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Circle will launch six new blockchains between September and October. Centre will no longer exist as a stand-alone entity.

Coinbase Global announced Monday that it is acquiring an equity stake in Circle Internet Financial, the issuer of the USDC stablecoin.

Coinbase, who helped launch USDC in 2018, will now make further investments in the stablecoin's future.

Coinbase (COIN) has acquired a minority stake in Circle Internet Financial, coinciding with the restructuring of the Centre Consortium partnership, responsible for issuing USD Coin (USDC), the second-largest stablecoin globally. This transition places UDC's issuance and governance under Circle's control, a pivotal development that broadens its impact.

Centre Consortium handled the governance of USDC. Coinbase and Circle will continue to share revenue from USDC reserves' interest income.

The biggest US-based crypto exchange Coinbase announced that it has purchased a stake in USDC stablecoin issuer Circle amid growing regulatory scrutiny in the US and other parts of the world. This could be great news for Circle as well since the USDC issuer was losing market share over the last year.

Coinbase's acquisition of a minority stake in Circle Internet Financial has resulted in the dissolution of Centre Consortium.

Coinbase and Circle said in a blog post on Aug. 21 that Centre — the consortium originally responsible for the USDC stablecoin — will be dissolved. The two companies said that Centre will end its operations due to changing regulatory conditions.

Coinbase (COIN), a US-based cryptocurrency exchange, has secured a minority stake in a payment company Circle.

Coinbase, one of the leading crypto exchanges, has officially acquired an equity stake in Circle, the issuer of the USDC stablecoin. The acquisition was announced in a joint press release by both companies.

Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity.

Circle will now be the only issuer of the USDC stablecoin.

Coinbase (NASDAQ: COIN), a dominant force in the crypto exchange world, acquired an equity stake Monday in Circle, the co-founder of the USD Coin (CRYPTO: USDC). This strategic move, reported by Fortune Monday, is part of a broader plan to reshape the governance and financial dynamics of USDC, leading to the dissolution of the Centre Consortium, which had been at the helm of the stablecoin.

Coinbase is snapping up an equity stake in Circle, with the two companies looking to cement their control over the issuance and governance of USDC — as well as associated fee revenues.

The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.

USDC's ascent falters as market cap dwindles; SVB's stumble deepens troubles. Meanwhile, Tether's rise accentuates the divide, reshaping the stablecoin landscape.

Alpaca Crypto is pleased to share updates with their traders and partners.

Blockchain tracker Lookonchain says that the bankrupt crypto lender Voyager has deposited $85 million worth of the stablecoin USD Coin (USDC) with Circle. Lookonchain notes that Voyager has been selling assets on Coinbase and has received $84.5 million worth of USDC from the exchange in total. The embattled lender reportedly still holds $11.

Jeremy Allaire, the CEO of Circle, has revealed a surprising statistic that sheds light on the growing international reach of the USD Coin (USDC). Despite its initial association with the United States, up to 70% of UDC's adoption is now originating from countries outside of the U.S.

PayPal, a forerunner in the digital payments sector, is charting its own path with its stablecoin, PYUSD, as it appears to be embracing a unique revenue model distinct from its competitors. According to a recent report by Bloomberg, PayPal's approach to revenue generation is set to differentiate it from other major stablecoin players.

Circle revealed that it is actively pursuing partnerships to promote the adoption of USD Coin.

American stablecoin issuer Circle is relying on a $1 billion dollar cash buffer to help reverse a decline in circulating supply and compete with a wave of newcomers. Competition in the stablecoin market is heating up, buoyed by the premise of potential regulations in the United States.

Circle is strengthening its position with a $1 billion cash buffer to counteract challenges posed by dominant non-crypto entities like PayPal

Circle's USDC stablecoin is down from $45 billion in circulation at the start 2023 to just $26 billion as the summer winds down.