The latest price moves in crypto markets in context for August 22, 2023.
in stablecoin issuer Circle Internet Financial. The two companies also dissolved their Centre Consortium partnership, which issued USD Coin , the world’s second-largest stablecoin.
As part of the move, Circle will bring issuance and governance of USDC fully in-house. Also, six more blockchains will gain native support for USDC, which is pegged at $1, bringing the total number of supported blockchains to 15. Coinbase and Circle, in a and interviews with CoinDesk, did not disclose the size of the stake acquired by Coinbase. Coinbase did not give Circle cash for the stake, according to a person familiar with the matter.
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