Keith Teare

Nov 12, 2021

20 min read

The Rise of the Private Dollar — USDC

By Keith Teare • Issue #283 • View online

USDC is rapidly becoming an acceptable currency for investment firms. It is secure, stable and a ready-made bridge to every other cryptocurrency. Now its parent — Circle — has started a venture fund using it, Fred Wilson advises owning it and Wall Street hedge funds are earning up to 9% interest by holding it. So why is it important?