Circle chooses Clearwater for its portfolio data services


BOISE, Idaho, November 16, 2021 / PRNewswire / – Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS investment accounting, reporting and analytics solutions, today announced that Circle Internet Financial, LLC has selected Clear water to ensure clarity, consistency and transparency in the USD Coin (USDC) reserve declaration process.

Circle is the primary operator of USDC and enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications around the world. With over $ 33 billion USDC outstanding and above $ 1.3 trillion In on-chain transactions, the USDC is the primary regulated digital dollar currency, redeemable 1: 1 against US dollars, and fully backed by cash and equivalents, as well as short-lived US Treasuries, held in separate accounts.

This year, as USDC’s growth accelerated, Circle needed a solution that would allow it to provide the public with ongoing transparency in reporting, which is one of Circle’s core priorities. Clearwater The SaaS platform helps Circle increase the transparency and clarity of its investment accounting and reporting processes through automated data consolidation and reconciliation, while providing the operational scalability Circle needs as it grows. ‘USDC.

“As investment professionals around the world struggle to unravel the complexities of accounting and reporting for an evolving investment landscape, Clearwater the commitment to the accuracy and timeliness of data is more relevant than ever, ”said Scott Erickson, President of the Americas and New Markets at Clear water. “We are very pleased to be working closely with Circle to help them meet their commitment to transparency and streamline their reporting. “

About Cercle
Circle is a global financial technology company that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications around the world. Circle is the primary operator of USD Coin (USDC), the leading digital dollar currency fueling native Internet commerce and payments continuously with circulation above $ 33 billion and more $ 1.3 trillion in chain transactions. Today, Circle’s transactional services, corporate accounts and platform APIs are spawning a new generation of financial services and business applications that promise to increase global economic prosperity for all through frictionless exchange of financial value. Additionally, Circle operates SeedInvest, one of the largest startup fundraising platforms in the United States.

About Clearwater Analytics
Clearwater Analytics is a leading SaaS solution for automated aggregation, reconciliation, accounting, compliance, risk, performance and reporting of investment data. Every day the Clear water solution report on more than $ 5.6 trillion in assets for clients that include leading insurers, asset managers, corporations, pension plans, governments and nonprofits, helping them get the most out of their portfolio data investment with a world-class product and customer-centric service. Investment professionals around the world trust Clear water to deliver timely investment data and validated analysis. Additional information on Clear water can be found at, LinkedIn, and Twitter.

SOURCE Clearwater Analytics

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