Coinbase takes equity stake in Circle as Centre Consortium shuts down By Cointelegraph
Coinbase (NASDAQ:) and Circle have redefined their relationship, according to identical announcements on the Coinbase and Circle blogs on Aug. 21. The two organizations jointly launched the (USDC) stablecoin and have, until now, governed the token through the Centre Consortium.
The Centre Consortium “will no longer exist as a stand-alone entity,” the blog past said, and governance and operations will be handled in-house. Circle will have enhanced responsibilities, including holding smart contract keys and regulatory compliance.