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USDC regained its dollar peg four days later. [14] In August 2023, Circle and Coinbase dissolved the Centre Consortium, the entity responsible for managing USDC since 2018. This decision granted Circle full governance over USDC. [15] In February 2024, Circle discontinued USDC on the TRON blockchain following a risk management review. Although ...
Coinbase Global, Inc. is an American technology company. [4] Founded in 2012 by Brian Armstrong, [1] it operates the largest U.S. based cryptocurrency exchange. [5] As of 2024, Coinbase has 108 million users and is the world's biggest bitcoin custodian, holding 12% of the total supply and managing over US$400 billion in assets.
Centre was intended to serve as a platform for users to make deposits from traditional bank accounts and convert fiat currency into tokens. Centre would also provide the ability to shift back to banknotes. [26] In August 2023, Coinbase and Circle closed the Centre Consortium, giving Circle sole governance of USDC. [27]
Coinbase, the largest U.S. crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking Coinbase filed in 2022.
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The SEC's Coinbase insider trading lawsuit is a more complicated case because none of the defendants are crypto firms, but instead, individuals accused of using insider information for personal gain.
Gemini Trust Company, LLC (Gemini) is an American cryptocurrency exchange and custodian bank.It was founded in 2014 by Cameron and Tyler Winklevoss. [4] [5] [6]In 2023, the company, along with two others, was sued by the New York attorney general Letitia James under allegations that it had "defrauded" investors by exposing them to undue risk.
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