Mon Nov 21, 2022 5:24 pm
USD coin is a stablecoin, first announced in May 2018. It is developed by the Circle Consortium - a partnership between the company Circle and the exchange Coinbase. Circle and Coinbase are responsible for issuing the USD coin, and the Centre develops the technology behind it and its framework of it. The circle is a company founded in 2013 by Jeremy Allaire and Sean Neville, and is an official Money Transmitter – it must comply with federal law and regulations. Now, it has over 60 partners and is continuing to expand.
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