Republic, the world’s largest online capital formation platform, will soon accept dollar-based stablecoin USDC.
USDC is issued by Circle and is the second largest stablecoin in the market – the other being Tether. While USDC may be in second place, many expect it to vault into the top spot, as the company has always prioritized compliance.
Republic follows several other large platforms engaged in online capital formation.
In an email, Republic explained that the passage of the GENIUS Act into law was a significant leap for the digital asset sector:
By first defining what qualifies as a “stablecoin” and then mandating that issuers of those defined tokens hold 100 % backing in high‑quality reserves—such as U.S. Treasury bills or FDIC‑insured bank deposits—the GENIUS Act provides guidance on the potential stability and security of these assets for both institutions and investors.
Republic added that the GENIUS Act paves the way for other legal reform, most likely referencing the CLARITY Act, which is now in the hands of the Senate. The CLARITY Act is a market infrastructure bill that will benefit not just traditional finance but innovative finance like Republic.
Republic has also announced a series of tokenized private securities, or mirror tokens, as well as a private market fund available for investors. Tokenization and digital securities will transform all securities crowdfunding providers.