Circle Kicks off 10-Year Anniversary in 2023 and 5 Years of USDC with Release of First Annual "State of the USDC Economy" Report and More

Research rewards and developer grants announced in conjunction with anniversary milestonesDAVOS, Switzerland and BOSTON, January 17, 2023 – Circle, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin, celebrates its 10 year anniversary in 2023 and five years since the launch of USDC. It includes key details about the growth of USDC, the thriving ecosystem of developers building with USDC, and a macroeconomic analysis from Circle’s Chief Economist about why the speculative phase of digital currencies ended in 2022. Also in recognition of the milestone year, Circle is announcing new programs to engage developers and research academics and help drive toward the company mission:Ten $10,000 USDC grants for students studying Web3 development. “Developers are essential to the success of USDC and the entire Web3 ecosystem,” said Allaire. Program details, including the opening of the application process this Spring, will be available in the coming weeks.