Zeux collaborates with Circle to add USDC to its listing for payments with Apple Pay and Samsung Pay
(London, UK. 14 August 2019) Zeux will now list USDC. USDC is a stablecoin designed to be pegged one-to-one with USD (1 USDC = $1 USD) and will be available in Zeux for payments on the 21 August 2019.
USD Coin (USDC) is a fully collateralized US Dollar stablecoin based on the open source fiat stablecoin framework developed by Centre, a consortium founded by Circle (backed by Goldman Sachs) and Coinbase. Every unit of USDC is only ever issued after a corresponding US Dollar is deposited in reserve bank accounts. Reserve funds are held with multiple US-based banks.
Additionally, for increased transparency, USDC has engaged a top-ranking auditing firm to release monthly balance attestations of the corresponding USDC and USD balances held/issued. Read more about USDC here.
Customers from around the world can redeem USDC back into US Dollars with Circle (https://usdc.circle.com) and Coinbase (https://www.coinbase.com).
What’s more, Zeux will also introduce a new 6% AER USDC deposit product, which allows customers to withdraw at any time and returns interest that accrues daily.
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