The project was to help companies gain easier access to the DeFi credit protocols such as Compound on the Ethereum network

Circle has postponed launching of the DeFi API indefinitely

06.03.2022 - 07:00


1 min

What’s new? Circle, a stablecoin issuer and crypto payments company, has delayed the release of its DeFi API product, citing the need for further regulatory guidance. Last June, Circle CEO Jeremy Allaire announced the DeFi API project, which was to help businesses access DeFi’s leading protocols, starting with Compound Finance on the Ethereum blockchain.

The Block’s material

How does Circle comment on the DeFi API launch postponement? In a statement, the company said:

“We continue to focus on empowering institutions to send, spend and secure USDC and unlock new ways of doing business with the suite of services available through Circle Account. The timing of the DeFi API product rollout will be guided by developments in, and the availability of, further regulatory guidance.”

The users can no longer join the DeFi API launch waitlist, this link leads back to the Circle homepage.

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