Infrastructure · September 26, 2018
Circle launches USD Coin (USDC) via the CENTRE Consortium
Price at event
$6,463
Today
$73,594
Since then
×11.4
Circle, through the newly formed CENTRE Consortium, launched USD Coin (USDC), a fully-reserved, dollar-pegged stablecoin issued by a regulated money services business — pitched as the law-abiding answer to Tether's perennial reserve questions. It began trading on Poloniex and Circle Trade on September 26, 2018, with Coinbase formally co-founding CENTRE and listing the token weeks later. It went on to become the second-largest stablecoin and a backbone of DeFi.
⸺ Sources ⸺