New Initiative by Circle Aims to Drive Innovation in Web3

Circle Launches Circle Research to Drive Innovation in Crypto and Blockchain

On September 29, Circle, the issuer of USDC, introduced Circle Research, an open-source research initiative aimed at advancing innovation in the crypto, blockchain, and web3 space. The first project under Circle Research is Perimeter Protocol, an open-source standard for building tokenized credit markets on blockchain networks.

The Perimeter Protocol’s primary goal is to establish intelligent contracts and benchmarks for decentralized credit exchange on public blockchains. This will enable a smooth flow of capital on secure, transparent, and decentralized networks. By eliminating barriers in on-chain lending markets, the protocol facilitates invoice factoring, institutional crypto credit facilities, and merchant financing.

Circle is encouraging blockchain developers and the wider community to engage with Perimeter’s code base on GitHub. This collaboration can drive the evolution and expansion of tokenized credit applications across various use cases.

Circle Research operates under a charter that prioritizes open-source knowledge sharing. They believe that open research and collaboration will benefit the public good and enhance security standards in emerging technologies like crypto and blockchain.

Hot Take: Circle Research Paves the Way for Tokenized Credit Innovation

Circle’s launch of Circle Research demonstrates their commitment to fostering innovation in the crypto and blockchain industry. By introducing Perimeter Protocol as their first project, they are addressing the need for efficient decentralized credit exchange on public blockchains. This initiative has the potential to revolutionize various sectors by enabling seamless capital flow through secure networks.

By inviting developers and the community to contribute to Perimeter’s code base on GitHub, Circle is encouraging collaboration and knowledge sharing. This approach can lead to further advancements in tokenized credit applications across different use cases.

Overall, Circle Research’s focus on open-source research aligns with the industry’s need for transparency and security. As more projects like Perimeter Protocol emerge, the crypto and blockchain ecosystem will continue to evolve, offering innovative solutions to global financial challenges.