US-based cryptocurrency exchange Coinbase Inc. (NASDAQ: COIN) admitted that USD Coin (CRYPTO: USDC) — a stablecoin that it launched in collaboration with fintech firm Circle — is not fully backed by the United States dollar.
US-based cryptocurrency exchange Coinbase Inc. (NASDAQ: COIN) admitted that USD Coin (CRYPTO: USDC) — a stablecoin that it launched in collaboration with fintech firm Circle — is not fully backed by the United States dollar.