480 Articles 334 Followers
$0.999935
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.
28 Dec 2022 1 minute read 1 comment ZeroRequiem
Hey Peeps! Japan had effectively banned all foreign Stablecoins after the collapse of TerraUSD, that triggered a liquidity crisis throughout the crypto market. On December 26th, Japan’s Financial Services Agency (FSA) announced new institutional...
25 Dec 2022 1 minute read 0 comments TrevorBalthrop
Helloooooooooo out there in the world of Crypto!Merry Christmas and Happy Holidays! My name is Trevor and today we got our next Daily Crypto PollThe goal for these Polls are to gather more insight into "Sentimental Analysis" behind the markets.It's...
24 Dec 2022 3 minute read 0 comments Fabrynar.
In the world of cryptocurrencies, stability is often hard to come by. Many digital assets are known for their high levels of price volatility, which can make them challenging to use in real-world transactions. This is where stablecoins come in. A sta...
23 Dec 2022 1 minute read 1 comment TrevorBalthrop
Helloooooooo out there in the world of Crypto! My name is Trevor and today we got our next Daily Crypto PollThe goal for these Polls are to gather more insight into "Sentimental Analysis" behind the markets.It's also a great way to catch bots on Twi...
22 Dec 2022 2 minute read 0 comments iPlayCrypto
This article is part of the iPlayCrypto collection. Visit iPlayCrypto’s blog for everything on crypto! In the ever-evolving world of cryptocurrencies, stablecoins play a vital role. They bridge the gap between volatile cryptocurrencies like Bitcoin a...
19 Dec 2022 1 minute read 2 comments Stormgain
Stablecoins are the link between fiat and cryptocurrencies and account for 16% of the crypto market. The shocks felt in 2022 have affected this sector, too, and led to a reduction in volume and a shift in individual preferences. For the past three ye...
13 Dec 2022 1 minute read 1 comment TwoDogsCaged
I have been reading and writing about the fall of FTX over the past month or so. I have also been reading about other cryptocurrency exchanges. Something caught my eye today that led me to raise the question: "Is Binance the next exchange to crumble?...
13 Dec 2022 2 minute read 11 comments PVM
I discovered PoolTogether during the scorching summer of 2022, and was a breeze a freshness in a year that was cursed. PoolTogether is that crypto-powered savings protocol based on Premium Bonds that helps users to save money. Additionally, all the p...
11 Dec 2022 1 minute read 2 comments Drake Flyer
Rumours are spreading! We are all expecting that another heavily leveraged cryptocurrency exchange will be the next crypto company to collapse. We might be wrong. Maybe another stablecoin is about to go down. Yes – I am talking about the rumours that...
6 Dec 2022 5 minute read 1 comment NOWPayments
Accept payments in Polygon Network NOW By now, pretty much every crypto enthusiast has either heard about or had hands-on experience with Ethereum’s scalability issues. High fees and a relatively slow transaction speed have always been a given fo...
