Is Crypto-Finance the New Banking? Coinbase and Circle to Blacklist Suspicious IP Addresses for USDC20.28

The rapid launch of several stablecoins offerings in 2018 seems comparable to the ICO boom in 2017, with most price-stable tokens built by premier crypto companies or invested in by venture capital funds. However, such developments look largely centralized – which defeats the significance of cryptocurrencies – and forms an area of concern.

Earlier this week, Coinbase announced the addition of USDC – a stablecoin developed by crypto-finance firm Circle – to its trading platform. The stablecoin is pegged on a one-to-one basis with the USD and is aimed at allowing institutional investors and active crypto-traders to exploit arbitrage and high-frequency trading opportunities.

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