Center consortium is open for cooperation

By June 14, 2019 21:43

The American cryptocurrency company Coinbase and the owner of the top cryptocurrency exchange Poloniex, a startup Circle, are planning to expand the Center consortium, created to support and promote the steadlockcoin ecosystem USDC. This will give other companies the opportunity to join the organization, and theoretically release USDC steablokoina themselves.

At the same time, they will be able not only to issue USDC tokens, but also to earn on security reserves and to receive income from the provision of financial services based on steklkoinov from the Center.

In order to participate in a program, a potential participant must meet a number of criteria:

  • a license to provide financial services in its jurisdiction;
  • compliance with AML regulations in its jurisdiction and FATF requirements;
  • consent to regular independent audits;
  • compliance with technical and operational requirements of the Center protocols;
  • approved by financial partners Center custodial policies (for fiat reserves);
  • consent to the reporting of reserves.
  • Center members should also jointly develop technical standards and open source software for the operation of the Center Network protocol.

Today, the USDC stablecoinav in the amount of more than $ 795 million has been issued, and it has been redeemed for $ 470 million. The total trading volume since launch was $ 11.9 billion.

The plans of the consortium include the creation of a “new global digital currency”, which would be provided with a number of different national currencies. In addition, USDC should be issued not only on the Ethereum blockchain, but also on other networks, including private ones.

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By June 14, 2019 21:43