July 24, 2024
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Blockchain News

Circle Calls for Direct Holding of USDC Reserve by Federal Reserve

Circle, the USDC stablecoin’s issuer, has advocated for the direct deposit of stablecoin reserves with the US Federal Reserve. On March 28, the company’s Chief Financial Officer, Jeremy Fox-Geen, published a blog post about trust and general transparency. “A US dollar-backed stablecoin requires access to the US banking system to allow money to seamlessly flow

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