Circle's yield product, Circle Yield, will no longer accept new deposits after repaying customers.

According to a report by Blockworks, a spokesperson for Circle stated that its yield product, Circle Yield, is no longer accepting new deposits after repaying customers. The representative for Circle mentioned that all outstanding customer loans have been repaid, returning all principal and interest to all Circle Yield customers.

According to Blockworks' report, a spokesperson for Circle stated that its yield product, Circle Yield, is no longer accepting new loans after repaying customers. A representative for Circle mentioned that all outstanding customer loans have been repaid, returning the entire principal and interest to all Circle Yield customers.

As per a tweet previously released by the company, as of November 16th, the total outstanding loans for Circle Yield customers amounted to $2.6 million.

1/ Circle Yield is an overcollateralized fixed-term yield product. Genesis is a counterparty to Circle in this product. Total Circle Yield customer loans outstanding are $2.6 million as of 11/16/22 and are protected by robust collateral agreements.

— Circle (@circle) November 16, 2022

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