Circle Introduces Stablecoin Backed By U.S. Dollar57.84

Regulated stablecoins continue their disruptive journey into mass adoption as Circle announces application of tokenized fiat assets.

The U.S. dollar-backed stablecoin USD//Coin (USDC) is the product of Circle’s partnership with CENTRE, the open source distribution network which will facilitate deposits from U.S. bank accounts. With an open-internet concept in mind, USDC was designed for universal exchange and is available for immediate use. Other applications are available to support USDC tokens by ERC20 standards.

Original source
https://cryptoslate.com/circle-introduces-stablecoin-backed-by-u-s-dollar/

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