Circle, a leading global financial technology firm and the issuer of USDC, the world’s largest, regulated U.S. dollar-backed stablecoin, has announced an OpenChain ISO/IEC 5230 conformant program. ISO/IEC 5230 is the international standard for open source license compliance, and provides a clear, globally recognized way to run a quality program to ensure effective, trustable supply chain management.
Circle enables businesses of all sizes to harness the power of digital currencies, public blockchains and open-source technologies for payments, commerce and financial applications worldwide. Circle’s payment stablecoins – USDC and EURC – and platforms are helping to build a new financial system that moves at internet speed, scale and cost.
“Circle is at the forefront of bringing open internet software into the world of money,” said Trevor Baker, VP Technical Operations. “A digital dollar like USDC is a key technology that supports businesses, developers, and the future of payments. The OpenChain certification represents Circle’s commitment to maintaining the highest compliance standards for open source technology in the financial arena.”
“The OpenChain certification journey was an incredible return on investment by streamlining our open source processes,” stated Jeff Tang, Circle’s Chief Intellectual Property Counsel. “Circle is excited to help raise the bar in blockchain development.”
“Adopting ISO/IEC 5230 is fast becoming a litmus test for commitment to industry best practices around open source,” says Shane Coughlan, OpenChain General Manager. “I am delighted to see Circle take leadership in this area, and to provide a strong signal to the FinTech market regarding effective management of open technology. They join companies like KakaoBank in working with our standards, and I look forward to collaborating with the Circle team on next steps for the financial supply chain.”
About Circle Internet Financial, LLC
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USDC and EURC – highly liquid, interoperable and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Learn more at https://circle.com.
