Coinbase Gets Stake AND Surprise Inside for YOU!

View in browser Coinbase and Circle Restructure USDC: What You Need to Know Coinbase and Circle, the companies behind the world's second-largest stablecoin, USD Coin (USDC), have announced significant changes in how they will manage and govern this digital asset. These changes not only involve Coinbase taking a stake in Circle but also mark the end of the Centre Consortium, which previously governed USDC. This reshaping of the USDC landscape reflects the growing regulatory clarity surrounding stablecoins and aims to accelerate USDC's global adoption. The Dissolution of Centre Consortium: Centre Consortium, the collaborative initiative between Coinbase and Circle responsible for issuing USDC, is being dissolved. Circle will now be the sole issuer of USDC. This move aligns with the increasing regulatory clarity surrounding stablecoins, eliminating the need for a separate governance body. Circle will take on full responsibility for USDC issuance and governance, including the management of smart contract keys and compliance with reserve governance regulations. Expanding USDC's Reach: USDC is set to expand its presence across various blockchain networks. Between September and October, the stablecoin will be launched on six new blockchains, increasing its multi-chain support to a total of 15 networks. This expansion aims to cater to the growing demand for USDC among businesses, applications, and developer communities, positioning USDC as the preferred on-chain dollar. Equal Revenue Sharing: Coinbase's acquisition of a minority stake in Circle comes with an agreement to continue sharing revenue generated from interest earned on the dollar reserves backing USDC tokens. This revenue-sharing arrangement will be evenly split between Coinbase and Circle. Additionally, both companies will equally share interest income generated from the broader distribution and usage of USDC. The Road Ahead: USDC has consistently ranked as the second-largest stablecoin by market capitalization, only trailing Tether (USDT). The decision to dissolve the Centre Consortium and streamline USDC governance underscores the commitment to advancing the real-world utility of cryptocurrencies and promoting financial inclusivity. Coinbase and Circle share the vision of growing the USDC ecosystem, enhancing its circulation, and driving global adoption. The restructuring of USDC through the dissolution of Centre Consortium and Coinbase's stake acquisition in Circle reflects a pivotal moment in the stablecoin's journey. With a focus on regulatory compliance, multi-chain expansion, and equitable revenue sharing, USDC continues to play a crucial role in making cryptocurrencies more accessible and useful in the real world. This move reaffirms the commitment of Coinbase and Circle to advance the global adoption of USDC and foster innovation in the digital asset space. Thank you for being a member of Cointiply 🫶🏻Here's a code for 100 coins Introducing...Cointiply merch! Cointiply Merch Launch Show your support of Cointiply through our new hoodies, t-shirts, beanies, baseball hats, and mugs. Enjoy free, worldwide shipping on all Cointiply merch orders. Plus- spend $20, and get a free Cointiply sticker with your purchase! Shop NOW! We're on TikTok! Did you know Cointiply's on TikTok? Cointiply has taken the plunge into TikTok. Be a part of our journey as we break down crypto into bite-sized, fun, and engaging content. Dive into the crypto wave with us!  And who knows? Maybe you'll be able to snag a promo code there, too! Follow us on TikTok Free Download on the Google Play Store The Cointiply App Install the latest version of the Cointiply Android app and unlock even more earning opportunities. Download here Popular Offer Walls of the Week Bit Labs (20% BONUS!) **20% INSTANT BONUS UNTIL AUG 31** Surveys, apps, tasks available in all countries Updated with new surveys daily Offering 1,000 to 25,000 coins per survey Theorem Reach Surveys available in all countries Updated with new surveys daily Offering 1,000 to 25,000 coins per survey Exclusive Promo Code for 100 Coins 💸"CIRCLE"🔘 Cointiply (3DAH) PO Box 859, Durham New Hampshire 03824 United States This email has been sent because you have opted in to receiving periodic emails on your Cointiply account. You can change your mail settings at any time by logging in to your Cointiply account. Unsubscribe