Founded by Coinbase and Circle in 2018, the mission is to provide the governance and standards for the future digital financial ecosystem.
We began by launching US Dollar Coin (USDC), a fiat-backed stablecoin and now the second largest stablecoin on the market. The standards we laid out for USDC provide a layer of trust and transparency so that users can operate with security and confidence as we enter a new world of digital payments.
Available for developer contributions globally, the suite includes support for currency transmittal as well as trust and identity decisions, rules for settlement and secure KYC/AML exchange.
Bootstrapped by contributions from founding members Circle and Coinbase, these protocols are in production today servicing millions of customers
Centre's software implementation is managed by an organization created just for this purpose. It provides the support, governance and ongoing R&D for the project.
Following the Merge and Ethereum’s transition from a Proof-of-Work (PoW) consensus mechanism to the more sustainable Proof-of-Stake (PoS), Centre and its members exclusively support the upgraded Ethereum PoS chain for USDC. Circle remains the sole issuer of USDC. Any other token claiming to be, or to be affiliated with, USDC or its members is not supported by Centre and Coinbase or redeemable by Circle. Please be vigilant for bad actors' scams & phishing attempts that encourage you to interact with unsupported assets on the ETH PoW chain.
USD Coin (USDC) is anEthereum ERC-20, Algorand ASA, Avalanche ERC-20, Flow FT, Hedera SDK, Solana SPL, Stellar asset, and TRON TRC-20 stablecoin brought to you by Circle and Coinbase. It is issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency.
Verite is a set of open-source, decentralized identity protocols that bring trust, privacy, interoperability and risk mitigation to individuals and institutions who participate in the global crypto financial ecosystem.
Every month, certain management assertions related to the total USDC in circulation are attested to by top 5 accounting services firm, Grant Thornton LLP. We publish those reports so that you can be confident that USDC is always '100% redeemable for dollars.
The technology behind Centre makes it possible to exchange value between people, businesses and financial institutions just like email between mail services and texts between SMS providers. We believe by removing artificial economic borders, we can create a more inclusive global economy.