USD COIN

Subject: Science & technology

Context: Visa Becomes First Major Payments Network to Settle Transactions in USD Coin (USDC).

Concept:

USD Coin (USDC) is a digital stablecoin that is pegged to the United States dollar and runs on the Ethereum, Stellar and AlgorandBlockchain.
Each USDC is backed by a dollar held in reserve.
USD Coin is managed by a consortium called Centre,founded by Circle and including cryptocurrency exchange Coinbase and Bitcoin miner company Bitmain, which is an investor in Circle.