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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.
8 Mar 2021 2 minute read 0 comments ScreenTag
As you may know, tokens are divided into two main classes: utility tokens and securities tokens. And while there are thousands of utility tokens, there is no token that falls into the tokenized security class. This is because tokenized securities nee...
26 Feb 2021 1 minute read 0 comments Kimbo
I’m not a smart man. I’ve just learned to ask questions and research. Here to share what I've found. No fluff. No BS. Not financial advice 3 steps to earning a passive income Step 1) Purchase BTC, ETH, or USDC on Coinbase Step 2) Sign up for Blockfi...
18 Feb 2021 1 minute read 1 comment renangeographia
Pool-X will be launching USDT and USDC Fixed Staking campaigns together with the Algorand (ALGO) project at 10:00:00 on February 19, 2021 (UTC). The available staking products are “USDT-ASA-21D” and “USDC-ASA-21D”, both enjoy an APR of 16% (excluding...
16 Feb 2021 5 minute read 1 comment Good$ News Podcast w/ Micah Dewey
FUSE Wallet On-Ramp Live! How to Buy GoodDollar Fuse with Card | Good$ News 2-16-21 -INTRO Hello, Hello, Hello! Ladies, gentlemen and everyone in between, this is your daily dose of GoodDollar News brought to you by me, your host and fellow Basic In...
13 Feb 2021 1 minute read 0 comments renangeographia
Algorand is fast, secure and public blockchain. Algorand Inc. developed the first open source, public and pure proof-of-stake blockchain protocol (Pure PoS), aimed at the new generation of financial products. This blockchain, the Algorand protocol, w...
11 Feb 2021 1 minute read 0 comments renangeographia
The world-leading cryptocurrency spot and derivatives exchange, is adding support for stablecoin giants USDT and USDC on the high-performance smart contract blockchain Algorand (USDTa and USDCa). This continued collaboration between OKEx and Algo...
10 Feb 2021 1 minute read 0 comments renangeographia
Huge news from Algorand and KuCoin boys! To continue offering the most cost-effective transaction methods for users, KuCoin now supports deposits and withdrawals for Tether (USDT) and USD Coin (USDC) on Algorand. Users can now deposit and withdr...
4 Feb 2021 1 minute read 0 comments KHubbard
Miami Mayor Francis Suarez has announced city employees could soon choose to get their salaries paid in Bitcoin rather than USD. This is a big move towards further adoption as more people have the option of being paid in Bitcoin and another municipal...
3 Feb 2021 2 minute read 8 comments The Part Time Economist
Yesterday, the Stellar Network officially announced that they will be supporting the USDC coin. This partnership means that it will now be possible to send a well known, stable, US dollar-denominated asset anywhere in the world for fractions of a cen...
3 Feb 2021 1 minute read 1 comment Keith Thuerk
USDC is now live on Stellar Blockchain With this Go live event USDC (aka USD Coin) now is live on four (4) Blockchains! You may recall that USDC is the second largest stablecoin behind Tether. USDC was launched in '18 and it currently has $6 tokens...
