480 Articles 334 Followers
$0.999883
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.
8 Aug 2022 1 minute read 2 comments Bfab
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...
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...
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...
29 Jul 2022 4 minute read 0 comments Chill Music Organization
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...
26 Jul 2022 5 minute read 6 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...
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...
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...
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...
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...
9 Jul 2022 3 minute read 0 comments Krystal Wallet
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...
