Circle to Become National Digital Currency Bank
Decrpyt | Jeff John Roberts | Aug 9, 2021 Stablecoin giant Circle announced that they will be moving toward becoming a “National Digital Currency Bank” in an attempt to strengthen their existing USDC stablecoin, currently backed by a combination of US dollars, corporate bonds, and commercial paper. Circle’s move has outsiders wondering how the increased federal oversight will impact
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Circle to Become National Digital Currency Bank first appeared on
National Crowdfunding & Fintech Association of Canada.