Coinbase Invests in Circle While Maintaining a Commercial Relation

Coinbase Invests in Circle While Maintaining a Commercial Relation

Circle will launch six new blockchains between September and October.
Centre will no longer exist as a stand-alone entity.
Coinbase, the leading crypto exchange, is increasing its support for stablecoins with an investment in Circle. Moreover, the stablecoin provider Circle and Coinbase will also maintain a commercial relationship. The two firms jointly launched the stablecoin USD Coin five years ago. Now the Circle will take full operational and governance responsibility. 

TL;DR: $USDC is launching on 6 new blockchains; @coinbase is increasing its support for stablecoins with an investment in Circle; Circle will take full control over USDC issuance and governance; Coinbase and Circle will also maintain a commercial relationship.…
— Circle (@circle) August 21, 2023
On August 22, Circle released a blog post announcing its redefined commercial relationship with the crypto exchange Coinbase. The two firms have agreed with the regulatory clarity on stablecoins in the U.S. and aroun

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