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March 11, 2021

Circle’s hiring increases as cryptocurrency payment ecosystem enters new period, finds GlobalData

Circle Internet Financial, a payments technology firm, has increased job postings from 51 in January to 481 in February 2021, according to GlobalData, a leading data and analytics company.

Given the increasing circulation of Circle’s USD Coin (USDC), along with wide usage of public blockchains for payments, commerce and financial applications, there has been an opportunity for global expansion.

Circle is inking contracts in the fintech space and intends to expand operations in APAC, EMEA and SCA in partnership with international recruitment consultancies.

With the support of firms such as Goldman Sachs, Pantera Capital, IDG Capita, Accel, and Baidu, investing more than $250m in the last few years, the firm is ushering in a new era of financial services and online commerce applications.

The firm looks to grow its headcount by 250% in 2021 across existing and new markets.

GlobalData Business Fundamentals analyst Ajay Thalluri said: “Circle’s hiring spree comes at a time when digital payments and internet commerce are experiencing a significant shift from conventional payments to blockchain-enabled transactions. Circle’s hiring activity coincides with companies such as Tesla, Visa, and Mastercard announcing a transition to new payments infrastructure. Circle is partnering with Visa to integrate mainstream payments with USDC and blockchain infrastructure.”

In February 2021, Circle’s jobs are around scaling up alternative payments network using USDC.

Among the important postings include multiple vice president, talent acquisition roles and talent partners.

There are 30 assistant general counsel jobs posted in areas such as fintech transactions, securities and banking, and commercial transactions for signing new contracts.

Furthermore, there are jobs around solution design, cybersecurity and vendor risk management.

Thalluri added: “Circle’s hiring activity is directly correlated to demand for its API services in payments and treasury operations, along with a fast-growing ecosystem of businesses.”

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