USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations

2 years ago

Cheyenne Ligon is simply a CoinDesk quality newsman with a absorption connected crypto regularisation and policy. She has nary important crypto holdings.

The issuer of the second-biggest stablecoin has hired 2 caller executives to oversee argumentation and operations.

Centre, the consortium founded by Circle and Coinbase successful 2018 to govern USD Coin (USDC), announced Tuesday that Linda Jeng, a existent Georgetown instrumentality prof and erstwhile regulator with the U.S. Securities and Exchange Commission (SEC), would beryllium joining arsenic Centre’s main argumentation and regulatory officer.

Danielle Harold, erstwhile enforcement astatine the now-defunct Diem Association, volition articulation Centre arsenic main operating serviceman (COO).

As the planetary stablecoin marketplace continues to turn and pull the attention of lawmakers, Centre has taken steps – including becoming increasingly transparent astir USDC’s backing – to enactment successful regulators’ bully graces.

“I americium thrilled to invited executives of this caliber to our team,” said David Puth, CEO of Centre, said successful a property statement. “Both Linda and Danielle bring an abundance of acquisition that volition usher our enactment arsenic we make standards for the burgeoning blockchain space.”

USDC has a marketplace headdress of implicit $50 billion.

The Festival for the Decentralized World

Thursday - Sunday, June 9-12, 2022

Austin, Texas

Save a Seat Now

DISCLOSURE

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.

Cheyenne Ligon is simply a CoinDesk quality newsman with a absorption connected crypto regularisation and policy. She has nary important crypto holdings.

Cheyenne Ligon is simply a CoinDesk quality newsman with a absorption connected crypto regularisation and policy. She has nary important crypto holdings.


Sign up for Money Reimagined, our play newsletter exploring the translation of worth successful the integer age.

By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.

View source