**Circle Launches Compliance Engine to Boost USDC Adoption**
Circle Internet Financial, the issuer of USDC, has unveiled a new suite of blockchain-based compliance products called Compliance Engine. Announced by CEO Jeremy Allaire on Sept. 24, this platform aims to help companies build onchain while adhering to strict compliance standards.
**Key Features:**
- **Transaction Screening & Monitoring:** Tools to identify suspicious transactions.
- **KYC Compliance:** Services to meet Know Your Customer requirements, including the U.S. Travel Rule.
**Integration:**
- Initially available on Avalanche, Ethereum, Polygon PoS, and Solana.
**Market Context:**
- USDC's market cap is around $36 billion, trailing behind Tether's USDT at over $119 billion.
- PayPal's PYUSD, launched in 2023, has reached a $1 billion market cap.
**Future Prospects:**
- Circle aims to accelerate USDC adoption and capitalize on the growing market for tokenized real-world assets (RWAs), which could become a multi-trillion dollar market.
Circle's new Compliance Engine is a strategic move to enhance USDC's competitive edge and support the broader adoption of blockchain technology in financial applications.