Coinbase takes stake in Circle, launching USDC on six new blockchains

Quick Take

  • Crypto exchange Coinbase said Monday that it is increasing its support for stablecoins with an investment in Circle.
  • The companies are also assigning full control of USDC’s issuance and governance to Circle while disbanding Centre Consortium, the organization founded to manage the stablecoin.
  • USDC is launching on six new blockchains, but the companies did not stipulate which. 

Crypto exchange Coinbase said Monday that it is increasing its support for stablecoins by "taking an equity stake" in Circle. 

As part of an agreement announced in a joint blog post, Circle will take full co