Crypto firm Coinbase to invest in Circle, shut down jointly managed Centre

Crypto firm Coinbase to invest in Circle, shut down jointly managed Centre

FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Coinbase Global said on Monday it would acquire an equity stake in cryptocurrency operator Circle Internet Financial and shut down their jointly managed Centre Consortium, the operator of the stablecoin, USD Coin (USDC).

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