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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.
11 Jun 2025 1 minute read 0 comments Talha.Khalid $0.10
The Senate voted today to invoke the closure of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The cloture motion, which received 68 votes in favor and 30 against, thus obtaining approval, is a procedural measure...
7 Jun 2025 2 minute read 0 comments Myxoplixx $0.16
The world of stablecoins is experiencing unprecedented growth, with Tether’s USDT recently moving over $1 trillion in monthly volume, a staggering figure that highlights just how central USDT has become to the crypto ecosystem. Most of this activity...
2 Jun 2025 1 minute read 0 comments LeftFooted $0.04
Circle, the company behind USDC, is raising the bar ahead of its IPO. The company originally said they were aiming to raise between $400 million and $500 million but now they're saying it's going to be $896 million. They made the announcement today...
30 May 2025 1 minute read 0 comments LeftFooted $0.14
Circle, the company behind the USDC stablecoin, is going to go public, like Coinbase. Apparently, BlackRock is planning to buy a 10 percent stake in Circle’s upcoming initial public offering (IPO). For reference, Circle is aiming to raise $624 mill...
29 May 2025 3 minute read 0 comments Myxoplixx $0.15
Circle Internet Group, the company behind the USDC stablecoin, has launched one of the most anticipated initial public offerings (IPO) of 2025, with shares priced between $24.00 and $26.00 and a potential valuation around $6 billion. What makes this...
27 May 2025 1 minute read 2 comments LeftFooted $0.13
Look, I like cars and I like crypto, but this is dumb. DMC, as in DeLorean Motor Company, brought back the new DMC-12 (even though they call it Alpha5), a homage to the original car used in the Back to the Future trilogy, in electric form. It looks...
22 May 2025 2 minute read 0 comments Vinn $0.01
Bridging USDC (USD Coin) to the XDC Network is a crucial step for users and organizations aiming to leverage XDC's efficient blockchain ecosystem for activities such as grant disbursements, decentralized finance (DeFi) operations, and cross-chain tra...
18 May 2025 1 minute read 0 comments Myxoplixx $0.22
USDC has emerged as a powerful force in the stablecoin market with a record market cap that reached $60.3B by the end of March 2025. Over the previous year its circulating supply grew by 80% and it added more than $16B between January and March 2025....
9 May 2025 1 minute read 0 comments Myxoplixx $0.16
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...
7 May 2025 2 minute read 2 comments Myxoplixx $0.35
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...
