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Circle seems to be the company supported by Goldman Sach Circle committed to the cryptic market more than ever. The stablecoin released by Circle is also growing in the cryptocurrency space. Now, the USD currency (USDC) is the 19th largest digital asset on the market, even bigger than ZCash (ZEC).
Circle expands in the Crypto Market
The USD currency is a stablecoin ERC-20 issued by Circle and that has grown in space in recent months. 2018 was a year when the stablecoins rose after much controversy hit Tether (USDT), the largest stablecoin in space. The USDC was among those new stablecoins.
The market capitalization of digital assets grew by $ 90 million in just a week. This is more than the supply of the entire currency when it was launched on the market in October 2018.
In a recent ask-me-anything (AMA) held on Reddit by Jeremy Allaire, the founder of Circle, he spoke of the growth of the USD. One of the things he said is that investors prefer this digital asset because they have access to many large markets including Coinbase, Binance and Poloniex.
Allaire explained that the company will focus on cryptocurrency in the coming months. The intention is to continue to expand it and make it one of the most used stablecoins on the market. He also explained that he built his payment infrastructure at the top of the USD.
Beyond that, he also highlighted their plans for 2019 and how they are planning to expand. The intention is to improve their portfolios infrastructure and focus on retail and consumer offers.
Allaire commented on this:
"We are more engaged than ever in this, we have built our crypto payment infrastructure (USDC) and have made significant investments and improvements to our core wallnet infrastructure (in Poloniex), and we can expect to see a significant focus on consumer and retail offers until 2019 ".
He also said that there is a lack of regulatory clarity in the market, something that is affecting the entire space. The US Securities and Exchange Commission (SEC) has increased its presence in the market. The intention is to fight scams and other fraudulent activities.
A spokesperson for Binance commented at CryptoBriefing who are also trying to offer greater accessibility to investors. A few days ago, Binance added some stablecoin trading pairs, including USDC.
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