480 Articles 334 Followers
$0.999891
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.
2 Sep 2020 1 minute read 0 comments Simplify Crypto
Last month, we saw news related with USDC address black listed by Center and for to much people it was a suprise. For me this was not a suprise because we are talking about centralized coins so the company can do what they want to address like blackl...
31 Aug 2020 1 minute read 0 comments NULS
Dear NerveNetwork community members, we are thrilled to announce that a new version of the amount of the node staking adjustment and service fee adjustment has been officially released. This version also provides support for USDT/PAX/DAI/USDC immedia...
17 Aug 2020 1 minute read 0 comments Abhi_nan
On August 14, crypto exchange Binance launched a new savings product in a bid to attract users to DeFi. Users will receive a 14.8% APY rate on Binance savings, with random DeFi bonuses as an additional incentive. New product has a DeFi bonus on top...
16 Aug 2020 1 minute read 2 comments Bayarizard
*Ahermm* I just wanted to show how the scheme concocted in here in picture form: turning USD$2,000 into almost $10,000 worth of Stablecoins (split between Pax and USDC) using my Nexo account. *Yes, I asked permission beforehand; and no, I don't show...
13 Aug 2020 1 minute read 2 comments CryptoSnarf
BlockFi To keep things crypto related and to keep the interest of most of my followers on here, I have decided to try and keep everyone more informed about my crypto antics. Right now I try to store all currencies at BlockFi to take advantage...
11 Aug 2020 4 minute read 4 comments Heruvim78
Ho! Ho! Ho! Grayscale decided to bring crypto into everyone's home. Check this ad that just made its way into the American TV medium. Look at this worderful coins. JUST is still going up, for how long, i do not know, almost make me feel bad that...
15 Jul 2020 2 minute read 0 comments Creepto
Disclaimer: I do not represent, nor get compensated by any of the companies or projects mentioned in this article. I do not recommend using any of the products mentioned here - please do your own due diligence before risking your hard-earned money. A...
12 Jul 2020 1 minute read 0 comments Kluma
The number of Tether blacklisted addresses with USDT using the ERC-20 protocol has reached forty, according to Dune Analytics . On July 10, the stablecoin issuer froze a $ 1.58 million wallet with assets. Dune Analytics was launched by Ethere...
10 Jul 2020 1 minute read 0 comments lioha369
Today, there was a lot of noise around the blocking of the $ 100,000 stablecoin USDC account. Following up with another piece of news, Tether has already blocked $ 5.51 million in USDT this year. The developers of the stablecoin USDC blocked the clie...
10 Jul 2020 2 minute read 9 comments Brennan
On June 16th, an Ethereum account holding $100,000 USD worth of USDC was blacklisted by Circle, after receiving a request from the U.S. government to have it suspended. The news marks the first time an account has been frozen by Circle since the Gold...
