Finance News
By Steven Anderson
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USDC Regulatory Control
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USD Coin (USDC) is pegged to the United States Dollar. The USDC is backed by dollar held in reserve.
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USDC has already expanded to several blockchains like Ethereum, Solana, Algorand, and side chains like Matic, xDai and more.
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USDC 2.0 made possible gasless sends providing for improved security and administration. It is 100% backward compatible.
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Stellar Lumens is the third official blockchain supporting the USDC digital dollar stable coin. Very recently, Algorand was also announced as the official Chain for USDC.
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PayTrie, Travala.com, Biki, Mercado Bitcoin, BiTTrex, and Gilded are a few companies supporting USDC.
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The latest attestation report from Grant Thornton LLP: USD Coin ($USDC) issued remain fully backed by US dollars held in reserve. Circulating supply stands at 3,002,021,340 USDC.
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David Puth, CEO of Centre made a statement in response to the US Treasury Department’s OCC guidance for US Banks on the use of public blockchains and stablecoins for settlement…
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The recent announcement is indicative of the critical step to adopting extraordinary technologies which enable the use of public blockchains.
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Stable coins are able to help with a few inefficiencies as they are able to enable access for all participants at the same time making it possible to exchange value between…
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Public Blockchains and stable coins are now adopted for use by major US Financial Institutions and this is a major development in financial innovation.
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The OCC Letter points to how it is important to have more numbers of regulated financial institutions to participate in the innovation facilitated by the public blockchains and…
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