Circle is introducing a stablecoin dubbed the “USD Coin,” with a consortium called Centre serving as the platform.
A consortium called Centre — which includes Bitmain Technologies Ltd. among its members — will act as a platform for deposits and fiat conversions for the stablecoin. Bloomberg notes that although Centre is a “wholly owned subsidiary of Circle,” there are plans in plan to turn it into an independent organization.
Cointelegraph will update this story as it continues.
Source: Cointelegraph https://cointelegraph.com/