Who oversees the functioning of USDC?

3 answers

• Dec 25, 2021 · 3 years ago
  USDC is overseen by a consortium called Centre, which is made up of various companies in the cryptocurrency industry. Centre ensures that USDC operates in compliance with regulations and maintains its peg to the US dollar. This oversight helps to maintain trust and stability in the USDC ecosystem.
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• Dec 25, 2021 · 3 years ago
  The regulation of USDC is a collaborative effort between Centre and various regulatory bodies. Centre works closely with regulators to ensure that USDC adheres to anti-money laundering (AML) and know-your-customer (KYC) regulations. This helps to prevent illicit activities and maintain the integrity of the USDC network.
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• Dec 25, 2021 · 3 years ago
  USDC is overseen by Centre, a consortium that includes companies like Coinbase, Circle, and others. Centre's role is to provide governance and oversight to ensure the stability and trustworthiness of USDC. They work closely with regulators and follow industry best practices to maintain the integrity of the stablecoin.
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