Who is responsible for issuing USDC, the third largest stablecoin?

3 answers

• Feb 18, 2022 · 3 years ago
  USDC is issued by a consortium called Centre, which is a collaboration between Circle and Coinbase. Centre is responsible for the governance and issuance of USDC, ensuring that it remains fully backed by reserves and compliant with regulations. Circle and Coinbase are both well-established companies in the cryptocurrency industry, and their partnership in Centre brings credibility and trust to USDC.
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• Feb 18, 2022 · 3 years ago
  The issuance of USDC is controlled by Centre, a consortium formed by Circle and Coinbase. This collaboration ensures that USDC is backed by reserves and operates in a transparent and compliant manner. Centre's governance model allows for the continuous monitoring and auditing of USDC, providing users with confidence in the stability and reliability of this stablecoin.
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• Feb 18, 2022 · 3 years ago
  USDC, the third largest stablecoin, is issued by Centre, a consortium formed by Circle and Coinbase. Centre acts as an independent entity responsible for the issuance and governance of USDC. It ensures that USDC maintains a 1:1 ratio with the US dollar, backed by a combination of cash and short-term U.S. Treasury bonds. Centre's commitment to transparency and compliance has made USDC a trusted stablecoin in the cryptocurrency market.
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