Cryptocurrency
Goldman Sachs-backed start-up Circle introducing a crypto version of the US dollar via @CNBC
According to CNBC, “Fintech company Circle is looking make a better, faster, digital version of the U.S. dollar. “The Goldman Sachs-backed start-up announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain, which brings Circle’s value near $3 billion, the company announced Tuesday. “‘It unlocks […]
According to CNBC, “Fintech company Circle is looking make a better, faster, digital version of the U.S. dollar.
“The Goldman Sachs-backed start-up announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain, which brings Circle’s value near $3 billion, the company announced Tuesday.
“‘It unlocks an incredible amount of power for the dollar,’ said Jeremy Allaire, CEO of Circle. ‘It’s basically a dollar that operates on blockchain.’
“Circle is one of the most well-funded blockchain start-ups, with investors including Goldman Sachs Group and Baidu. The fintech company operates its peer-to-peer payment network using blockchain, the technology that underpins bitcoin.”