Company
Date Published
Author
Team Circle
Word count
371
Language
English
Hacker News points
None

Summary

USDC, a stablecoin launched in September by the CENTRE Consortium, co-founded by Circle and Coinbase, has achieved significant growth, surpassing a $300 million market cap and gaining support from nearly 100 exchanges, protocols, platforms, applications, wallets, and service providers. This growth cements USDC as the second-largest stablecoin by market cap and a top 25 crypto asset, with its listing on numerous global exchanges, including as a quote currency for actively traded assets. Recent additions to the USDC ecosystem include wallet providers like Coinomi, Citowise, and Exodus, and trading platforms such as Kaiserex and Raisex, as well as Zeppelin, which has collaborated with CENTRE on security audits. The CENTRE Consortium aims to establish a fiat standard on the internet while providing a governance framework for the global adoption of asset-backed stablecoins. Users can learn more about USDC and its operations, including monthly reserve reports by Grant Thornton LLP, through Circle and Coinbase platforms. Circle continues to innovate in financial technology to enhance the accessibility and efficiency of money movement globally.