What happened to Coinbase & circle?

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. Coinbase is acquiring a minority stake in Circle Internet Financial.

Why should you invest in Coinbase & circle?

Both Coinbase and Circle operate with a compliance-first approach and a track record of security. That’s why we believe CENTRE is uniquely positioned to offer USDC to people who want to take advantage of the benefits of stablecoins.

Does Coinbase own USDC?

Coinbase is acquiring a minority stake in Circle Internet Financial. Their Centre Consortium, which governed the USDC stablecoin, is being dissolved and Circle is bringing the stablecoin fully in-house. Six new blockchains will integrate with USDC, taking the total to 15.

Does Coinbase need a separate governance body?

With growing regulatory clarity for stablecoins in the United States and around the world, the requirement of a separate governance body like Centre is no longer needed, Coinbase said in a blog post. Circle will take full control over USDC issuance and governance.