USDC), it has become one of the most popular quote currencies on digital asset exchanges across the globe. Currently, 60+ exchanges-including Binance, Coinbase Pro, and Poloniex-support the dollar-backed stablecoin. And that number is on the\u00a0rise.
\nWhy do so many exchanges choose to list USDC when, unlike bitcoin (BTC) and other cryptoassets, it doesn\u2019t grow in value? We answer that question and more in the report\u00a0below.
\nIf you want to try USDC, find out how at circle.com/tokenizer
\nOriginally published at https://blog.circle.com on December 17,\u00a02019.
\nWhy Crypto Exchanges Love Stablecoins Like USDC was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":["stable-coin","bitcoin","blockchain","fintech","ethereum"]},{"title":"Circle Organizes for Stablecoin Platform Focus in 2020","pubDate":"2019-12-20 12:23:02","link":"https://medium.com/circle-blog/circle-organizes-for-stablecoin-platform-focus-in-2020-3b85742b722f?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/3b85742b722f","author":"Circle Team","thumbnail":"","description":"\nCircle is approaching 2020 with a deep focus on stablecoins globally, dollars on public blockchains (USDC) specifically, and the powerful possibilities they unlock for people, businesses, and governments all around the\u00a0world.
\nMore than six years ago, we envisioned a world in which value can move freely and instantly over the internet\u200a\u2014\u200alowering the cost of commerce, connecting and including more people in the financial system, and sparking financial innovation as money itself becomes programmable. Global stablecoins and USDC, which we created and delivered through the CENTRE industry consortium, propel that mission forward in Circle\u2019s next\u00a0phase.
\nOur 2020 product roadmap sees this focus emerging first in the form of new global payment, custody, and wallet APIs for stablecoins. These APIs will be offered as services to businesses and developers everywhere who will be able to take advantage of the innovation and efficiency of stablecoins without the cost, complexity and risk of implementing this infrastructure themselves.
\nThis focus builds on Circle\u2019s core strength: The platform services infrastructure we built and iterated on over the last six years. These core services support USDC and unlock financial use cases worldwide.
\nCircle\u2019s platform services quietly supported our Pay, Invest, Trade and USDC products and businesses by providing robust underlying custody, risk and identity management, compliance management, data science, card and banking gateways, and blockchain gateways. These platform services are analogous to the massive foundation of an iceberg not visible beneath the water while our products were the small visible crest\u00a0above.
\nIn 2020, we\u2019re excited to surface this core of what we\u2019ve built and expose these powerful services through new APIs. These APIs will accelerate the adoption of stablecoins and USDC, which has already become the fastest growing and largest full-reserve stablecoin in the\u00a0world.
\nIt\u2019s an exciting time to be building, as so much of what we\u2019d envisioned upon founding Circle is now finally becoming reality at scale. Stablecoins, third generation blockchains, and deep global policy engagement suggest to us that the mass market phase of crypto currency adoption is approaching over the next two to three\u00a0years.
\nOur sharpened 2020 focus is supported by several recent changes in Circle\u2019s business and organization. Focusing effectively on stablecoin platforms means we must reduce complexity, tighten our product portfolio, and organize our teams to execute with greater\u00a0agility.
\nThis streamlining takes the form of several specific decisions outlined below which have improved Circle\u2019s ability to execute this next\u00a0phase:
\nWe\u2019re announcing today that we have sold the Circle Trade OTC business to Kraken. We have known and admired Jesse and his team at Kraken for many years, and we have every confidence and expectation that Circle Trade customers and partners will continue to find best-in-class OTC liquidity service and responsiveness through Kraken going forward. Circle Trade represents an enormous success for the industry as well as for Circle, and we\u2019re excited to see Kraken grow it\u00a0further.
\nAs has been widely reported, we also successfully sold and spun out our exchange business, Poloniex, into a standalone company backed by an Asian investment group. Although published reports continue to misrepresent both the original acquisition and the context of the spin out, it is true that Poloniex changed Circle significantly, and in order to gain focus on our stablecoin platform mission as well as practical US regulatory reality, we determined that we should exit the exchange business and enable it to prosper independently under new ownership.
\nOver the course of 2019, we also wound down the standalone Circle Pay application. Although we shuttered the mobile application, the underlying platform technologies, battled-tested with millions of users and billions of dollars in transactions, will be part of our new stablecoin platform services. This will enable third party applications to take advantage of the underlying platform services that powered Pay and other Circle applications.
\nSeedInvest, the top US equity crowdfunding platform and a registered Broker-Dealer and Alternative Trading System which we acquired in 2018, will continue to operate as an independent affiliate of\u00a0Circle.
\nJust as our business gained focus, reduced complexity, and simplified\u200a\u2014\u200aso has the organization and our teams. As part of the successful Poloniex spin out, more than 80 Circle employees transitioned to the new standalone company.
\nWe as Circle\u2019s two founders have also streamlined: I (Sean) determined that these successful business changes make the timing appropriate to exit my co-CEO management position, though I will remain connected to the company as an independent director on the Circle Board of Directors. I also expect to propel the mission forward through CENTRE and other new complementary paths that traverse important challenges in infrastructure, regulatory policy, economics, and product development. This will be my final blog post co-authored with\u00a0Jeremy.
\nAt the executive level, our Chief Financial Officer Naeem Ishaq and Chief Legal Officer Gus Coldebella are also transitioning from the company into new adventures befitting their expertise. Gus will continue to advise the company on a number of important government relations issues. We are deeply grateful for their contributions.
\nThese and other related organizational changes throughout the company help align operations and talent to match our stablecoin platform services focus and 2020 product\u00a0roadmap.
\nUltimately the crypto industry\u2019s technical, regulatory, and product problems are fundamentally people problems, and it takes great people coming together to solve them. In 2020, we will continue to focus on building and growing our talented teams of people to execute on Circle\u2019s next phase. We welcome outreach from people who share a belief in our mission of building an open global financial system.
\nOur vision and mission remain unchanged since we founded Circle in the summer of 2013. We have, however, course-corrected many times as we execute on that mission to achieve the vision. We have learned many important lessons, and they inform where we are now and our plan for traversing the path\u00a0ahead.
\nThe global interest in stablecoins and digital currency backed by central bank money, the introduction of third generation public blockchains, and the accelerated global policy interest in crypto all provide an exciting backdrop for our new platform services in 2020. We are excited to get these technologies into the hands of creative developers and businesses everywhere.
\nMany of us in this nascent crypto ecosystem set out years ago on a shared mission to create an improved, inclusive, open financial system for the world. We\u2019ve made a small yet undeniable impact so far, but we\u2019re far from done. We could not be more proud to engage with you in the challenges and opportunities in global policy, economics, and technology that we all boldly face together in the new decade\u00a0ahead.
\nSean &\u00a0Jeremy
\nOriginally published at https://blog.circle.com on December 17,\u00a02019.
\nCircle Organizes for Stablecoin Platform Focus in 2020 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nCircle is approaching 2020 with a deep focus on stablecoins globally, dollars on public blockchains (USDC) specifically, and the powerful possibilities they unlock for people, businesses, and governments all around the\u00a0world.
\nMore than six years ago, we envisioned a world in which value can move freely and instantly over the internet\u200a\u2014\u200alowering the cost of commerce, connecting and including more people in the financial system, and sparking financial innovation as money itself becomes programmable. Global stablecoins and USDC, which we created and delivered through the CENTRE industry consortium, propel that mission forward in Circle\u2019s next\u00a0phase.
\nOur 2020 product roadmap sees this focus emerging first in the form of new global payment, custody, and wallet APIs for stablecoins. These APIs will be offered as services to businesses and developers everywhere who will be able to take advantage of the innovation and efficiency of stablecoins without the cost, complexity and risk of implementing this infrastructure themselves.
\nThis focus builds on Circle\u2019s core strength: The platform services infrastructure we built and iterated on over the last six years. These core services support USDC and unlock financial use cases worldwide.
\nCircle\u2019s platform services quietly supported our Pay, Invest, Trade and USDC products and businesses by providing robust underlying custody, risk and identity management, compliance management, data science, card and banking gateways, and blockchain gateways. These platform services are analogous to the massive foundation of an iceberg not visible beneath the water while our products were the small visible crest\u00a0above.
\nIn 2020, we\u2019re excited to surface this core of what we\u2019ve built and expose these powerful services through new APIs. These APIs will accelerate the adoption of stablecoins and USDC, which has already become the fastest growing and largest full-reserve stablecoin in the\u00a0world.
\nIt\u2019s an exciting time to be building, as so much of what we\u2019d envisioned upon founding Circle is now finally becoming reality at scale. Stablecoins, third generation blockchains, and deep global policy engagement suggest to us that the mass market phase of crypto currency adoption is approaching over the next two to three\u00a0years.
\nOur sharpened 2020 focus is supported by several recent changes in Circle\u2019s business and organization. Focusing effectively on stablecoin platforms means we must reduce complexity, tighten our product portfolio, and organize our teams to execute with greater\u00a0agility.
\nThis streamlining takes the form of several specific decisions outlined below which have improved Circle\u2019s ability to execute this next\u00a0phase:
\nWe\u2019re announcing today that we have sold the Circle Trade OTC business to Kraken. We have known and admired Jesse and his team at Kraken for many years, and we have every confidence and expectation that Circle Trade customers and partners will continue to find best-in-class OTC liquidity service and responsiveness through Kraken going forward. Circle Trade represents an enormous success for the industry as well as for Circle, and we\u2019re excited to see Kraken grow it\u00a0further.
\nAs has been widely reported, we also successfully sold and spun out our exchange business, Poloniex, into a standalone company backed by an Asian investment group. Although published reports continue to misrepresent both the original acquisition and the context of the spin out, it is true that Poloniex changed Circle significantly, and in order to gain focus on our stablecoin platform mission as well as practical US regulatory reality, we determined that we should exit the exchange business and enable it to prosper independently under new ownership.
\nOver the course of 2019, we also wound down the standalone Circle Pay application. Although we shuttered the mobile application, the underlying platform technologies, battled-tested with millions of users and billions of dollars in transactions, will be part of our new stablecoin platform services. This will enable third party applications to take advantage of the underlying platform services that powered Pay and other Circle applications.
\nSeedInvest, the top US equity crowdfunding platform and a registered Broker-Dealer and Alternative Trading System which we acquired in 2018, will continue to operate as an independent affiliate of\u00a0Circle.
\nJust as our business gained focus, reduced complexity, and simplified\u200a\u2014\u200aso has the organization and our teams. As part of the successful Poloniex spin out, more than 80 Circle employees transitioned to the new standalone company.
\nWe as Circle\u2019s two founders have also streamlined: I (Sean) determined that these successful business changes make the timing appropriate to exit my co-CEO management position, though I will remain connected to the company as an independent director on the Circle Board of Directors. I also expect to propel the mission forward through CENTRE and other new complementary paths that traverse important challenges in infrastructure, regulatory policy, economics, and product development. This will be my final blog post co-authored with\u00a0Jeremy.
\nAt the executive level, our Chief Financial Officer Naeem Ishaq and Chief Legal Officer Gus Coldebella are also transitioning from the company into new adventures befitting their expertise. Gus will continue to advise the company on a number of important government relations issues. We are deeply grateful for their contributions.
\nThese and other related organizational changes throughout the company help align operations and talent to match our stablecoin platform services focus and 2020 product\u00a0roadmap.
\nUltimately the crypto industry\u2019s technical, regulatory, and product problems are fundamentally people problems, and it takes great people coming together to solve them. In 2020, we will continue to focus on building and growing our talented teams of people to execute on Circle\u2019s next phase. We welcome outreach from people who share a belief in our mission of building an open global financial system.
\nOur vision and mission remain unchanged since we founded Circle in the summer of 2013. We have, however, course-corrected many times as we execute on that mission to achieve the vision. We have learned many important lessons, and they inform where we are now and our plan for traversing the path\u00a0ahead.
\nThe global interest in stablecoins and digital currency backed by central bank money, the introduction of third generation public blockchains, and the accelerated global policy interest in crypto all provide an exciting backdrop for our new platform services in 2020. We are excited to get these technologies into the hands of creative developers and businesses everywhere.
\nMany of us in this nascent crypto ecosystem set out years ago on a shared mission to create an improved, inclusive, open financial system for the world. We\u2019ve made a small yet undeniable impact so far, but we\u2019re far from done. We could not be more proud to engage with you in the challenges and opportunities in global policy, economics, and technology that we all boldly face together in the new decade\u00a0ahead.
\nSean &\u00a0Jeremy
\nOriginally published at https://blog.circle.com on December 17,\u00a02019.
\nCircle Organizes for Stablecoin Platform Focus in 2020 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":["ethereum","bitcoin","blockchain","stable-coin","fintech"]},{"title":"A Crypto Trader\u2019s Guide to USD Coin (USDC)","pubDate":"2019-12-04 18:23:43","link":"https://medium.com/circle-blog/a-crypto-traders-guide-to-usd-coin-usdc-afcef997ca4d?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/afcef997ca4d","author":"Circle Team","thumbnail":"","description":"\nThis is part of a series of blogs to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series are available here.
\nUSD Coin (USDC) provides crypto traders with an unprecedented level of trust, speed, and ease to move in and out of risk-on trades in the digital asset markets. That\u2019s why more than $1 billion of USDC was issued in its first year alone-making it the fastest-growing stablecoin in the\u00a0world.
\nSo what are some reasons why traders love\u00a0USDC?
\nTo learn more, please download the full use case\u00a0here:
\nIf you want to try USDC, find out how at circle.com/tokenizer
\nOriginally published at https://blog.circle.com on December 4,\u00a02019.
\nA Crypto Trader\u2019s Guide to USD Coin (USDC) was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nThis is part of a series of blogs to help people understand the various ways USD Coin (USDC) powers the crypto ecosystem. The other blogs in this series are available here.
\nUSD Coin (USDC) provides crypto traders with an unprecedented level of trust, speed, and ease to move in and out of risk-on trades in the digital asset markets. That\u2019s why more than $1 billion of USDC was issued in its first year alone-making it the fastest-growing stablecoin in the\u00a0world.
\nSo what are some reasons why traders love\u00a0USDC?
\nTo learn more, please download the full use case\u00a0here:
\nIf you want to try USDC, find out how at circle.com/tokenizer
\nOriginally published at https://blog.circle.com on December 4,\u00a02019.
\nA Crypto Trader\u2019s Guide to USD Coin (USDC) was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":["bitcoin","trading","cryptocurrency","stable-coin","ethereum"]},{"title":"USDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aOctober 2019","pubDate":"2019-11-20 14:58:40","link":"https://medium.com/circle-blog/usdc-reserve-attestation-report-from-grant-thornton-llp-october-2019-3bc7580756ec?source=rss----a9b086b8da20---4","guid":"https://medium.com/p/3bc7580756ec","author":"Circle Team","thumbnail":"","description":"\nToday, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of October 31, 2019 at 11:59 PM Pacific\u00a0Time:
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on November 20,\u00a02019.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aOctober 2019 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","content":"\nToday, Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of October 31, 2019 at 11:59 PM Pacific\u00a0Time:
\nYou can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle\u2019s USDC reserves on a monthly\u00a0basis.
\nOriginally published at https://blog.circle.com on November 20,\u00a02019.
\nUSDC Reserve Attestation Report from Grant Thornton LLP\u200a\u2014\u200aOctober 2019 was originally published in Circle blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
\n","enclosure":{},"categories":["stable-coin","blockchain","bitcoin","ethereum","cryptocurrency"]}]}