By CCN Markets: Crypto unicorn Circle is shutting down its Circle Pay app in July to focus on stablecoins and developing new wallet services. The parent company of crypto exchange Poloniex made the surprise announcement on its website on June 13. Circle says now is the appropriate time to retire Circle Pay because fiat tokens and stablecoins such as USD Coin (USDC) enable people to seamlessly transfer fiat value over blockchains without the risk of cryptocurrency volatility. “Next month, we’re starting the process of sunsetting support for Circle Pay but are marching forward with the mission we began five years

The post Crypto Unicorn Circle Shutters Payment App to Focus on Stablecoins appeared first on CCN Markets

Source: Cryptocoinsnews