Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins.As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform. Circle co-founders Sean Neville and Jeremy Allaire spelled out the details in a blog post.Acting as a sort of safe haven where crypto traders can park their assets in volatile markets, stablecoins have become increasingly popular. They are especially useful in exchanges that offer only crypto-to-crypto trades. Right now, there are roughly 29 active stablecoins on the market. All of these coins make their own promises. For Circle, USDC is an Ethereum-based ERC-20 coin. A commonly used token standard, ERC-20 makes it easy for wallets, exchanges and other smart contracts to interact with the token. This helps Circle create an instant ecosystem for the token. “More than 20 companies are also announcing or launching support for USDC today,” Circle said. Other exchanges planning to list the coin include OKCoin, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX, a spokesperson from Circle confirmed. Similar to the Gemini Dollar and Paxos Standard, USDC is a fiat-collateralized coin. That means that a centralized company holds assets in a bank account and i...
