Circle launches Verit-based institutional digital identity system

10/01 06:10

USDC issuer Circle announced the launch of an institutional digital identity system based on Verit, an open-source framework for the issuance, custody and verification of decentralized identity credentials. Institutions with Circle accounts and MetaMask institutional wallets can apply for KYB (Know Your Business) credentials, enabling web and mobile applications and smart contracts to verify user permissions (including usage rights, time, location, etc.) for licensing. On-chain activity.
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