Cryptocurrency exchange FTX on Friday bolstered its support for USD Coin (USDC) through a partnership with Circle, the co-creator of USDC.
The partnership will allow the customers of FTX, as well as those of its subsidiary, Blockfolio, to use ACH, international wire transfers and credit and debit cards to fund their US dollar accounts and have funds instantly settled in USDC. Through the ‘fiat-to-USDC’ route, customers can transfer the stablecoin on Ethereum and Solana.
USDC is a dollar-pegged stablecoin designed to be valued at $1 USD. It was jointly created by Circle and cryptocurrency exchange Coinbase in September 2018 and is maintained by a consortium called CENTRE. Its circulation has grown from 400 million in early 2020 to over 15 billion today.
USDC is registered with and regulated by the US anti-financial crime watchdog FinCEN. It’s also audited by Grant Thornton, a leading accounting firm.
“Circle has been a pioneer in making fiat work on blockchains for nearly eight
Źródło: https://decrypt.co/70913/ftx-and-circle-partner-to-improve-usdc-stablecoin-support
