Perimeter Protocol is the first development of Circle Research, the company's new open-source development division.
Stablecoin issuer Circle Internet Financial on Friday rolled out a smart contract codebase called Perimeter Protocol that aims to serve as an open-source foundation to build tokenized credit markets.
The company said in a blog post that Perimeter can support a variety of credit use cases, including invoice factoring, payroll advances, instant settlement for merchants and credit trading for institutional investors. Its white paper is publicly available and developers can freely copy the codebase and build products on top of it.
The protocol also marks the first release of Circle Research, the company’s new division dedicated to open-source development. The release came as bringing traditional financial instruments such as credit to blockchain-based applications – often referred to as
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