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Who issued usdc?

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2024-04-29 11:49:09852browse

USDC is a stablecoin jointly issued by Circle and Coinbase and is pegged to the US dollar. Circle is a financial technology company that aims to build an open and efficient global financial system. Coinbase is the leading digital asset exchange in the United States.

Who issued usdc?

Issuer of USDC

USDC is a U.S. dollar-pegged stablecoin jointly issued by Circle and Coinbase.

Circle

  • Circle is a fintech company founded in 2013 by Jeremy Allaire and Sean Neville.
  • Circle’s mission is to build a more open, inclusive and efficient global financial system.
  • Circle provides a variety of financial services, including USDC, digital asset exchanges, and payment solutions.

Coinbase

  • Coinbase is the leading digital asset exchange in the United States.
  • Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam.
  • Coinbase provides a platform for individuals and institutions to buy, sell, trade and store cryptocurrency.

Circle and Coinbase have joined forces to create the Center Consortium, a non-profit organization designed to promote the development and adoption of USDC. The Center Consortium manages the USDC reserve and ensures its peg to the U.S. dollar.

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