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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.

SuperUMAns #31 - Tetu KPI options and my passive income

12 Aug 2022 3 minute read 0 comments PVMihalache

We had an amazing party at the end of Q2 and we went back to work after. Quarter 3 of 2022 is about rasing the TVL and the implementation of Outcome tools. Risk Labs, the team behind UMA and AcrossProtocol launched Outcome Finance to help DAOs that...

MakerDAO protocol is considering separating from USDC

12 Aug 2022 1 minute read 1 comment The Crazy Dude

  Hello! The Tornado Cash case has been on the table since the US Treasury Department sanctioned the protocol and several of the accounts that interacted with the mixer were banned. Given the sanctions, several companies such as Circle and dxdy have...

After the Ethereum Merge, Both Circle and Tether Only to Support Ethereum PoS

11 Aug 2022 5 minute read 1 comment kev_nag

Introduction By now, that is unless you have been living under a rock, you must be aware of the upcoming merger of Ethereum giving rise to Ethereum 2.0 - Ethereum with a Proof of Stake consensus. Nonetheless, at that time a fork of the Ethereum chain...

Top Stablecoins to Buy in 2022

10 Aug 2022 9 minute read 0 comments UniFarm

Despite of widespread adoption of cryptocurrencies by traders across the world to build incredible profits through their investment portfolios, there is still a considerable population of investors who refrain from including cryptocurrencies in their...

Should You Buy Optimism (OP) Token?

8 Aug 2022 1 minute read 2 comments Cryptofab

Optimism (OP) has outperformed most of the other cryptos in the last 30 days. Further to the latest pump, it has a bit corrected. Will its price pump again or just start to dump? Optimism (OP) token utility Optimism (OP) token is the governance token...

How to get Real Yield with UMAMI USDC vault

6 Aug 2022 1 minute read 2 comments Suerte Panda

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears! ) Well, it’s been a tough 2022. However there are a few bright spots in the crypto space. One of them is Umami Finance. Guess what? They pay out...

Circle and USDC Close to Bankruptcy? FUD or Not? Bitcoin Could Once Again Save the Day.

3 Aug 2022 2 minute read 2 comments ssaurel

Stablecoins have been going through a particularly difficult time in recent months. The current Bear Market has brought to light the bad practices of some and even the scams that the Bull Market may have previously masked. Since the collapse of the U...

Shocking: Coinbase Does Something Smart

30 Jul 2022 1 minute read 2 comments 1securemf

Coinbase's Newest Fiat Features I've used nearly every major American cryptocurrency exchange and have never been a Coinbase enthusiast. In more ways than many, I believe Binance.US and Kraken are superior CEXs.  However, Coinbase is now my preferred...

KuCoin's New Crypto: USDT NFT ETF

29 Jul 2022 4 minute read 0 comments Cryptocurrency Webcam

As of last month, USDC and USDT are the two hottest cryptocurrencies in the cryptocurrency world, but what is the true value of KuCoin's new crypto-USDT paired Futures? This article will shed some light on the subject. Also, learn about KuCoin's pla...

Payments: Still The Killer Crypto App

27 Jul 2022 6 minute read 0 comments Faybomb

Eric July is a fellow content creator who I’ve enjoyed watching for a while. He goes by YoungRippa59 on YouTube. He’s a musician, a writer, a vlog host; and now a comic book company builder as well. Eric is a passionate individual. He’s very open abo...