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.
Available for developer contributions globally, the suite will include 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, an early form of these protocols is in production today servicing millions of customers.
Centre’s software implementation will be managed by an organization created just for this purpose. It will provide the support, governance and ongoing R&D for the project.
USD Coin is an ERC-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.