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Goldman Sachs-backed Circle’s USD Coin [USDC] receives support from 6 new companies

Shahrain KM

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Goldman Sachs-backed Circle's USD Coin [USDC] receives support from 6 new companies
Source: Unsplash

Recently, Goldman Sachs-backed blockchain firm, Circle stated that 6 new organizations have joined the bandwagon in supporting the platform’s newly launched stablecoin, USD Coin [USDC]. Circle stated:

“USDC was launched by the CENTRE open source consortium last week and Circle was the first commercial issuer. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable everywhere the internet reaches.”

According to Circle, Hanbitco, an EOS-friendly exchange, and Everbloom, decentralized cryptocurrency exchange for ERC2O tokens are the newest organizations to welcome USDC.

Furthermore, Dispatch Labs, a blockchain accelerator and HACERA, a platform that builds enterprise-grade blockchains have involved themselves in the USDC ecosystem. Both companies aim to build solutions that have several use cases wherein payments and settlements are required.

Digital wallet provider, BitUN and Cobo, a cryptocurrency wallet are allies as well.  Both platforms have announced that they have integrated the safe storage of USDC into customers’ wallets with the additional feature of interacting with several other services as well.



Circle has further stated that the new support they are receiving for USDC could potentially result in the formation of “an open standards model “of how fiat currency can be used over the internet. Additionally, this model could allow for momentous innovations in the current global financial structure.

According to Circle, the need of the hour for investors and traders in the exchange ecosystem is a platform that can easily trade, exchange and transact fiat currency. Furthermore, Circle believes that the ecosystem needs to exist in a manner where hedges can be made using volatile digital assets as well as stable assets and values.





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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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