Coinbase Takes Stake in Stablecoin Issuer Circle
- The companies are closing Centre Consortium started in 2018
- The companies cite clearer regulations as reason for shift
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Coinbase Global Inc., the biggest US crypto exchange, has taken a stake in stablecoin issuer Circle citing “growing regulatory clarity for stablecoins in the US” and elsewhere.
The companies were co-founders of the Centre Consortium that governs the USD Coin stablecoin. Centre will be dissolved. Terms of the agreement weren’t disclosed.