Circle Internet Financial has announced a partnership with Bitmain that includes a $110 million Series E equity investment to support the creation of USD Coin (USDC), a fiat-backed stablecoin designed to provide a price-stable medium of exchange on the blockchain. USDC aims to facilitate global financial interoperability by offering a full-reserve, US dollar-backed stablecoin within the regulated framework of US money transmission laws, addressing issues of transparency and regulation that have plagued existing fiat-backed solutions. Governed by the CENTRE open-source framework, USDC is built to operate with detailed financial transparency and established banking relationships, and it will be available as ERC-20 tokens. Bitmain's involvement underscores its vision of a new global economy powered by cryptographic assets and open-source blockchain technology, as it joins other strategic investors in supporting Circle's mission to create an inclusive, efficient, and open financial model. The investment and partnership aim to introduce multiple fiat-backed stablecoins across various regions, enhance Circle's existing product suite, and contribute to a more interconnected global economy, with the CENTRE consortium allowing other financial institutions to participate in this ecosystem.