The collaboration between TBD and Circle aims to lay the foundation to access stablecoins globally, so developers can build upon the infrastructure and crypto wallet providers can plug into the open-source protocol. This includes building the sufficient links – on-ramps and off-ramps – between the traditional government-issued (fiat) currencies and blockchain-based digital currencies.
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Jack Dorsey’s TBD teams up with Circle to take US dollar stablecoin savings and remittances global
“The U.S. dollar is the reserve currency today, and we think bitcoin might be the reserve currency of tomorrow. Stablecoins are the bridge in between,” Emily Chiu, TBD’s chief operating officer, told CoinDesk.
