Circle Introduces Stablecoin Backed By U.S. Dollar


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Regulated stablecoins continue their disruptive journey into mass adoption as Circle announces application of tokenized fiat assets. The U.S. dollar-backed stablecoin USD//Coin (USDC) is the product of Circle’s partnership with CENTRE, the open source distribution network which will facilitate deposits from U.S. bank accounts. With an open-internet concept in mind, USDC was designed for universal…