USDC Issuer Centre Announces Team to Create a ‘Global Network of Stablecoins’

Posted by on August 30, 2021 10:47 am
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“To meet its global expansion plans, Centre is looking to partner with financial services and payments processing companies and extend its membership to them. Puth declined to share specific details but said Centre will be able to take on new members later this year. Centre is focused on partnerships in markets such as Africa and Asia, said Puth, where stablecoins can be used to transfer money with ‘very little friction and at very little cost.'” [READ MORE]

  • What Is a Stablecoin?

    Stablecoins are digital currencies where the coin price is pegged to a cryptocurrency, fiat money, commodity. Because stablecoins are tied to an underlying asset, they are not subjected to the often volatile fluctuations of the crypto market, thus reducing financial risks to their holders.

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