Circle launches institutional digital identity system based on Verit

Chain Catcher news, USDC issuer Circle announced the launch of an institutional digital identity system based on the open-source framework Verit for issuing, custodying, and verifying 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 permitted on-chain activities. (Source link)