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.
token, in association with Paxos; PayPal could prove a worthy adversary given its deep ties in payments and remittances.
From Coinbase’s perspective, the future of USDC stretches far beyond crypto trading, into areas like foreign exchange, transfers of funds across borders and financial inclusion, according to Phil McDonnell, senior director of product management at Coinbase. But he played down any competition with PayPal.“I really do believe PayPal grows the pie for us,” McDonnell said in an interview with CoinDesk. “Crypto is so small today compared to the overall financial world.
Regulation of stablecoins remains in its early evolutionary stages, but there are squibs of clarity emerging, said Circle Chief Strategy Officer and Head of Global Policy Dante Disparte. He pointed to the
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