RATE Group | Circle Decides to Focus on Core Stablecoin Platform in 2020
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Circle Decides to Focus on Core Stablecoin Platform in 2020

30 Dec Circle Decides to Focus on Core Stablecoin Platform in 2020

Posted at 11:59h in Cryptocurrency News by

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In 2020, Circle has decided to focus exclusively on the growth and development of its stablecoin USDC and hive of other businesses that cannot be synergized with it.

USDC is the fastest-growing stablecoin globally. Circle manages it through a consortium of industries called CENTRE. USDC can be used for making payments, investments, and trading on the Circle platform. These services help in the growth of USDC. While the applications are the customer-facing layer, it is the underlying technologies that ensure robust custody, risk management, card gateways, etc. that have led to the growth and wide adoption of USDC.

In 2020, Circle has decided to unveil its APIs to the outside world. It will offer its APIs to businesses and individuals who can create new DApps. This will lead to accelerated growth and development of both the Circle platform and USDC.

Business Re-organization:

Circle has decided to throw its lot with stablecoin and maintain a razor-sharp focus on their goal; it has been…

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