USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium. Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC’s current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges. Note: Coinbase only supports USDC running on Ethereum (ERC-20).
Morgan Stanley has made its first blockchain investment. The megabank has co-led Securitize's $48 million Series B fundraise. The post Morgan Stanley co-leads $48 million Series B for blockchain firm Securitize appeared first on The Block.
The new partnership will allow users to make instant international payments and in-app transactions using a linked credit or debit card. The post Circle partners with maps platform Maps.me to enable in-app USDC transactions appeared first on The Block.
The cash came from a number of high-profile backers, including Digital Currency Group and FTX.
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