Circle vs Liminal Custody
Circle and Liminal Custody compete in the same bracket: coverage, certifications and integration time-to-market decide it. For a serious B2B comparison request custom pricing from both: public terms are only the starting point.
| Circle | Liminal Custody | |
|---|---|---|
| Tier | S | S |
| Rating | ★ 4.7 | ★ 4.7 |
| Service type | Stablecoin infrastructure | Stablecoin infrastructure |
| Pricing model | Custom quote | Not disclosed |
| Stablecoins | USDC, EURC | USDC, USDT |
| Custody model | qualified-custody | MPC |
| Customer type | Fintech, Enterprise, Developers, Platforms | — |
| Processed volume | $21.5T | — |
| Fund custody | Custodial (platform holds funds) | Self-custody (funds in your control) |
| Supported countries | US, EEA, UK, APAC, LATAM | EEA, UK, US, APAC · 12+ countries |
| Regulator | NYDFS (US), ACPR (Francia, MiCA) | FSRA (ADGM), VARA (Dubai) |
| Segment | B2B | B2B |
| Per-card fee | — | $0.00 virtual · $0.00 physical |
| KYC | — | Full |
| OAM Italy registration | — | No |
| Past incidents | — | WazirX $230M hack (July 2024) — Liminal was the custodian provider for the compromised multisig wallet. Attackers exploited UI/data mismatch to upgrade Safe contract. |
| Regions | US, EU/EEA, UK, APAC, LATAM | EU/EEA, UK, US, APAC |
| Licences & safety | NYDFS (New York), US state Money Transmitter Licenses, MiCA EMI (Circle, ACPR France) | FSP (ADGM), TCSP (Hong Kong), in-principle VARA (Dubai) |
Frequently asked questions
Circle vs Liminal Custody: which is better?
Circle and Liminal Custody compete in the same bracket: coverage, certifications and integration time-to-market decide it. For a serious B2B comparison request custom pricing from both: public terms are only the starting point.
Is Circle custodial or self-custody?
Circle is custodial: funds are held by the platform, while Liminal Custody is self-custody.