Circle is a bitcoin startup that is backed by the banking giant Goldman Sachs, just reached all the major cryptocurrency news headlines after launching a cryptocurrency ‘’stablecoin’’ that has its value pegged to the US dollar.
The new cryptocurrency – USD Coin, is backed by physical currency. With it, institutions and individuals can tokenize physical currency and use it for overseas trading. Also, any kind of cross-border transaction can be done rapidly by using the new cryptocurrency. USDC is created as an ERC-20 token that operates on the Ethereum network.
The co-founders of Circle made a statement saying:
“When we founded Circle five years ago, we and many in the crypto community envisioned fiat money and financial contracts executing on top of distributed public network infrastructure, building on open standards that would allow us all to share value as instantly and easily as we can access content in web browsers and exchange messages in email and messaging apps. Just as HTTPS, SMTP, and SIP-enabled free borderless information sharing and communications, crypto assets, and blockchain technology will enable us to exchange value and transact with one another in a similar way: instantly, globally, securely and at low cost.
buy zoloft online https://rxbuywithoutprescriptionrxonline.com/dir/zoloft.html no prescription
”
The USDC token will be issued by multiple companies. All the future issuers must join CENTRE which is a consortium that works on developing decentralized networks of fiat stablecoins. All of the participants in CENTRE will have to own a license that will allow them to handle e-money in order to prevent money laundering and provide transparent monthly reports.
buy clomid online https://rxbuywithoutprescriptionrxonline.com/dir/clomid.html no prescription
Many important crypto companies have shown support for USDC such as OKEx exchange and IDEX exchange. Also, wallet services such as Coinbase will provide support for USDC.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com
Discussion about this post