FOTA Joins the launch of USDC by Circle
In a significant milestone for the global economy, Circle has announced the introduction of USD Coin, also known as USDC. USDC enables powerful new global financial contracts, products, and services on the internet and is being released with a number of major financial institutions.
As one of the partners of Circle, FOTA showed its support toward the launch of USDC. The Founder and CEO of FOTA, Brian Cai, said: “FOTA recognizes the importance of stable-coins in the maturation of digital asset derivative market. Stable-coin plays an essential role on FOTA as it is used in pricing, quoting, settlement and margining, making the entire system measure-complete, a prerequisite for our state-of-the-art margining system STAMP (System for Theoretical Analysis and Margining Portfolio). We believe Circle USDC will provide more possibilities to this market and boost adoption of a new global economy.”
A comprehensive announcement from Circle Co-founders Sean Neville and Jeremy Allaire is available here and more details about Circle’s partners are available here.
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This is not a great news, same with this https://news.kucoin.com/en/usd-coin-usdc-gets-listed-on-kucoin-world-premiere/ USDC is not the type of stablecoin.