Major U.S. cryptocurrency exchange Coinbase has launched the USD Coin stablecoin (USDC), making it the first stablecoin for trade on the platform, Cointelegraph learned at the Money 20/20 conference Oct. 23. The underlying technology behind USDC was developed collaboratively between Coinbase and blockchain-powered payments technology company Circle.
Article: https://cointelegraph.com/news/coinbase-and-circle-launch-usdc-stablecoin-with-purported-full-backing-in-us-dollars