Circle Internet Financial and Coinbase have announced significant advancements for the USDC stablecoin, including its launch on six new blockchains by October 2024, which will bring its multi-chain access to 15. This expansion underscores the growing role of stablecoins in the financial system, providing users with a reliable and programmable exchange of value. As part of a strategic realignment, Circle will assume full control over USDC's issuance and governance, dissolving the separate Centre Consortium. This change aims to streamline operations and enhance accountability, with Circle maintaining compliance with regulations and holding all smart contract keys. Additionally, Coinbase is increasing its investment in Circle, reflecting a deeper strategic alignment, and both companies will continue to share revenue from USDC reserves interest income. This move is part of a broader effort to advance the utility of stablecoins and foster a more open and inclusive global financial system.