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I've also been under the (possibly incorrect) impression that the majority of Circle's dealings are with exchanges like Coinbase — parties who are probably will

I've also been under the (possibly incorrect) impression that the majority of Circle's dealings are with exchanges like Coinbase — parties who are probably willing and able to play some inside baseball in terms of dealing with duration mismatch and waiting out the feds. Edit: Yeah, they are very strict with who they interact with — individuals cannot exchange their USDC for dollars directly with Circle: https://www.circle.com/en/legal/acceptable-use-policy https://www.circle.com/en/legal/acceptable-use-policy.

TacticalCoder 4y ago
> I've also been under the (possibly incorrect) impression that the majority of Circle's dealings are with exchanges like Coinbase Circle belongs to Coinbase AFAIK. EDIT: ah I was wrong, after reading the comment below I googled and Coinbase+Circle created the "Centre" venture and they're 50/50 in it. And Centre is the company which launched the USDC stablecoin. So Coinbase doesn't own Circle but owns 50% of Centre.
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