Tag: dissolution

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Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future

August 22, 2023

In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while signaling a stronger commitment to stablecoins. Circle, Coinbase Dissolve USDC’s…
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Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

January 6, 2023

The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans…
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