Circle’s Stablecoin Now Available on Coinbase

  • Alex Dovbnya
    📰 News

    Coinbase joins the “CENTRE Consortium” together with “Bitcoin unicorn” Circle in order to form a standardized set of rules for cryptocurrencies backed by fiat ones


Circle’s Stablecoin Now Available on Coinbase

Coinbase, one of the biggest fiat-to-crypto exchanges in the world, joins the “CENTRE Consortium” together with “Bitcoin unicorn” Circle in order to form a standardized set of rules for cryptocurrencies backed by fiat currencies. That effort is supposed to accelerate the adoption of so-called stablecoins.

Circle’s USD Coin (USDC), which was launched back in September, reportedly becomes the first stablecoin listed on the San Francisco-based exchange. Coinbase claims that the coin is a stepping stone to establishing a more open financial system. It provides more flexibility than the US dollar in terms of programming and conducting day-to-day transactions.

As U.Today reported earlier, Circle CEO Jeremy Allaire, who is a huge Bitcoin permabull, earlier claimed that cryptocurrencies will make the Internet look like “a cute experiment.”

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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