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Showing 1 - 2 of 2 results for "USD Coin"

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... product, ASIC said customers deposited AUD into a Bobbob account. The AUD deposits were then exchanged for the crypto-asset USD Coin (USDC), which is said to be a "stablecoin" whose value is pegged to the USD. This USDC was transferred to Bobbob's lending ...

BlackRock backs stablecoin issuer

CHLOE WALKER  |  WEDNESDAY, 13 APR 2022
... investments from BlackRock and Fidelity Management and Research. The global internet finance firm is also the issuer of USD Coin (USDC), one of the fastest growing dollar digital currencies with over US$50 billion in circulation. In addition to its corporate ...
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