Goldman-funded FinTech startup Circle Internet Financial (better known as "Circle") announced on Wednesday (26 September 2018) that it is launching its "USD Coin" (USDC for short), which is a regulated fully collateralized dollar-backed cryptocurrency that was originally announced on 16 May 2018. This new "stablecoin" is based on an open source fiat stablecoin framework developed and governed by the CENTRE project.