Coinbase and Circle Shift Reserves for the World’s Second-Largest Stablecoin – USDC
August 24 2021 - 3:15PM
The Daily Hodl
A big change is underway for the world’s second-largest
stablecoin. USD Coin (USDC), launched by Coinbase and Circle, will
not be backed by US dollars only. Coinbase president and chief
operating officer Emilie Choi says all of the company’s USDC
reserves will be backed by a combination of cash and short-duration
U.S. Treasury bonds, starting […]
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Coinbase and Circle Shift Reserves for the World’s Second-Largest
Stablecoin – USDC appeared first on The Daily Hodl.
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for the World’s Second-Largest Stablecoin – USDC
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Coinbase and Circle Shift Reserves for the World’s
Second-Largest Stablecoin – USDC appeared first on
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