This expansion will add to its offerings in 46 states of the United States, something that required “quite a bit of work,” according to CEO Zac Prince.
Coinbase – one of the largest digital currency exchanges in the U.S. – is nixing its index fund designed for accredited investors and shifting its focus to a new retail product.
If approved by regulators, the move could allow Circle to help match investors with fledgling companies trying to raise money via initial coin offerings.
Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins.
The new Blockchain Association values "the chance to harness the robust debate on vital issues, allowing us to speak with a unified voice and engage constructively with policymakers moving forward.”
The financial services giant has not scratched its plans to open a desk for trading cryptocurrencies, contrary to a Business Insider report on September 5, 2018.
The Circle USD Coin (USDC) will be backed one-to-one by the U.S. dollar with the fiat to be stored in an auditable bank account and redeemable by verified buyers.
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