(USDC) operator Circle has launched a new account service aimed at helping businesses transact in cryptocurrencies, which could open the door to further adoption of digital assets.
Circle’s new enterprise-focused account allows customers to deposit, withdraw, receive and store cryptocurrencies and have all payments settled in the USDC stablecoin, the company announced Wednesday. New Circle account features give businesses the ability to seamlessly integrate crypto payments into their operations and use digital assets as collateral. Account holders can send and receive USDC through eight blockchain networks, including , Algorand, , , Tron, Hedera, and Flow.
Since Circle Accounts launched in 2020, the number of active users has increased by 213%, the company said. “Companies can adopt USDC for any reason to create additional efficiencies for their operations,” a Circle spokesperson told Cointelegraph, adding:
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