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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.

CIRCLE? Jerkin' us around? USDC is Stablecoin's "Mother of all Blackboxes"? Let's take a look

26 Jul 2022 5 minute read 5 comments Thunderboltkid

Wow. I have read some 'brow raising'  blasts in the past, however 'hat's off' to Matt Taibbi (a former award winning writer @ Rolling Stone, whatever that means) for takin' his 'Gloves off' on a recent post about CIRCLE 's propensity to spin their ya...

Interest Grows For A Digital Dollar - Know All The Details

25 Jul 2022 2 minute read 0 comments Rubikkav

In the midst of the inflationary world context, and after the euphoria that we saw in the stock and crypto markets last year, Latin American currencies have seen their value decrease in relation to the US dollar. This is what the value curve of the d...

Coinbase to face Lawsuit on charges on Infringement - Circle USDC also in hot water!!

22 Jul 2022 1 minute read 0 comments Trey Trillionaire

Crypto Exchanges under fire yet again! During an interview with Reggie Middleton, one of the co-founders of Veritaseum, who revealed the infringements made by several crypto exchanges. Coinbase is one of the biggest names on the list of companies who...

The end of USDC?

15 Jul 2022 2 minute read 0 comments ShadowCrypto

Good morning, afternoon, and evening investor, how are you? The end of USDC or USDT? CoinEx - Nice Crypto Exchange with the Lowest withdraw Fees I've Ever Seen! USDT BEP20 withdraw Fees 0,5$, Trc20 0,6$, this is the lowest withdrawal fee I've seen s...

RANT: the Euro is f***d. And it has been from the start

11 Jul 2022 2 minute read 0 comments LeftFooted

I wish to state from the outset that I was born and raised in a country that's been part of the European Union from the start. It wasn't even called that back then. When I was around 14 years old, we gave up our old currency and switched to the EURO...

Sorting out the rumors around $USDC

10 Jul 2022 6 minute read 1 comment Messin' With Cryptos

For me FUD is sort of a double-edged sword, it’s annoying especially if it’s not true and it eats up a lot of your time and resources, but on the other hand it really pushes me to do a deep dive on my own accord to see what’s behind the curtain of an...

Krystal Newsflash (8th July 2022)

9 Jul 2022 3 minute read 0 comments Krystal DeFi

Welcome to our recap of the major stories in the crypto world! Here’s what has happened over the past week: ⛽️ Low gas fees on Ethereum With the crypto bear market in full swing, the cost of gas fees on the Ethereum blockchain has plummeted. A drop...

Which cryptos are part of my Infinity Gauntlet?

7 Jul 2022 3 minute read 2 comments Suerte Panda

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!) Well frens, it’s been a grim 2022. Thank goodness year’s half over. We still need to survive for the next two years. Why two years Panda? I’m m...

How USDT Works - Is It Safe?

5 Jul 2022 2 minute read 0 comments Cryptofab

Tether (USDT) is the most popular stablecoin and the third crypto in the world in market cap, just after Bitcoin (BTC) and Ethereum (ETH). Further to UST crash, USDT temporarily lost its peg to USD, down to $0.92. If USDT collapses like UST did, it w...

Krystal Newsflash (1st July 2022)

2 Jul 2022 2 minute read 0 comments Krystal DeFi

Welcome to our recap of the major stories in the crypto world! Here’s what has happened over the past week: 3AC Liquidated After weeks of uncertainty around the hedge fund, 3 Arrows Capital (3AC) has been ordered by a court in the British Virgin Isla...