New stablecoin network from Circle and Coinbase for newbies

Circle rejects rumors of receiving SEC notice on USDC Stablecoin


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Coinbase and Circle have made it their primary goal to make financial transactions through blockchain as easy as possible even for users that have no idea what the blockchain is.

Ever since the launching of the USDC (US Dollar Coin), Circle has been busy developing the CENTRE consortium for even more features. According to the company, the platform will feature a member-based framework that will boost the growth for digital money.

Circle’s vision is a completely revamped economic landscape in the future, where coded currencies will be exchanged on a daily basis on various platforms, and they want CENTRE Network to be one of the most popular ones during those times.

The main goal right now is to enable the platform to allow crypto operations on different blockchain platforms. In order to make this happen, Circle is fast at work for developing the CENTRE framework, so that blockchain developers could implement its features on their projects and enable fast and fluid transactions without too many operational uncertainties.

However, there’s a catch. Although Circle can field quite a large team of blockchain developers to work on the project, it wants to outsource participation from multiple members to support the protocol.

In order to participate, the member companies will have to hold licenses in their respective financial niches as well as meet technical requirements of the protocol.

The project is still in its development phase, and therefore not too many members can be found aside from Circle themselves and one of the world’s largest crypto exchanges, Coinbase.

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Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

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