CENTRE Consortium

Circle Reveals Assets Backing USDC Stablecoin

Crypto's No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here's what comprises the rest.

Business  ·  20 July 2021

USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO

Centre, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its new CEO.

Business  ·  1 December 2020

‘Gasless’ Technical Update Brings USDC One Step Closer to Venmo

Users do not have to pre-fund their USDC-bearing wallet with ether before every transaction, according to Centre.

Tech  ·  27 August 2020

Former US Treasury Secretary Laurence Summers Expects ‘a Ton of Innovation’ Around Stablecoins

Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example of their usefulness.

Markets  ·  3 July 2020

Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale

Circle is rolling out business accounts denominated in the stablecoin USDC and looking to sell crowdfunding platform SeedInvest as part of an ongoing pivot.

People  ·  10 March 2020

Circle’s Dollar-Tied Stablecoin Fully Backed, Auditor’s ‘Attestation’ Says

Circle Internet Financial had $127.5 million at the end of last month, enough to back the total number of USDC stablecoins in circulation.

Markets  ·  21 November 2018