Who is the governing body behind USDC?

3 answers

• Dec 29, 2021 · 3 years ago
  USDC is governed by the Centre Consortium, which is a collaboration between Circle and Coinbase. The Centre Consortium is responsible for the development, maintenance, and governance of USDC. They ensure that USDC remains fully backed by US dollars and adhere to strict regulatory compliance standards. The Centre Consortium plays a crucial role in maintaining the stability and trustworthiness of USDC in the cryptocurrency market.
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• Dec 29, 2021 · 3 years ago
  The governing body behind USDC is the Centre Consortium. This consortium consists of Circle and Coinbase, two well-known companies in the cryptocurrency industry. Together, they oversee the operations and development of USDC, ensuring that it remains a reliable and widely accepted stablecoin. The Centre Consortium's involvement brings credibility and trust to USDC, making it a popular choice among traders and investors.
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• Dec 29, 2021 · 3 years ago
  USDC is governed by the Centre Consortium, a collaboration between Circle and Coinbase. The Centre Consortium acts as an independent third party that ensures the transparency and stability of USDC. They regularly conduct audits to verify that each USDC token is fully backed by US dollars held in reserve. This governance structure provides reassurance to users that USDC is a trustworthy and secure stablecoin.
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