The crypto startup Circle said on Wednesday it had issued a new 1:1 dollar-collateralized virtual coin, becoming the fourth company to bring out a stablecoin this month. This answers the mystery of the new coin reported about by Cryptovest on September 25. The project, dubbed USD Coin (USDC), is a partnership between Circle and the crypto consortium CENTRE.
USDC is an Ethereum-based ERC20 token and its deposits and withdrawals are already available on the Poloniex cryptocurrency exchange, which Circle acquired earlier this year. Poloniex will add USDC trading in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) soon. Huobi, OKEx, DigiFinex, CoinEx, KuCoin, Coinplug, and XDAEX will also support the new stablecoin, but Circle did not di...
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