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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.
28 Jun 2021 8 minute read 10 comments Hamminy $0.27
Been hearing about Tether (USDT) FUD for as long as I've been in crypto. Now's the first time that I have enough information to provide an informed opinion on the subject. So yeah. TL;DR — You take risk regardless of the financial system you choose t...
26 Jun 2021 2 minute read 3 comments PVM $2.40
I started the SuperUMAns series less than a month ago and UMA feels like an endless pool of topics. The protocol evolves so quickly and the superUMAns are amazing. They are working hard to create new campaigns and to implement the UMA's unique featur...
25 Jun 2021 7 minute read 1 comment MathTiger $0.10
This article is part of a series analyzing stablecoins pegged to the United States Dollar (USD). Are all stablecoins equally stable? In the coming weeks, I plan to analyze and rank each of the main stablecoins in the crypto ecosystem, in terms of s...
24 Jun 2021 1 minute read 3 comments flarnrules $0.34
In researching my most recent Flarnchain newsletter about Stablecoins, I took at look at the charts for four different stable coins: Tether (USDT), US Dollar Coin (USDC), DAI (DAI), and Ampleforth (AMPL). I don't want to spend too much time rewr...
20 Jun 2021 5 minute read 11 comments Hamminy $0.29
Moving into stablecoins is a good way to hedge against bear markets, to lock in gains, or to just give yourself a weekend breather. But not all stablecoins are created equal, and their stability is not anywhere near guaranteed. Anyone who tells you t...
19 Jun 2021 4 minute read 1 comment changteck $0.14
When people talk about cryptocurrency, the majority consensus is that it is a highly volatile and risky asset class that can make you a millionaire overnight or if you are not careful, turn $10,000 into $1 in a matter of minutes, just like the TITAN...
10 Jun 2021 1 minute read 0 comments Baneb $0.00
Stable coinsThe most obvious flaw of cryptocurrency is how fast the price can change (volatility), “Stable coins” were invented to solve this problem and make it much easier to make payments, accrue savings and loan to others. Tether USDT, which al...
8 Jun 2021 3 minute read 0 comments Heath Muchena $0.88
Stablecoins provide their holders with special features, functions and protections that wouldn’t have been available to them if they would rather hold the underlying fiat currency or assets backing the stablecoins. Over the last few years, the world...
26 May 2021 3 minute read 0 comments GetBlock $0.46
Please, note that any information provided below is for informational purposes only and should not be treated as investment or financial advice of any kind. In a matter of days, a novel decentralized payment method can be seamlessly integrated into...
22 May 2021 1 minute read 0 comments Defiant Pathfinder $0.08
The crypto market is now flooded with stable coins, and for that reason investors and traders have to be cautious and make sure they do not buy scam tokens claiming to be stable. In this case when it comes to stable coin supply and market capitalizat...
