Circle, the Boston-based cryptocurrency firm, announced Thursday that it is shutting down one of its Circle Pay app as the firm shifts its attention to building out other businesses. The post Circle set to shut down its payments app, looks to new products appeared first on The Block.
USD Coin price
About USD Coin
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. USDC is an Ethereum token and is the only fiat-backed stablecoin currently supported by Coinbase.
Coinbase and Circle will no longer be the only platforms to issue and redeem USDC, in new bid to boost stablecoin adoption among institutions
Circle and Coinbase are looking to open up the network behind its stablecoin, a move that could possibly give a lift to the adoption of the dollar-pegged digital currency. The post Coinbase and Circle will no longer be the only platforms to issue and redeem USDC, in new bid to boost stablecoin adoption among institutions appeared first on The Block.
It must not see DAI as a competitor to Coinbase's stablecoin USDC.