In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while signaling a stronger commitment to stablecoins.
Circle, Coinbase Dissolve USDC’s Centre Consortium
On Monday, Coinbase and Circle unveiled significant news in a blog post penned by both CEOs. The duo shared that USDC will soon integrate with six additional blockchain networks, expanding its connectivity to a total of 15 chains.
Circle contends that a multi-chain future for USDC will more effectively serve individuals and businesses that utilize the stablecoin. Allaire elaborated on the announcement on the social media platform X. He explained that before the onset of global regulatory clarity, the Centre Consortium’s governance system was essential.
“Now, with regulatory clarity coming
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