Circle delays its DeFi API product, citing need for regulatory guidance

Quick Take

  • Stablecoin issuer and crypto payments company Circle has delayed its DeFi API product. 
  • The product had planned to allow companies easier access to DeFi lending protocols such as Compound on the Ethereum network.

Crypto payments infrastructure provider and stablecoin issuer Circle has delayed its DeFi application programming interface (API) product, citing the need for further regulatory guidance on its rollout.

APIs allow businesses to more si