Circle brands itself as the payment infrastructure for internet businesses and are active in the crypto space since 2013. They are the company behind the popular stablecoin USDC, with a market cap of $11,241,731,453. The USDC stablecoin has its value “pegged” against one US Dollar. It means that Circle holds $1 in collateral for every USDC token they issue. It’s one of the most widely adopted stablecoins besides Tether (USDT).
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