The battle for the best stablecoin culminates. Tether’s USDT is still in the first place. However, the USDC from Circle is starting to breathe down his neck, which announced a major update.
USDC vs. USDT
The second largest stablecoin on the crypto market, the USDC has announced a very important update. Circle has agreed to work with the company AngelList. According to a joint announcement between the two companies, Circle will now use stablecoin USDC as a tool to finance start-ups on AngelList.
Introducing USDC Enabled Funds.
Investors can now invest via USDC in any USDC-enabled syndicate or fund. pic.twitter.com/Vpx6dXj1W9
– AngelList (@AngelList) September 28, 2021
What’s behind that?
This is a relatively simple process. Venture capital investors can take their funds in the form stablecoin USDC invest in companies or funds that support a given stablecoin.
The CEO of Circle also commented on the significant cooperation, Jeremy Allaire, according to which this is an important step that can significantly help start-ups:
“I am very pleased to be able to work with AngelList on one of the fastest growing ways to finance startups.”
USD Coin therefore gets into the AngelList offer. This momentum can significantly streamline and, in particular, democratize the way in which start-up projects are financed.
In any case, the AngelList platform is working hard on further updates. USDC integration is part of the development of the so-called AngelList Stack. Clients will thus have a comprehensive platform with the latest product packages at their disposal.