Circle Launches USDC Payments Platform for Users Without Stablecoin Holdings

The new service is described as enabling payments in USDC, letting users transact without directly holding the stablecoin themselves.

Summary

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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a one-to-one value with the dollar.
  • Stablecoin: A cryptocurrency built to track the value of a reference asset, commonly a fiat currency such as the U.S. dollar.
  • Payments platform: A system that processes digital transactions between users, merchants, or financial service providers.