Payment technology company and stablecoin USDCowner of circle, announced today that it is the first easily accessible MetaMask corporate wallet. Verite PUK announced that it has created (know your business) credentials.
Circle Seeks Institutional Adoption of Stablecoin USDC on DeFi And Web3
Supporting Circle, Verite KYB credentials and USDC to gain access with stablecoin DeFi unsecured lending protocol TrueFi partnered with.
During the ConvergeSF22 crypto conference, Circle announced a partnership with DeFi unsecured lending protocol TrueFi to offer the first decentralized Verite KYB credentials.
It also supports access to TrueFi’s permissioned lending platform with USDC stablecoin.
Verite was introduced in February of this year as an open-source framework for decentralized credentialing, storage, and verification.
Center Consortium and Circle, institutions’ DeFi and Web3He developed Verite to enable them to participate in and build trust with others.
Related Content: USDC Stablecoin Coming to Cosmos (ATOM) Network!
Between them coinbase, FTX and ConsenSysIt is thought that many industry leaders, including , will support Verite.
Moreover Algorand, Compound Labs, Espresso Systems, Hedera Hashgraph, Ledger, MetaMask Institutional, Phantom Technologies, Solana Foundation, Spruce, and Stellar Development Foundation plans to collaborate on identity standards.
USDC Market Value Continues to Fall
market value of USDC Tether (USDT) Circle is pushing for USDC adoption across every industry.
USDC market cap dropped below $50 billion. In September, its market capitalization fell from $52.26 billion to $47.26 billion.
*Not investment advice.