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Goldman Sachs Launches Cryptocurrency, Digital Version Of US Dollar

Goldman Sachs Launches Cryptocurrency

A new cryptocurrency is being launched by Circle, a payment startup owned by Goldman Sachs.

Circle USD Coin, the new cryptocurrency, is precisely a digital version of the US dollar, which will be a faster, better and more secure version of the US dollar and could one day be accepted anywhere that takes traditional currencies.

Goldman Sachs Launches Cryptocurrency

The USD Coin is the first cryptocurrency released by a major financial institution. Circle doesn’t want its USD Coin to be subject to the instability and inflation inherent to other unregulated cryptocurrencies, so it will tie the value of a coin to that of a US dollar, according to CNBC.