Compare Circle vs Tassat
Customers evaluate the quality of Circle's products using the following success metrics.
Overview
Circle is 11 yrs old and is based in United States.
Circle provides a financial technology solution allowing users to send and receive funds globally. It offers crypto treasury management solutions for businesses to manage digital assets. It serves asset managers, financial technology companies, and financial institutions. The company was founded in 2013 and is based in Boston, Massachusetts.
Tassat is 7 yrs old and is based in United States.
Tassat is a financial technology company that provides solutions to financial markets utilizing blockchain-based technologies to enable asset transfer and settlement. The company was founded in 2017 and is based in New York, New York.
Demo Video
Leadership
Jeremy D. Allaire (Founder, Chief Executive Officer)
Kevin R. Greene (Chief Executive Officer)
Investors
Coinbase, Marshall Wace Asset Management
Paycheck Protection Program, HashKey Capital
Product
Why Circle beats Tassat
Why Tassat beats Circle
- Tassat creates bank stablecoins specifically for payments. USDCs are backed by a combination of cash and securities, whereas Tassat’s are backed 100% by cash; due to recent regulatory changes, Circle may have to change the way it backs USDC.
Benefits
- USDC Circulation
- Funds Tokenized, Transacted, Redeemed
- Deposits
- Users & API Users
Products
Circle Account
The Circle Account is a full stack solution that replaces a fractured system for business banking. Securely custody funds, send and receive payments globally and streamline treasury operations all connected through USD Coin (USDC) and integrated with a suite of APIs.
TassatPay™
TassatPay is the first blockchain-based payments platform vetted by major banking regulators, has been up and running for three years and has processed billions of dollars in transactions. It works by tokenizing the FDIC-insured U.S. dollar deposits at a bank. It also provides the infrastructure for executing smart contracts, processing transactions in multiple digital currencies and enhancing data capabilities. Banks are turning to Tassat to retain and attract new commercial customers, increase deposits and establish themselves in the digital asset economy to stay ahead of competition.
Customers
Circle works with 2 known companies.
Tassat works with 2 known companies.
Known Partners
FTX, CMS
Signature Bank (NASDAQ: SBNY), Customers Bank (NYSE: CUBI)
Why They Buy
Circle will take care of the processing, storage, and USD to USDC conversion. Users will then receive their funds in their Crypto Wallet within three business days.
B2B payments have lagged behind consumer payments in innovation, presenting a huge opportunity for digital transformation. We are eager to partner with TassatPay Network as the cornerstone of our B2B payments strategy...We expect our clients in key verticals will invite their important trading partners to join TassatPay, bringing us new clients and low cost deposits.
News & Analysis
Circle has been mentioned in our research 15 times.
Tassat has not been mentioned in our research.
Research Articles
Expert Collections
Unicorns- Billion Dollar Startups
1,221 items
Blockchain
10,496 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Blockchain
6,463 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Fintech
8,086 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Market
ESP Rankings position vendors based on their resources and execution.
Circle is a Leader in Crypto cross-border payments
The crypto cross-border payments market offers a borderless solution for individuals and businesses to send and receive payments internationally using cryptocurrencies. Crypto cross-border payment solutions leverage blockchain technology to ensure transparency, security, and immutability of transactions. These transactions aim to be faster, more cost-effective, and have the ability to operate outside traditional banking systems — enabling greater financial inclusion in the global economy.
Tassat is a Leader in Blockchain interbank payments
The blockchain interbank payments market refers to the use of blockchain technology to facilitate interbank payments between financial institutions. Blockchain-based interbank payments offer increased speed, security, and efficiency compared to traditional interbank payment methods. The market is still in its early stages, and is driven by the growing demand for real-time payment and settlement solutions between banks.