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crypto

Coinbase Buys Minority Stake in USDC Issuer Circle

By
Aidan Ryan
· · Source: The Information

Coinbase has taken a minority stake in Circle, the crypto payments firm and issuer of the USDC stablecoin. The companies, which splits interest revenue generated from USDC holdings, did not disclose the size of the stake nor how much Coinbase invested. Centre Consortium, a Circle- and Coinbase-led nonprofit that managed USDC, is shutting down as part of the deal. In a joint press release,...

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