USD Coin (USDC)

365 Articles 14 Followers

usdc
usd

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.


Base’s Fee Surge, Coincidence or Cash Grab

9 May 2025 1 minute read 0 comments Myxoplixx

It's a plot that doesn't need Shelock Holmes to deduce what's happening. In the same week that Stripe launched its new USDC payment and account products, Base, the Ethereum Layer 2 network backed by Coinbase, suddenly increased its transaction fees b...

Rejecting Ripple, Circle’s Big Bet

7 May 2025 2 minute read 2 comments Myxoplixx

In a bold move that highlights its confidence in independent growth, Circle Internet Financial, the issuer of the $61 billion USDC stablecoin, recently rejected a $4 to $5 billion acquisition offer from Ripple Labs, the blockchain payments company be...

Latest Crypto News: Mastercard Adds Stablecoins, NC Plans Bitcoin Buy & Ripple Bid

6 May 2025 8 minute read 4 comments StealthEX

Crypto never sleeps. Neither should you. Each week, StealthEX and CryptoDaily break down the biggest crypto news. Curious what’s happening right now? Our quick updates make crypto easy to follow. You’ll get simple insights into the latest trends. Alw...

Mastercard and Visa Crypto updates

5 May 2025 1 minute read 1 comment Keith Thuerk

Mastercard and Visa Crypto updates   The worlds two largest credit card issuers continue to advance support Crypto in their own respective manners!   Mastercard adds crypto stablecoin settlement support for merchants. Mastercard teamed up with OKX ex...

Crypto Built in America: 3 U.S. Projects That Might Save Your Portfolio in 2025

1 May 2025 2 minute read 0 comments NickG

Everyone’s out here riding memecoins and praying to the Solana gods. Cool. But when the next regulatory storm hits?You better be holding assets that can stand in front of Congress and survive. America’s setting up the new crypto order.And these thre...

Mastercard Bridges Crypto And Commerce: Stablecoins Go Mainstream

30 Apr 2025 2 minute read 2 comments Myxoplixx

Mastercard has just made a major move in the world of digital payments by connecting over 150 million merchants to stablecoin transactions, with a focus on USDC (USD Coin). This new infrastructure allows people to spend stablecoins directly from thei...

Conor McGregor’s REAL Token Flops in Presale: What Went Wrong and What’s Next?

11 Apr 2025 2 minute read 0 comments Mahoony

The former UFC champion’s high-profile crypto launch failed to meet funding goals despite heavy promotion and celebrity backing. REAL, a cryptocurrency project backed by MMA superstar Conor McGregor and developed by Real World Gaming (RWG), has faile...

Circle considers IPO delay amid economic uncertainty

7 Apr 2025 1 minute read 0 comments Patate

Hi everyone! This is Patate talking to you about the future Circle IPO. The creator of USDC, Circle, has been planning to go public in April. According to their earnings, the dollar pegged token issuer had $1.67 billion in revenue for 2024, which is...

Stablecoin Shuffle: Why Investors Are Actively Diversifying Their Portfolios in April 2025

6 Apr 2025 1 minute read 0 comments ChangeNOW

Early April has fueled the stablecoin volatility fire — this time not with price only, but perception and confidence. As regulators start to usher in new paradigms and news media bring the spotlight to the promises (and risks) of stable digital dolla...

Stablecoins are not Securities According to the SEC, but USDT May be an Exception.

6 Apr 2025 2 minute read 0 comments Talha.Khalid

A new assessment by the U.S. Securities and Exchange Commission (SEC) offers new insights into the classification of cryptoassets, as a way to guide their regulation.  This time, the agency's Division of Corporation Finance is focusing on stablecoins...