Payments technology company, Circle Internet Financial, increased job postings from 51 in January to 481 in February 2021. The growing circulation of Circle’s USD Coin (USDC), along with wide usage of public blockchains for payments, commerce and financial applications, presents an opportunity for global expansion, finds GlobalData, a leading data and analytics company.

Circle is signing contracts in the fintech space and plans to expand operations in APAC, EMEA and SCA in partnership with international recruitment consultancies. With the backing of firms such as Goldman Sachs, Pantera Capital, IDG Capita, Accel, and Baidu, investing over US$250m in the last few years, the company is ushering in a new generation of financial services and internet commerce applications. The company looks to increase its headcount by 250% in 2021 across existing and new markets.

Ajay Thalluri, Business Fundamentals Analyst at GlobalData, says: “Circle’s hiring spree comes at a time when digital payments and internet commerce are experiencing a significant shift from conventional payments to blockchain-enabled transactions. Circle’s hiring activity coincides with companies such as Tesla, Visa, and Mastercard announcing a transition to new payments infrastructure. Circle is partnering with Visa to integrate mainstream payments with USDC and blockchain infrastructure.”

Circle’s jobs in February 2021 are around scaling up alternative payments network using USDC. Key postings include multiple Vice President, Talent Acquisition roles and talent partners. Interestingly, there are 30 Assistant General Counsel jobs posted in areas such as fintech transactions, securities and banking, and commercial transactions for signing new contracts. Additionally, there are jobs around solution design, cybersecurity and vendor risk management.

Thalluri adds: “Circle’s hiring activity is directly correlated to demand for its API services in payments and treasury operations, along with a fast-growing ecosystem of businesses.”