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 immediate cancellation follows substantial community opposition to the demand of a face recognition scan in order to earn the deposit incentive.
In response to Russia's invasion of Ukraine, the United States has imposed new sanctions on more than 40 individuals and organizations.
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