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Goldman Sachs startup Circle, the Boston-based crypto finance company, has gone live with its stable coin called the US Dollar Coin, or USDC.
This is the first cryptocurrency released by a major financial institution.
In order to avoid instability and inflation inherent to other unregulated cryptocurrencies, the value of the USDC will be tied to the dollar. Does this mean the FED already has a replacement for the U.S. dollar?
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