According to TechFlow, Circle announced the launch of Circle Research and Perimeter Protocol. Circle Research focuses on cryptography, cryptocurrency standards, zero-knowledge proof (ZKP) technology, and smart contract development, developing insights and reference materials at the forefront of the industry. Perimeter Protocol is a set of smart contracts built on open standards that enable seamless exchange of capital on a secure, open, and public network.

Perimeter Protocol allows developers and builders access to an audited, open-source protocol that they can freely use to build unique credit applications using USDC.