USDC issuer Circle launches onchain compliance platform
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Circle's Compliance Engine Launch: Circle Internet Financial has introduced a new suite of blockchain-based compliance products called Compliance Engine, aimed at helping companies meet compliance demands while building onchain. This includes tools for transaction screening and KYC compliance.
USDC Market Positioning: The launch of Compliance Engine is part of Circle's strategy to enhance the adoption of its USDC stablecoin, which currently has a market cap of approximately $36 billion, significantly trailing behind Tether's USDT at over $119 billion, amidst increasing competition from other stablecoins like PayPal's PYUSD.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
