By AMB Crypto - 2 years ago - Reading Time: 1 minutes
Centre clarifies USDC reserves composition citing ‘regulatory landscape’
USD Coin’s (USDC) recent growth has become an important aspect of the digital currency-enabled financial system. It has always been fully backed by reserves equal to or greater than the USDC in circulation, giving users the ability to always redeem 1 USD Coin for $1.00. In fact, Jeremy Allaire, CEO and Founder of Circle, mentioned […]Original source: AMB Crypto