Goldman Sachs-backed company Circle launches a stablecoin pegged to the U.S. dollar.
According to a Forbes article, American peer-to-peer payments technology company Circle is going to launch its own stablecoin named USD Coin (USDC) that will be backed by U.S. dollars held in reserve by Circle's banking partners.
For now, the coin is available for use and trading on Circle's Poloniex exchange and Circle Trade. As was also stated, many other cryptocurrency exchanges such as DigiFinex, CoinEx, KuCoin, and OKCoin are going to add it in the foreseeable future. Wallets BitGo, Cobo, Coinbase Wallet, and imToken also announced the support for the newly issued coin.
Earlier this month, there were some other companies that announced launching stablecoins backed by fiat currencies like Australian Dollar-Backed Stablecoin and Gemini dollars.
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