Who has the authority to issue USDC?

3 answers

• Queen BebeApr 01, 2023 · 2 years ago
  USDC, or USD Coin, is a stablecoin that is issued by Circle and Coinbase, two well-known cryptocurrency companies. They have the authority to issue USDC because they follow a strict set of guidelines and regulations set by the Centre Consortium, which is a group of companies that governs the USDC stablecoin. This ensures that USDC is backed by real-world assets and maintains its value as a stable digital currency.
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• Kornum PetersSep 27, 2023 · 2 years ago
  The authority to issue USDC lies with Circle and Coinbase, as they are the founding members of the Centre Consortium. This consortium was created to provide oversight and governance for the USDC stablecoin. By issuing USDC, Circle and Coinbase help facilitate the use of a stable digital currency that can be easily transferred and used in various cryptocurrency exchanges and platforms.
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• Pallavi RanaDec 28, 2023 · 2 years ago
  USDC is issued by Circle and Coinbase, two leading cryptocurrency companies. They have the authority to issue USDC because they have established themselves as trusted entities in the cryptocurrency industry. By issuing USDC, they provide users with a stable and reliable digital currency that can be used for various purposes, such as trading, remittances, and decentralized finance (DeFi) applications.
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