Goldman Sachs-Backed Circle Announces Cryptocurrency Version of US Dollar

Goldman Sachs-backed payment company Circle has announced that it is introducing a cryptocurrency version of the U.S. dollar.
Circle’s Digital Coin Aims to Solve Volatility
In an announcement today, the fintech startup revealed that a new digital currency would be pegged to the U.S. dollar, known as Circle USDC (USD Coin). According to the company, the invention of blockchain-based computing and cryptographic assets has brought in a new era of the ‘open internet.’ However, it a