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USD Coin (USDC)

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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.


USDC supported on Algorand Blockchain, ALGO price increased by 20%

10 Sep 2020 1 minute read 0 comments HenryDo

The Center's USDC stablecoin is currently backed by the Algorand blockchain, the second blockchain to support stablecoins. USDC is the second largest stablecoin after Tether with over 7% of the global market share, and although USDC is less popular t...

Canadian Stablecoin Platform Comparison

8 Sep 2020 1 minute read 4 comments cryptoforcanadians

In one of my previous posts, I wrote about how PayTrie's a convenient way to buy stablecoins in Canada. As there are other platforms in Canada that I have learned about that also sell stablecoins since publishing that post, I thought I'd write a new...

Centralized StableCoin Problem

2 Sep 2020 1 minute read 0 comments Simplify Crypto

Last month, we saw news related with USDC address black listed by Center and for to much people it was a suprise. For me this was not a suprise because we are talking about centralized coins so the company can do what they want to address like blackl...

Announcement: We’ve updated NerveNetwork to Version 1.3.0

31 Aug 2020 1 minute read 0 comments NULS

Dear NerveNetwork community members, we are thrilled to announce that a new version of the amount of the node staking adjustment and service fee adjustment has been officially released. This version also provides support for USDT/PAX/DAI/USDC immedia...

Binance Launches DeFi Savings Feature that Includes Random DeFi Token Bonuses

17 Aug 2020 1 minute read 0 comments Abhi K

On August 14, crypto exchange Binance launched a new savings product in a bid to attract users to DeFi. Users will receive a 14.8% APY rate on Binance savings, with random DeFi bonuses as an additional incentive.  New product has a DeFi bonus on top...

Ahem | How Nexo turned $2k into $10k

16 Aug 2020 1 minute read 2 comments Bayarizard

*Ahermm* I just wanted to show how the scheme concocted in here in picture form: turning USD$2,000 into almost $10,000 worth of Stablecoins (split between Pax and USDC) using my Nexo account. *Yes, I asked permission beforehand; and no, I don't show...

BlockFi Update! - 8.13.2020

13 Aug 2020 1 minute read 2 comments Snarf

BlockFi To keep things crypto related and to keep the interest of most of my followers on here, I have decided to try and keep everyone more informed about my crypto antics.      Right now I try to store all currencies at BlockFi to take advantage...

11.08.2020 - Another day in Cryptoverse

11 Aug 2020 4 minute read 4 comments Heruvim78

Ho! Ho! Ho! Grayscale decided to bring crypto into everyone's home. Check this ad that just made its way into the American TV medium.  Look at this worderful coins. JUST is still going up, for how long, i do not know, almost make me feel bad that...

Aave Tokens Are Not Tracked On CoinMarketCap

15 Jul 2020 2 minute read 0 comments Creepto

Disclaimer: I do not represent, nor get compensated by any of the companies or projects mentioned in this article. I do not recommend using any of the products mentioned here - please do your own due diligence before risking your hard-earned money. A...

Tether blocks another $ 1.58 million in USDT on Ethereum blockchain

12 Jul 2020 1 minute read 0 comments Kluma

The number of Tether blacklisted addresses with USDT using the ERC-20 protocol has reached forty, according to Dune Analytics . On July 10, the stablecoin issuer froze a $ 1.58 million wallet with assets.   Dune Analytics was launched by Ethere...