Founded in 2018, the CENTRE consortium, a is partnership between Circle and Coinbase created to develop price-stable crypto assets and network protocols.
CENTRE consists of price-stable crypto assets, network protocols, and business rules which were implemented in early form over the past several years by Circle, where the existing technology supports significant active daily transaction volume. CENTRE plans to create a network scheme to manage the creation, redemption, and flow of these assets under a new organization independent and separate from Circle