Circle Announces Strategic Change, Ending Consumer Account Services
4 months ago 1 min read

Circle to Cease Consumer Account Support in Strategic Move

USDC Stablecoin issuer Circle has announced its decision to discontinue support for consumer accounts. According to a statement released, Circle consumer accounts will no longer be supported as part of the company’s strategic review. The discontinuation of wiring and mining functionalities will take effect, and all consumer accounts will be closed on November 30, 2023. While the statement did not delve into specific details about the motivations behind this move, Circle emphasized that this action is consistent with its terms and agreements, implying it’s in line with its pre-established policies. This development follows comments made by Circle’s CEO, Jeremy Allaire,