The Centre Consortium, co-operatively overseen by Circle and Coinbase, is currently in the process of being closed down. Consequently, Circle will be taking over the internal management of issuance and governance for the USDC stablecoin.
The source did not disclose the financial terms of the deal.
In October 2021, FTX.US reportedly purchased Ledger Holdings, the parent company of LedgerX, for a total of $298 million, according to audited financial documents obtained and reviewed by CoinDesk.
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