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USD Coin (USDC) is a stablecoin released by popular exchange Coinbase in collaboration with payments company Circle in 2018. Backed by the US Dollar on a 1:1 ratio, the token is an ERC-20 token that can be purchased on Coinbase’s platform. Coinbase has said that it chose the Ethereum protocol because of its smart contract capabilities and strong developer support.
Like other stablecoins, it is intended to help traders overcome the volatility of the market. Coinbase has said that it is part of its mission is to “build an open financial system for the world”, and it does indeed allow anyone from across the world to purchase the stablecoin and use it for trading and various services.
Stablecoins often receive scrutiny relating to whether or not the issuing entity has enough reserves to back every token up, but Coinbase assures users that the holding accounts are closely monitored and audited. USD Coin is an example of a fiat-backed stablecoin, which is often what receives the greatest scrutiny.
Having one very specific purpose, there is not much in the way of development news for USD Coin. Coinbase is however working on making it more widely available, including on more exchanges and services.
4 Jul 2020 1 minute read 0 comments InsanisFox
The stablecoin capitalization continues to grow, recently the value of USDT (Tether) exceeded $ 10 billion. This coin was able to get into the top three leading digital currencies. Observers note that stablecoins provided with fiat money are very pop...
1 Jul 2020 1 minute read 0 comments WhaleTailMining
What is BlockFi? If you would like to earn up to 8.6% interest annually on your cryptocurrency by parking it in a high interest account, I encourage you to check out BlockFi. Blockfi lets you put your crypto to work by earning you monthly interest pa...
25 Jun 2020 1 minute read 0 comments NewCreationCapital
Audio: Video: Join The New Creation Cronies Telegram Group In Episode 85: A big announcement was made that USDC will use Algorand as their blockchain. This is our Story of the Day Story Related Links: USDC chooses Algorand Algorand.com Online...
25 Jun 2020 1 minute read 4 comments Abhi K
According to an announcement made on June 24, Circle and Coinbase backed stablecoin USD Coin (USDC) will begin to support more blockchains in the months to come, starting with the Algorand (ALGO) blockchain. The Centre Consortium announced that it...
19 Jun 2020 1 minute read 0 comments MrBitcoin
Earning With Stablecoins and more. https://app.bankofhodlers.com We provide 11% interest on all our supported stablecoins - USDT, USDC, TUSD, PAX, BUSD and DAI Stablecoins are cryptocurrencies that are pegged to an external reference, with the mos...
17 Jun 2020 1 minute read 0 comments Mabla
People will always want to buy something which is of use not just to buy for the sake of buying. Crypto currencies are now popular and their market capitalization is always increasing, from $10 billion in 2013 to $566 billion in 2017 then on 2018 it...
17 Jun 2020 2 minute read 0 comments Mabla
At beginning of the bitcoin Era around 2010 2 pizzas were bought with 10 000 bitcoin. since bitcoin was claimed to be capable of replacing the current traditional payment system and it proved it can then that’s when people started to adopt bitcoin an...
15 Jun 2020 1 minute read 1 comment Mabla
As the name mentions it is self-explanatory, these coins are very safe and wise to purchase currently. For the past few days the crypto market has been falling due to some factors and investors are losing the value of their money stored in the crypto...
14 Jun 2020 1 minute read 0 comments Panzer
BitPay just launched a prepaid Mastercard that lets US customers instantly convert their crypto into fiat without conversion fees and can then spentd it anywhere Mastercard debit is accepted around the world. The customers can also use their cards on...
12 Jun 2020 7 minute read 2 comments Crypto adict (Manu VZ)
NO CRYPTO EXPERIENCE REQUIRED. There is a growing market participating in Decentralized Finance (DeFi), a system with which PoolTogether interacts and that increasingly attracts more people, both specialists and curious. PoolTogether is not only a ne...
