CENTRE Consortium


Videos

Coinbase Acquires Stake in Stablecoin Operator Circle

Cryptocurrency exchange Coinbase (COIN) is getting a minority stake in Circle Internet Financial and the stablecoin issuer is bringing issuance and governance of USDC completely in-house as the companies dissolve their Centre Consortium partnership. "The Hash" panel weighs in on Coinbase's recent moves in the crypto industry amid recent U.S. regulatory pressure.

Recent Videos

Policy

Centre Hires 2 Executives to Oversee Regulation, Operations

Former regulator Linda Jeng will join as Centre’s chief policy and regulatory officer, while former Diem executive Danielle Harold will be the consortium’s chief operations officer.

Circle CEO Jeremy Allaire. (CoinDesk screenshot)

Finance

Circle Reveals Assets Backing USDC Stablecoin

Crypto's No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here's what comprises the rest.

(HFA_Illustrations/Shutterstock)

Videos

Stablecoins to Watch: USDC Could Expand to 10 More Blockchains

USD coin (USDC), a stablecoin currently on four blockchain networks with a market cap of $25 billion, could soon be on as many as 10 more networks, including Tezos. USDC is an Ethereum-based stablecoin managed by the CENTRE consortium, started by fintech firm Circle and crypto exchange Coinbase.

CoinDesk placeholder image

Finance

USDC Stablecoin Could Soon Expand to 10 More Blockchains

The stablecoin with a market cap of $25 billion is currently on four networks.

(HFA_Illustrations/Shutterstock)

Finance

USDC Stablecoin Issuer Centre Hires Wall Street Veteran David Puth as CEO

Centre, the Coinbase- and Circle-founded project that oversees the USDC stablecoin, has hired Wall Street veteran David Puth as its new CEO.

(HFA_Illustrations/Shutterstock)

Tech

'Gasless' Technical Update Brings USDC One Step Closer to Venmo

Users do not have to pre-fund their USDC-bearing wallet with ether before every transaction, according to Centre.

Jeremy Allaire, CEO of Circle

Markets

Former US Treasury Secretary Laurence Summers Expects 'a Ton of Innovation' Around Stablecoins

Former U.S. Treasury Secretary Lawrence Summers praised stablecoins last week, saying he sees use cases in cross-border transactions as one example of their usefulness.

Former U.S. Treasury Secretary Lawrence Summers (The Money Movement/YouTube)

Markets

Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale

Circle is rolling out business accounts denominated in the stablecoin USDC and looking to sell crowdfunding platform SeedInvest as part of an ongoing pivot.

Circle Jeremy Allaire

Markets

Circle's Dollar-Tied Stablecoin Fully Backed, Auditor's 'Attestation' Says

Circle Internet Financial had $127.5 million at the end of last month, enough to back the total number of USDC stablecoins in circulation.

dollars

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