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Top related persons:
Coinbase - 2 USDC - 1 Dado Ruvic - 1 Pratyush Thakur - 1 Maju Samuel - 1
Top related locs:
Paris France Silicon United States Bengaluru
Top related orgs:
Centre Consortium - 1 Silicon Valley Bank - 1 REUTERS - 1 Consortium - 1 Thomson - 1

Search resuls for: "Centre Consortium"


2 mentions found


☆ Coinbase takes stake in stablecoin firm Circle, shuts down joint venture as it sees 'regulatory clarity'
  + stars: | 2023-08-22 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
In this photo illustration, the Coinbase cryptocurrency exchange website is seen on the screen of a computer on October 05, 2018 in Paris, France. Cryptocurrency exchange Coinbase is taking a stake in Circle, the issuer of the USDC stablecoin, signifying a closer relationship between the two crypto heavyweights. "Reflecting Coinbase's belief in the fundamental importance of stablecoins to the broader crypto economy, Coinbase is taking an equity stake in Circle," Coinbase said in a blogpost Monday. "This means that Coinbase and Circle will now have even greater strategic and economic alignment on the future of the financial system. Coinbase is committed to the long term success of the stablecoin ecosystem and USDC, specifically."
Persons: Coinbase, USDC Organizations: Centre Consortium, Silicon Valley Bank Locations: Paris, France, Silicon
☆ Coinbase to invest in Circle, shut down jointly managed Centre
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +1 min
A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 21 (Reuters) - Coinbase Global (COIN.O) 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). Stablecoins are crypto tokens whose value is pegged to a stable asset to protect from wild volatility. In the case of the USDC, the value was pegged to the dollar. "We will now equally share in interest income generated from the broader distribution and usage of USDC," Coinbase added.
Persons: Dado Ruvic, Coinbase, Pratyush Thakur, Maju Samuel Organizations: REUTERS, Consortium, Thomson Locations: United States, Bengaluru
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