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Circle will discontinue support for consumer or individual Circle Mint Accounts. Business and institutional Mint accounts will remain available.
In response to recent discussions about Circle limiting individual usage of Circle Mint, Circle CEO Jeremy Allaire clarified the situation, saying, "There is nothing new here. We haven't allowed individuals to open Circle accounts in years, and we have been institution-only for years as well." He also mentioned their strong partnerships with retail partners worldwide, including their strategic partner Coinbase, which provides excellent retail access to USDC without fees and maintains a 1:1 peg.
Allaire emphasized that the only change is the discontinuation of support for the remaining individual user accounts, numbering in the thousands. He urged people to disregard rumors, conspiracy theories, and unfounded concerns.
It's worth noting that Circle's rival, Tether, still supports individual consumer accounts, but with a minimum limit of $100,000.
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