Who is responsible for issuing USDC, the third largest stablecoin?
livemehereDec 26, 2021 · 3 years ago3 answers
Can you tell me who is responsible for issuing USDC, which is currently the third largest stablecoin in the market? I'm curious to know who controls the issuance of this popular cryptocurrency.
3 answers
- Dec 26, 2021 · 3 years agoUSDC is issued by a consortium called Centre, which is a collaboration between Circle and Coinbase. Centre is responsible for the governance and issuance of USDC, ensuring that it remains fully backed by reserves and compliant with regulations. Circle and Coinbase are both well-established companies in the cryptocurrency industry, and their partnership in Centre brings credibility and trust to USDC.
- Dec 26, 2021 · 3 years agoThe issuance of USDC is controlled by Centre, a consortium formed by Circle and Coinbase. This collaboration ensures that USDC is backed by reserves and operates in a transparent and compliant manner. Centre's governance model allows for the continuous monitoring and auditing of USDC, providing users with confidence in the stability and reliability of this stablecoin.
- Dec 26, 2021 · 3 years agoUSDC, the third largest stablecoin, is issued by Centre, a consortium formed by Circle and Coinbase. Centre acts as an independent entity responsible for the issuance and governance of USDC. It ensures that USDC maintains a 1:1 ratio with the US dollar, backed by a combination of cash and short-term U.S. Treasury bonds. Centre's commitment to transparency and compliance has made USDC a trusted stablecoin in the cryptocurrency market.
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