Marshall Islands
Algorand was selected to power the first national digital currency, known as the SOV, which will circulate alongside the US dollar and help the Marshall Islands efficiently operate in the global economy.
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle's platform has supported over 100 million transactions worth tens of billions of dollars, with nearly 10 million retail customers, over a thousand businesses, while storing and securing more than $5 billion in digital currency assets. Circle's USDC is the fastest growing full-reserve stablecoin in the world, with 2.3 Billion in circulation.
Algorand will be the first blockchain with a stablecoin implementation based on that framework that is Powered by USDC. This will allow people to easily move funds between traditional banks and card networks to digital dollars on the Algorand blockchain. Algorand is helping Circle and USDC create a foundation for developing a wide range of scalable, secure and compliant financial applications. Algorand also brings unparalleled speed with low transaction fees needed to power Stablecoins.
Algorand CEO Steve Kokinos and Jeremy discuss the Centre, Circle and Algorand partnership
Algorand founder, Turing Award winner, and MIT professor, Silvio Micali, shares his thoughts on the state of the Algorand blockchain the major innovations coming down the road, including the implications for the use of USDC. Algorand CEO, Steve Kokinos, discusses the incredible trajectory of the organization, the fast-growing global community, and industry and use-case priorities as we round out 2020.
Algorand was selected to power the first national digital currency, known as the SOV, which will circulate alongside the US dollar and help the Marshall Islands efficiently operate in the global economy.