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.


A Short Analysis of Four Stablecoins

24 Jun 2021 1 minute read 3 comments flarnrules

    In researching my most recent Flarnchain newsletter about Stablecoins, I took at look at the charts for four different stable coins: Tether (USDT), US Dollar Coin (USDC), DAI (DAI), and Ampleforth (AMPL). I don't want to spend too much time rewr...

Moving into Stablecoins? You May Want to Read This...

20 Jun 2021 5 minute read 11 comments AlucardLife

Moving into stablecoins is a good way to hedge against bear markets, to lock in gains, or to just give yourself a weekend breather. But not all stablecoins are created equal, and their stability is not anywhere near guaranteed. Anyone who tells you t...

What are Stablecoins and The Risks Involved.

19 Jun 2021 4 minute read 1 comment changteck

When people talk about cryptocurrency, the majority consensus is that it is a highly volatile and risky asset class that can make you a millionaire overnight or if you are not careful, turn $10,000 into $1 in a matter of minutes, just like the TITAN...

Stable coins

10 Jun 2021 1 minute read 0 comments Baneb

Stable coinsThe most obvious flaw of cryptocurrency is how fast the price can change (volatility), “Stable coins” were invented to solve this problem and make it much easier to make payments, accrue savings and loan to others.  Tether USDT, which al...

What Is A Stablecoin?

8 Jun 2021 3 minute read 0 comments Heath Muchena

Stablecoins provide their holders with special features, functions and protections that wouldn’t have been available to them if they would rather hold the underlying fiat currency or assets backing the stablecoins. Over the last few years, the world...

What Are Stablecoins and Why Your Business Needs Them

26 May 2021 3 minute read 0 comments GetBlock

Please, note that any information provided below is for informational purposes only and should not be treated as investment or financial advice of any kind. In a matter of days, a novel decentralized payment method can be seamlessly integrated into...

The Best Stable Coins

22 May 2021 1 minute read 0 comments Defiant Pathfinder

The crypto market is now flooded with stable coins, and for that reason investors and traders have to be cautious and make sure they do not buy scam tokens claiming to be stable. In this case when it comes to stable coin supply and market capitalizat...

The Power of Safe Haven in Crisis like this

19 May 2021 1 minute read 2 comments Defiant Pathfinder

The whole of the crypto market is bleeding, its like there is a Hiroshima or Nagasaki version 2. Every altcoins is sliding down as the bearish took control of the trend. I knew this day was coming and yesterday i forewarned in my previous article and...

Visa is the first payment network to make and accept payments in USDC

3 May 2021 1 minute read 0 comments dexigneer

We have a very good news for the crypto world. Visa has announced an important thing - For the first time, they made a bridge between the world of cryptocurrencies and traditional currencies. In this case they used USD Coin (USDC), stablecoin covered...

Circle (USDC) Turns States Evidence

2 Apr 2021 1 minute read 2 comments AlucardLife

The following is a warning about why never to use shitty US exchanges and to move towards decentralization at all costs. Circle, the company that created the popular USDC stablecoin, is being shaken down by the IRS for information. Although the artic...