Circle’s Head Of Product Divya Agarwalla After Working On It Less Than A Year
According to a recent report released by Cheddar, Circle’s head of product, Divya Agarwalla, left the firm. The executive joined the firm back in January 2018 before launching the stablecoin USD Coin (USDC).
Circle’s Head Of Product Leaves The Company
Agarwalla was leading the development of four different products released by Circle: Circle Pay, Circle Invest, Circle Trade, and Poloniex. Her duties included the development of the USDC stablecoin. Most of the things she had to do were related to product management, user experience design, product analytics and marketing teams.
A spokesperson of the firm confirmed that she left the firm back in November. Nonetheless, she continues working as a consultant at Circle. As Cheddar explains, the spokesperson said that there are no plans to replace her or find a new person for this task.
Circle is one of the best-funded virtual currency companies operating in the market. The firm raised $110 million in Series E funding with a company valuation of $3 billion. In the future, the company seems interested in raising another $250 million.
Circle has launched the digital asset USDC in order to provide solutions to a large range of users that did not feel comfortable using the Tether (USDT) stablecoin. During the last years, there have been several controversies related to Tether and how it operated in the market.
Now, USDC is the 25th largest digital asset in the market with a valuation of $244 million. Companies such as Coinbase have already added support to this digital asset.