"🔄💼 Coinbase's Circle Moves: According to CoinDesk, Coinbase has acquired a partial stake in Circle, the issuer of the USD-pegged stablecoin USDC. While the purchase size remains undisclosed, this action led to Circle's separation from the Center Consortium (formerly co-founded by Coinbase and Circle) responsible for USDC issuance, granting Circle full control over issuance and governance. Moreover, Circle has revealed plans to expand USDC to six new blockchains by September-October, raising the total supported blockchains to 15. Names of the new blockchains remain confidential, but possibilities include Polkadot, Near, Optimism, Cosmos, and Coinbase's Base. 🪙🔗
#CoinbaseCircleMove #USDCExpansion #BlockchainEcosystem"