A new cryptocurrency is being launched by Circle, a payment startup owned by Goldman Sachs.
Circle USD Coin, the new cryptocurrency, is precisely a digital version of the US dollar, which will be a faster, better and more secure version of the US dollar and could one day be accepted anywhere that takes traditional currencies.
The USD Coin is the first cryptocurrency released by a major financial institution. Circle doesn’t want its USD Coin to be subject to the instability and inflation inherent to other unregulated cryptocurrencies, so it will tie the value of a coin to that of a US dollar, according to CNBC.
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