Coinbase to invest in Circle, shut down jointly managed Centre

Coinbase Global said on Monday it would acquire an equity stake in cryptocurrency operator Circle Internet Financial and shut down their jointly managed Centre Consortium, the operator of the stablecoin, USD Coin (USDC). With growing regulatory clarity for stablecoins in the United States and around the world, the requirement of a separate governance body like Centre is no longer needed, Coinbase said in a…

https://worldnewslivetv.com/business/coinbase-to-invest-in-circle-shut-down-jointly-managed-centre/