Circle Is Building a Master Mobile Payments Network on Ethereum
Blockchain startup Circle has revealed a new inter-wallet settlement system called CENTRE, aimed at connecting the world's digital payment services.
The CENTRE consortium is teaming up with the Algorand Foundation to launch the USDC stablecoin on the Algorand network.
Circle and Coinbase are a launching a bold effort to make money as easy to move around the world as internet data and content.
CENTRE froze $100,000 in USDC in response to a request from law enforcement, the group said Wednesday.
Coinbase is providing support for the Circle-issued USDC stablecoin. The token will initially be supported through Coinbase Wallet.
Circle has raised $20 million in a Simple Agreement for Future Tokens (SAFT) sale for its ethereum-based "CENTRE" payments network.