Circle Will No Longer Enable the Minting of Stablecoins for Consumer Accounts

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Last Updated on November 2, 2023 by Bitfinsider

Circle, the stablecoin issuer, is discontinuing support for consumer Circle Mint accounts.

“Circle is phasing out support for legacy consumer accounts and has notified individual consumers of this decision,” a spokeswoman for the business told The Block. “Account closures do not apply to business or institutional Circle Mint accounts.”

Circle sent out an email on Tuesday informing customers with zero balances that their accounts would be canceled on November 30.

Users who want to mint Circle stablecoins such as USDC and EURC will have to look to alternative sites.

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