Circle is searching for a buyer for SeedInvest, its crowdfunding unit as the Boston-based crypto firm focuses its efforts on stablecoins. The post Circle is seeking a buyer for SeedInvest as it doubles down on its stablecoin ambitions 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.
Fed chairman Jerome Powell said Tuesday that "we are working hard" on investigating central bank digital currencies, or CBDCs. The post Fed chair Powell says Facebook’s Libra ‘really lit a fire’ on the question of a digital dollar appeared first on The Block.
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