Newsflash: Bitcoin Unicorn Circle Launches USD-Pegged Cryptocurrency

Circle, the $3 billion bitcoin startup backed by investment banking giant Goldman Sachs, has created a cryptocurrency “stablecoin” whose value is pegged to the U.S. dollar and backed by physical currency stored in company-owned bank accounts. Announced on Tuesday, the new cryptocurrency — USD Coin (USDC) — will allow individuals and institutions to tokenize physical

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