Cryptocurrency Q&A
Who is the owner of USD coin?
Who is the owner of USD coin?
KDramaLegendaryStar
Fri Jun 28 2024
|
6 answers
1321
Who exactly stands behind the USD Coin, one of the prominent stablecoins in the cryptocurrency market? Is there a singular entity or organization that can be identified as the owner? Given its pegged value to the US dollar, does this imply a direct affiliation with the US government or a central bank? Or is it a privately-held enterprise that manages the issuance and redemption of USD Coin? Clarifying the ownership structure and governance of such a significant financial instrument in the crypto sphere seems paramount for both investors and regulators.
6 answers
EthereumElite
Sun Jun 30 2024
USDC is issued by CENTRE, a collaborative venture between Coinbase and Circle.
Was this helpful?
177
87
Nicola
Sun Jun 30 2024
Coinbase, a leading cryptocurrency exchange, and Circle, a financial technology company, combined their expertise to create CENTRE.
Was this helpful?
267
81
Elena
Sun Jun 30 2024
USD Coin (USDC) is a digital asset that is designed to maintain a stable value.
Was this helpful?
80
48
Davide
Sun Jun 30 2024
The U.S. dollar-denominated assets backing USDC are held at regulated and audited financial institutions in the United States.
Was this helpful?
329
98
GalaxyWhisper
Sun Jun 30 2024
This stability is achieved through its backing by U.S. dollar-denominated assets.
Was this helpful?
130
44
Load 5 more related questions
