Fact Check: USD Coin is the largest regulated stablecoin in the world

14 · Coinbase · Aug. 7, 2021, 12:25 a.m.
We all need to work together to move crypto adoption forward, and it’s important that we all start with facts. So we have to correct the record after reading the article titled “A Regulated Stablecoin Means Having a Regulator” by Dan Burstein, Chief Compliance Officer of Paxos. In case you missed it, the article was an inaccurate attack on USDC (market cap: $27.5B) which is minted by CENTRE (a consortium of which Coinbase and Circle are members). USDC is one of several alternatives to the stable...