Another verification of the custodial accounts of the company Circle has confirmed the backing of USD Coin by fiat reserves of the company.
United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14.
The United States Securities and Exchange Commission’s (SEC) Advisor for Digital Assets and Innovation Valerie Szczepanik stated that one needs to be a licensed broker-dealer to run an IEO with a US issuer or buyer. She also reported that a number of stablecoins fell under the law on securities.
A number of major American retailers will give their clients a chance to pay with a cryptocurrency, including a stablecoin. By doing so, through the cooperating with Flexa, the retail chains are going to lower the non-cash payment fees and to increase the customers’ loyalty.
Changpeng Zhao has dropped a major hint that the company works on the launch of a stablecoin.
According to TrustToken, the new stable cryptocurrency tied to Canadian dollar 1:1 due to the open code proved the equality of the prices for the token and for Canadian dollar.