Goldman Sachs-backed Crypto Company Circle Launches Dollar Backed Stable Coin USDC

Goldman Sachs-backed crypto company Circle has launched their US dollar backed stable coin USDC.

According to Forbes, “The coin will be available for immediate use on Circle’s Poloniex exchange and Circle Trade, and will soon be available on other partner exchanges including DigiFinex, CoinEx, KuCoin, and OKCoin. Wallets BitGo, Cobo, Coinbase Wallet, and imToken are also among the more than 30 partners that have announced support for USDC.” Read more at Forbes.

This should act as a reminder of how Jamie Dimon forgot to fire everyone at his company that was messing with crypto last fall when he decided to get all FUD-y on crypto. 😀

In all seriousness, another Tether competitor from a reputable company is a welcome addition to crypto and it has the benefit of potentially being attractive to bigger players who want a regulated US company and regulated US-based coin to utilize in the crypto space.