Free Republic

SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V) today announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with Visa over Ethereum—one of the most actively used open-source blockchains.1 Visa is piloting the capability with Crypto.com, a Visa partner and one of the world’s largest crypto platforms, and plans to offer the USDC settlement capability to additional partners later this year. “Anchorage’s platform has been purposefully built for institutions like Visa to build new products in crypto. We’ve been with...

Cryptocurrency giants Coinbase & Circle launch dollar-backed USDC 'stablecoins' (Goldman Sachs Fed Reserve NWO Fedcoin) https://www.cnbc.com/2018/10/23/cryptocurrency-giants-coinbase-and-circle-form-a-joint-venture-to-boost-adoption-of-dollar-backed-stable-coins.html The “CENTRE Consortium,” as it’s being called, will establish standards for listing fiat currencies in a digital form. The group is aiming at mainstream adoption of cryptocurrencies known as “stablecoins,” which are backed by a government currency like the dollar. Goldman Sachs backed Circle and Coinbase, which is reportedly valued at $8 billion, are among the best-known and most well-funded cryptocurrency companies. A stablecoin known as "USD coin," which Circle says is pegged 1:1 with the U.S. dollar, will be available to buy and...