Odaily Planet Daily News Coinbase has acquired a minority stake in Circle Internet Financial, and the two companies are dissolving the Center Consortium partnership that issued the world's second largest stablecoin USD Coin (USDC). As part of this move, Circle will fully bring USDC issuance and governance in-house. Coinbase and Circle did not disclose in the blog post how much stake Coinbase received, and Coinbase did not provide Circle with cash in exchange for the stake, according to a person familiar with the matter.
Additionally, six more blockchains will receive native support for USDC, which is pegged to the US dollar, bringing the total number of supported blockchains to 15.
Coinbase and Circle did not disclose the names of the other six blockchains. But back in September, Circle said it planned to add Polkadot, Near, Optimism and Cosmos in 2023. Subsequently, Coinbase launched Base. (CoinDesk)