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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.
1 Jan 2021 4 minute read 6 comments Hamminy $7.17
The new rave in defi right now is the algorithmic stablecoin. These are protocols that use a mix of monetary policies rather than a secured asset to maintain a stable peg. They seem very hard to understand, but the only thing you need to understand i...
9 Dec 2020 1 minute read 4 comments author_nan $4.44
Circle CEO Jeremy Allaire, speaking at the Singapore Fintech Festival, said that he expects third generation blockchains to encompass “hundreds of millions, if not billions of users.” Allaire made the remarks in a panel discussion on the topic of wh...
4 Dec 2020 1 minute read 2 comments XTRM™ $0.32
The world of credit cards moved a step closer to using cryptocurrency within merchant payment systems as VISA one of the largest credit card lenders teamed up with Circle and their Ethereum based Stablecoin USDC. In short this is quite the coup for b...
3 Dec 2020 1 minute read 1 comment author_nan $0.71
Visa has partnered with Circle to integrate USDC into its payments network, according to a Forbes report on Dec. 3. Visa announced that it will bring the USDC stablecoin to the 60 million merchants on its payments network The payments firm will not...
1 Dec 2020 1 minute read 13 comments bobby d!gital $1.71
Algorand, another reason to be bullish this season. Algorand is moving forward with growth and development by launching a Global Partner Program focusing on something that every project needs, adoption of blockchain powered products and services. Al...
24 Nov 2020 1 minute read 2 comments ScreenTag $0.70
At this point we are changing our portfolio threshold to 5% up (sell) and 15% down (buy), as a price correction is imminent. Market has been surging sharply for the past few days, leading ETH price from $460 to over $600 (+30%). All earnings accumula...
11 Nov 2020 1 minute read 0 comments Numio $0.71
Numio, a startup of the year finalist, has brought Ethereum Layer 2 to mobile so you can make fast and cheap transfers while still holding your own private keys. Whats Inside? zkRollups zkRollups allow you to make fast and cheap transfers whil...
18 Oct 2020 1 minute read 3 comments WhiteWalrus $0.78
Here is the October 2020 promo from BlockFi. If you have $10k in fiat you need to put in savings and keep it liquid, I recommend you park it at BlockFi for a few months at least. This way, you'll get the sign up bonus of $275. The link to sign up fo...
17 Oct 2020 2 minute read 3 comments Heruvim78 $0.87
In accordance with the open voted proposal, SUN regular mining welcomes its much-anticipated second round of output reduction so, after the usual chit-chat, the SUN community has agreed to further cut SUN mining output by 30% to better promote the v...
17 Oct 2020 4 minute read 36 comments Thomas Wolf $26.67
Coinbase has just launched another opportunity to earn $10 to $53 USD in free Compound (COMP) by demonstrating a smart-contract setup in Coinbase Wallet mobile app linked to Coinbase accounts.“I’m a great believer in luck, and I find the harder I wor...
