Circle intends to sell crowdfunding platform SeedInvest to develop stablecoin products

According to CoinDesk, Circle's plan to fully invest in stablecoins is nearing completion. One of Circle's co-founders and current CEO Jeremy Allaire said the company intends to sell SeedInvest, a crowdfunding platform it acquired a year ago, and focus its remaining assets on developing stablecoin products. As part of this process, the company will launch a new API and Circle Business Account on Tuesday, which will allow corporate customers to conduct USDC business.