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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.
15 Jul 2022 2 minute read 0 comments ShadowCrypto $0.21
Good morning, afternoon, and evening investor, how are you? The end of USDC or USDT? CoinEx - Nice Crypto Exchange with the Lowest withdraw Fees I've Ever Seen! USDT BEP20 withdraw Fees 0,5$, Trc20 0,6$, this is the lowest withdrawal fee I've seen s...
11 Jul 2022 2 minute read 0 comments LeftFooted $0.38
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 $2.18
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 $1.03
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...
7 Jul 2022 3 minute read 2 comments Suerte Panda $1.31
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...
5 Jul 2022 2 minute read 0 comments Bfab $0.16
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...
2 Jul 2022 2 minute read 0 comments Krystal Wallet $0.80
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...
29 Jun 2022 5 minute read 0 comments CryptoMasterMiner $0.41
I'm a huge fan of yield farming and specialize in Tomb Forks on the Binance Smart Chain (BSC) due to the low fees on the network and many options that exist. Tomb Forks are protocols that take the code from the Tomb Finance protocol. These protocols...
28 Jun 2022 3 minute read 0 comments Cje95 $0.93
By now I am pretty sure we all knew that it was only a matter of time before 3AC issues were going to officially be public. Really up until today, there was always an off chance that they could have been saved somehow by someone and dodged the prover...
23 Jun 2022 2 minute read 1 comment Cje95 $0.54
Given the current macroeconomic climate industries across the board are reeling from the disappearance of "cheap money" and increase in interest rates. Crypto has been hit especially hard ever since LUNA crashed followed by Celsius and Three Arrows....
