Jeremy Allaire Usa Stablecoin Tether USDT USDC Jeremy Allaire Usa

Circle Denies USDC Trouble Rumors, Tether Supply Still Elevated on Curve

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Circle, the US-based payments company that issues the stablecoin USD coin (USDC), has denied that it is facing any sort of difficulty in maintaining the coin’s US dollar peg.

Meanwhile, the supply of tether (USDT) coins on one of the most used stablecoin liquidity pools remains elevated.Writing in a Twitter thread on Saturday, Jeremy Allaire, the CEO and co-founder of Circle, said that the company has decided to boost its information-sharing efforts in light of the “fundamental challenges and risks” that many companies in the crypto space have faced.In the thread, Allaire linked to a blog post titled “How to Be Stable,” where the company went into detail on the backing of USDC.

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