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Circle and TBD Will Cooperate to Promote Stablecoins

ByLouis Adams

Sep 30, 2022 #Stablecoin
Reading time: < 1 minute

TBD, the structural unit of Jack Dorsey’s Block company, and the USDC issuer Circle, have agreed on a partnership to promote the use of stablecoin in savings and cross-border settlements.

The objetive of the cooperation is to bring dollar-pegged “stablecoins” into payments and financial applications on a global scale everywhere. First of all, in countries with rapidly devaluing currencies like Turkey and Argentina.

Partners will provide developers with the necessary infrastructure, and crypto wallet providers will be provided with the ability to connect to an open source protocol and decentralized identification. It is planned to create a network of bridges between fiat and digital currencies.