Institutions invest in fixed rate crypto yield


At the same time, institutional interest in crypto is increasing. The cryptocurrency’s total market cap topped $ 2 trillion in August 2021, in part thanks to firms and investment firms exploring the space. But many institutions are still on the sidelines, either because they don’t know how to invest in crypto or because they aren’t comfortable with the risks and volatility typically associated with Bitcoin and DeFi. Corporate treasurers and institutional fund managers face a unique challenge. On the one hand, they have accumulated large cash balances. On the other hand, persistently low interest rates give them very few options to generate significant returns on that cash, with 10-year treasury bills¹ and 10-year corporate bonds rated Aaa² generating less. half of their historical average as of October 1, 2021..

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Circle Yield is designed to answer all of this. This is a new investment designed to help institutions invest in the crypto lending markets without the uncertainty and opacity. It is a fixed-term investment issued under a clear regulatory framework, and it offers much higher returns than those offered by banks and many fixed income markets, with terms ranging from one month to one year. * It is also fully secure and oversized with Bitcoin, with all the guarantees held by a third-party custodian that serves over 400 institutional clients. _____________________________________

Circle Yield is built with USDC, a full reserve dollar digital currency. USDC is fully backed by cash and equivalents and short-term US Treasury bills, so it is always redeemable 1: 1 against US dollars. Each month, Circle publishes Grant Thornton attestation reports regarding USDC-backed reserve balances. The total USDC in circulation has exceeded $ 32 billion as more businesses and investors recognize the value of its stability and transparency.

Circle Yield is also attracting interest from crypto organizations, as blockchain foundations, NFT platforms and others seek to diversify their treasuries. Allocation in Circle Yield can help balance growth and security while keeping funds on the blockchain. Circle Yield’s fixed rates and clear regulatory framework may offer greater certainty over storing funds in native tokens or investing in DeFi.

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Offer subject to company approval, geographic availability ** and regulatory clearance, and there is no guarantee that product will become available within a specific time frame or for a specific customer or geographic area . Circle Yield offered by Circle International Bermuda Limited (“Circle Bermuda”). Circle account and money transfer services are provided by Circle Internet Financial, LLC or, for customers using Circle account services located in the United Kingdom, Circle UK Trading Company Limited. Circle Internet Financial, LLC, NMLS # 1201441, is an authorized provider of money transfer services. Circle Payments, LLC, DFPI Money Transmitter License # 2549, is registered with the California Department of Financial Protection & Innovation. A complete list of Circle licenses is available here. Circle is not a bank; your Circle account is not a bank account and the funds are not insured by the Federal Deposit Insurance Corporation, the Securities Investor Protection Corporation, or any U.S. or foreign government agency, insurance fund, person, or entity. For investors in the United States, the investments described in this communication are offered by Circle Bermuda to “accredited investors” only in accordance with Regulation D, Rule 506 (c) of the Securities Action of 1933, as amended. While Circle Bermuda is regulated by the Bermuda Monetary Authority for digital asset business, Circle Bermuda is not engaged in banking and deposit taking business and is not regulated for such purposes. You should carefully conduct your own investigations and analyzes in connection with any participation in this product, including its objectives, risk factors, fees and expenses and the information set forth in these documents. All potential participants in the products described here are encouraged to consult their legal, accounting and tax advisors regarding any potential participation. Please read the offering documents carefully before investing. Further information is available upon request.

© 2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.

* Available rates are subject to change based on availability, approval and market conditions ** Currently not available in the following US states: Alaska, Minnesota, New York and Hawaii.

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