Circle launches initiative to advance web3 innovation
On Sep. 29, USDC-issuer Circle launched Circle Research, an initiative to advance crypto, blockchain, and web3 innovation through open-source research. Perimeter Protocol, an open-source standard for building tokenized credit markets on blockchain networks, is the first project by Circle Research. The Perimeter Protocol aims to create a system of intelligent contracts and benchmarks for decentralized credit exchange on public blockchains. This will allow for a seamless flow of capital on secure, transparent, and decentralized networks. Read more: Circle files appeal to remove stablecoins from SEC’s Binance lawsuit The objective is to eliminate obstacles in on-chain lending markets. The Perimeter Protocol facilitates invoice factoring, institutional crypto credit facilities, and merchant financing. It is an open-source platform that allows anyone to utilize, enhance, and contribute to the protocol. Circle is inviting blockchain developers and the b...